By 2020, revenue from the sector is forecast to leap to $89.6bn from 2012 levels of $8.3bn, with total capacity reaching 543.7GW, boosted by the need to move renewable energy production in remote locations to urban areas, as well as by the increasing number of energy security-enhancing cross-border interconnections being built in Europe, Asia-Pacific and the Middle-East.
HVDC converter stations switch current generated by power plants to low-loss HV, making it economic to transmit large though-puts of electricity over long distances.
Currently,
