Business Monitor International


Greece Renewables Report

Published 17 October 2014

  • 33 pages
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$1,295.00
Greece Renewables Report

BMI View: After a surge in wind capacity installation rates during 2013 we expect to see a slowdown in the Greek wind marke t and wider non-hydro renewables industry. Recent project announcements highlight that the wind sector will continue to expand in future , but at a slower rate - in line with the changes made to the Greece renewables policy, under the 'New Deal' earlier in 2014. 

As part of the EU, Greece has committed to the European Commission's 20-20-20 Energy and Climate package. This sets an individual goal for Greece for 18% of energy for final consumption from renewable sources by 2020. However, the country has committed to reaching 20% of energy from renewable sources by 2020, under the Implemented Directive 2009/28/EC (EEL, 140/2009). Greece has certainly made progress on this target and lucrative subsidies have encouraged investment in the sector. In fact, despite the recession and ongoing economic troubles, Greece's renewables industry has continued to expand - offering companies an attractive investment avenue in an overall depressed market.

However, this has become increasing unsustainable and Greece is now under pressure to tackle the country's power regulator LAGIE's deficit (which funds renewable energy) - which has estimated to have reached about EUR700mn. The 'new deal' was officially voted through the Parliament on April 1 2014 with immediate effect and aims to reduce the deficit.

In light of this regulatory uncertainty and the more challenging conditions for renewable energy developers, we expect to see a marked slowdown in investment in the non-hydro renewables industry. Although it seems the measures being implemented under the 'new deal' are focused on short-term objectives, they provide little guidance on the long-term prospects of the market. As such we remain cautious with regards to our 10-year non-hydro renewables capacity and generation forecasts.

Key Trends And Developments

  • A 'new deal' for the Greek renewables sector has...

Table of Contents

BMI Industry View
5
SWOT
6
Industry Forecast
8
Greece Renewables Forecast Scenario
8
Table: Greece's Total Electricity Generation Data And Forecasts, 2012-2017
8
Table: Greece's Total Electricity Generation, Long-Term Forecasts, 2018-2023
9
Table: Greece's Electricity Generating Capacity Data And Forecasts, 2012-2017
10
Table: Greece's Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
12
Greece Renewables Projects Database
18
Table: Greece Major Projects - Renewables
18
Industry Risk Reward Ratings
19
Greece Renewables Risk/Reward Ratings
19
Rewards
19
Risks
20
Market Overview
21
Sustainable Energy Policy And Infrastructure
21
Targets (Renewables And Emissions)
21
Subsidies
21
Infrastructure
23
Competitive Landscape
24
Table: Producers And Suppliers In The Greek Renewables Market
24
Public Power Corporation
25
-lectricit- de France (EDF) SA
25
Iberdrola Renewables SA
25
Terna Energy SA
25
Sky Solar
26
Glossary
27
Table: Glossary Of Terms
27
Methodology
28
Methodology And Sources
28
Industry Forecast Methodology
28
Sources
30
Risk/Reward Ratings Methodology
30
Table: Renewables Risk/Reward Rating Indicators
32
Table: Weighting Indicators
34

The Greece Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Greece. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Greece, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Greece, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Greece Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Greece renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Greece to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Greece renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Greece, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc