Business Monitor International


United Kingdom Renewables Report

Published 22 September 2014

  • 54 pages
 
$1,295.00
United Kingdom Renewables Report

BMI View: The UK's renewables industry continues to post robust levels of growth, particularly the solar segment - which saw new photovoltaic (PV) installations surpass 1GW during the first three months of 2014. However, we question the long-term sustainability of this growth , given the uncertain policy environment surrounding the UK renewables industry, particularly in the lead - up to the general election in May 2015. That said, we maintain our constructive outlook for the offshore wind sector, on account of the positive fundamentals underpinning the market.

The UK has pledged to derive 15% of its energy from renewable sources by 2020; with a government target for the power sector of 30% renewables share, owing to slower progress in the heat and transport sectors. However, the post-2020 agenda is looking less clear after the European Commission (EC) announcement of proposed EU 2030 climate and energy targets in late January 2014. It seems the EC has not set a binding renewable energy target on individual member states - something the UK government will support, after energy secretary Ed Davey labelled a target 'inflexible and unnecessary'.

  • According to DECC, renewable energy contributed 14.9% to the country's total power generation mix in 2013 - up from 11.4% in 2012. This boost was primarily driven by the UK's expanding wind sector. In fact, the UK installed 733MW of offshore wind capacity during 2013, bringing online the world's largest offshore wind project, the London Array in July 2013.

  • E.ON's UK arm started installing the first two turbines for the 219MW Humber Gateway wind farm in East Yorkshire in August 2014. The company is currently laying the offshore cable, while it has already built 61 of the 73 foundations for the wind park. The GBP700mn facility is expected to be completed in 2015.

  • It was announced in April 2014 that Irish company OpenHydro and Alderney Renewable Energy is set to form a JV that will develop a 300MW tidal plant off the...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
United Kingdom Renewables Forecast Scenario
11
Table: United Kingdom Total Electricity Generation Data And Forecasts, 2012-2017
11
Table: United Kingdom Total Electricity Generation Long-Term Forecasts, 2018-2023
12
Table: United Kingdom Electricity Generating Capacity Data And Forecasts, 2012-2017
14
Table: United Kingdom Electricity Generating Capacity Long-Term Forecasts, 2018-2023
15
United Kingdom Renewables Projects Database
32
Table: Renewables Projects - UK
32
Industry Risk Reward Ratings
37
United Kingdom Renewables Risk/Reward Ratings
37
Rewards
37
Risks
38
Market Overview
39
Sustainable Energy Policy and Infrastructure
39
Targets (Renewables and Emissions)
39
Subsidies
40
Table: UK Renewable Feed-In Tariffs 2012
41
Infrastructure
43
Competitive Landscape
46
EDF Energy
46
E
46
The National Grid Company
47
RWE npower
47
Scottish Power
47
SSE
48
Dong Energy
48
Table: Dong Energy UK Offshore Wind Projects
48
Glossary
50
Table: Glossary Of Terms
50
Methodology
51
Methodology And Sources
51
Industry Forecast Methodology
51
Sources
53
Risk/Reward Ratings Methodology
53
Table: Renewables Risk/Reward Rating Indicators
55
Table: Weighting Indicators
57

The United Kingdom Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in United Kingdom. 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 United Kingdom, 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 United Kingdom, together with a detailed summary of the main utilities and manufacturers present and their business operations.

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

Key Benefits

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