Business Monitor International


United Kingdom Renewables Report

Published 07 February 2014

  • 54 pages
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$1,295.00
United Kingdom Renewables Report

BMI View: While there are numerous positives that can be taken from the UK's renewable energy industry, we remain concerned about the domestic policy environment. While we accept that the country is the global leader in terms of installed offshore wind capacity, we acknowledge that the domestic market has experienced sustained and high levels of growth, and between January 2010 and September 2013 the UK's renewables industry reportedly received £31bn of private sector investment, we believe storm clouds are brewing. This view is underpinned by the confused policy environment and continued mixed messages from the government - which are likely to weigh on investment and jeopardise long-term industry development. As such, although we believe that wind power will dominate the UK's non-hydro renewables mix and register pronounced growth, we have downwardly revised our wind capacity and generation forecasts on account of the volatile policy environment.

The UK has pledged to derive 15% of its energy from renewable sources by 2020; however, the post-2020 agenda is looking less clear after the European Commission (EC) announcement the proposed EU 2030 climate and energy targets in late-January 2014.It seems that the EC has not set a binding renewable energy target at the individual member states - something that the UK government will back after energy secretary Ed Davey labelled a target 'inflexible and unnecessary'.

Key trends and developments in the UK renewables market include:

  • In May 2013, the world's first bi-directional tidal lagoon power plant was proposed by Tidal Lagoon Power for Swansea Bay region of the UK. The plant, if realised, will have a capacity of 250MW and is expected to be connected to the UK power grid by 2017.

  • German electronics and engineering company Siemens secured a contract in January 2014 to engineer, supply, assemble, commission and service 67MW turbines at the 400MW Dudgeon wind farm in England. The contract has been awarded by...

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
30
Table: Renewables Projects - UK
30
Industry Risk Reward Ratings
34
United Kingdom Renewables Risk/Reward Ratings
34
Rewards
34
Risks
35
Market Overview
36
Sustainable Energy Policy and Infrastructure
36
Targets (Renewables and Emissions)
36
Subsidies
37
Table: UK Renewable Feed-In Tariffs 2012
38
Infrastructure
40
Competitive Landscape
43
EDF Energy
43
E
43
The National Grid Company
44
RWE npower
44
Scottish Power
44
SSE
45
Dong Energy
45
Table: Dong Energy UK Offshore Wind Projects
45
Glossary
47
Table: Glossary Of Terms
47
Methodology
48
Industry Forecast Methodology
48
Sources
50
Risk/Reward Ratings Methodology
50
Table: Renewables Risk/Reward Rating Indicators
52
Table: Weighting Indicators
54

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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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