The fast-growing power needs of emerging economies, the “nuclear renaissance,” and the push for more renewables are creating a booming worldwide market for new power generation facilities. Most opportunities, however, are outside the U.S., which is still suffering from a tepid economy and regulatory uncertainty.
According to the International Energy Agency’s “World Energy Outlook 2010” report issued in November, worldwide electricity demand is expected to grow 2.2% per year through 2035, with more than 80% of the increase occurring in countries that are not members of the Organisation for Economic Cooperation and Development.