BMI View: Although there has been a great deal of activity in the Netherlands renewables sector over the past quarter, this has been within the parameters of our projections and so our forecasts have not changed. However we are increasingly positive with regards to the country's renewables sector and highlight geothermal and wind electricity generation as key areas to watch in the future.
However, our longer-term outlook to 2020 and beyond is looking somewhat despondent, following an announcement earlier in 2013 that after boosting its 2020 renewables target from 14% to 16%, the Netherlands reverted to its former target after less wind capacity was developed than had been expected.
We believe this is partially due to the popular perception of wind turbines as unsightly, so although the populace as a whole is in favour of renewable energy and wind generation, it seems they would rather it occurred elsewhere. However, the recent EUR1.3mn communal purchase of a wind turbine by 1700 Dutch would seem to signal a potential change in this perception. People who have part ownership (no matter how small) of their own turbine and are able to directly benefit from it are less likely to protest against their presence. We feel that such grass roots level developments, led by Windcentrale, could result in a more widespread acceptance of turbines in the country in the future.
Due to lower-than-anticipated growth in wind generation and the reducing of the 2020 target we have cut our non-hydropower renewable generation growth for 2013, from 3.59% to 1.86%, a pronounced slowdown from the 10-year average of 10.4%. However, following recent announcements concerning the awarding of geothermnal project licences, we believe that over the longer term, beyond our current forecast period, geothermal will start to become a more viable electricity generator in the country. There are arguments that this could replace up to 2% of the country's natural gas consumption in the long run....
The Netherlands Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Netherlands. 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 Netherlands, 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 Netherlands, together with a detailed summary of the main utilities and manufacturers present and their business operations.
BMI's Netherlands Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Netherlands renewables industry.
- Benchmark BMI's independent renewables industry forecasts for Netherlands to test other views - a key input for successful budgeting and planning in the renewables market.
- Target business opportunities and risks in the Netherlands renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Netherlands, 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 Ratings
BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.
The ratings methodology makes sophisticated use of various industry, economic and demographic data point.