Canada to Phase Out Traditional Coal Generation by 2030
The country aims to produce 90% electricity from sustainable
resources
Canada: In an effort to decarbonize, the
Canadian government on Monday announced plans to end coal burn in traditional
power plants by 2030. Coal-fired generation is responsible for almost 75% of
greenhouse gas emissions by the country. The plan is likely to set Canada on a
path toward 90% non-emitting generating sources by 2030. The federal
government has committed to backing the transition through the Canada
Infrastructure Bank, saying it would finance commercially viable clean energy
and modern electricity systems between provinces and territories. The country’s
government recently announced that it would commit almost US $22 billion over
11 years for green infrastructure.
TechSci Research depicts that
transformers are used for changing voltage from one level to other, in case of
power generation and transmission utilities, power transformers are used to
step up and step down the voltage whereas in distribution utilities
transformers are used to step down the voltage to the desired voltage ratings
of the customer. With growth in the global population and rise in the power
demand, new infrastructure for power generation, transmission, and distribution
is developed, to fulfil the growing power demand. Transformers are divided into
power transformers and distribution transformers, which are further narrowed
down to MVA and kVA ratings in each segment.
According to released
report of TechSci Research “Global
Power and Distribution Transformers Market
Forecast & Opportunities, 2020”, the market for power transformers had
the largest market share by value in 2014 and is forecasted to have around 60%
of the total market share in power and distribution transformers market in
2020. The market growth rate of transformers in the ratings of above 500 MVA
will be leading in power transformers market whereas transformers with the
ratings of 1,000.1-5,000 kVA in distribution transformers will be the
highest.