Business Monitor International


Spain Renewables Report

Published 02 October 2014

  • 40 pages
 
$1,295.00
Spain Renewables Report

BMI View:   Our view that renewable energy expansion in Spain would slow significantly is playing out, as just one wind turbine was reportedly installed in Spain during the first half of 2014. The regulatory environment for renewables remains extremely challenging for those companies operating in the industry , and domestic utilities continue to be hit hard.

A number of regulatory changes over 2013 and the beginning of 2014 have rocked Spain's renewables industry. Coupled with the country's depressed economic picture, these reforms have dented investor confidence and created difficulties for renewable energy operators. 

Recent developments include:

  • The Spanish Wind Energy Association announced in July 2014 that just one wind turbine was installed during the first half of 2014, amounting to just 80KWh of capacity.

  • It was reported on February 2014 that UAE renewable energy developer  Masdar had filed a legal case against Spain through the International Centre for Settlement of Investment Disputes (ICSID) in relation to the government's renewable energy reforms. More recently, US company NextEra also filed a complaint through the ICSID. According to Bloomberg, this is the forth complaint of its kind.

  • Spain-based renewable energy company Ence Energia y Celulosa announced in August 2014 that it plans to build 210MW of biomass plants in Canary Islands, Spain. The company will spend EUR546mn to set up three biomass stations of 70MW each. Construction work is likely to start in 2015, and completion is expected in 2016.

  • Iberdrola 's net profits, revenues and EBITDA all fell in H114. Profits took the largest hit, falling by more than 13% year-on-year to EUR1503mn. This drop can be primarily attributed to the impact of power sector reforms in its domestic market of Spain.

  • It was reported by Spanish grid operator Red Eléctrica de España that wind power accounted for around 21% of Spain's total electricity generation in 2013 - the highest...

Table of Contents

BMI Industry View
7
Spain Renewables
7
SWOT
8
Spain Renewables SWOT
8
Industry Forecast
10
Spain Renewables Forecast Scenario
10
Table: Spain Total Electricity Generation Historical Data And Forecasts, 2012-2017
10
Table: Spain Total Electricity Generation Long Term Forecasts, 2018-2023
11
Table: Spain Electricity Generating Capacity, Historical Data And Forecasts, 2012-2017
13
Table: Spain Electricity Generating Capacity Long Term Forecasts, 2018-2023
15
Spain Renewables Projects Database
23
Table: Spain Project Pipeline
23
Industry Risk Reward Ratings
25
Spain Renewables Risk/Reward Ratings
25
Rewards
25
Risks
26
Market Overview
27
Sustainable Energy Policy and Infrastructure
27
Targets (Renewables and Emissions)
27
Subsidies
27
Table: Renewable Energy Feed-In Tariffs In Spain, 2008
28
Infrastructure
30
Competitive Landscape
32
Spain Competitive Landscape
32
Iberdrola
32
Endessa
33
Acciona
33
Gamesa
33
Glossary
34
Table: Glossary Of Terms
34
Methodology
35
Methodology And Sources
35
Industry Forecast Methodology
35
Sources
37
Risk/Reward Ratings Methodology
37
Table: Renewables Risk/Reward Rating Indicators
39
Table: Weighting Indicators
41

The Spain Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Spain. The report also contains historical data together with forecasts to end-2017 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 Spain, 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 Spain, together with a detailed summary of the main utilities and manufacturers present and their business operations.

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

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Spain to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Spain 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 Spain, 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-2017 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.

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