BMI View : Austria continues to be one of the largest markets for renewable energy in Europe. Continuing low electricity prices however undermine the economic viability of non-hydro renewables projects. In addition, the lack of ambitious long-term renewables targets and the meeting of Austria's 2020 targets before the deadline provide little incentive for stronger renewable s support in this unfavourable market climate. This has led to cuts in FiT rates for both solar and wind, meaning our forecasts see only limited growth beyond 2020, with overall non-hydro renewable generation expected to grow by an average of just 3.7% between 2016 and 2025.
|e/f = BMI estimate/forecast. Source: National sources, BMI|
|Generation, Non-Hydropower Renewables, TWh||10.680||11.270||11.770||12.280||12.780||13.270||13.710|
|Generation, Non-Hydropower Renewables, % y-o-y||11.710||5.560||4.430||4.280||4.080||3.840||3.300|
|Capacity, Non-Hydroelectric Renewables, MW||6,244.3||6,603.5||6,892.2||7,210.1||7,541.1||7,851.8||8,146.0|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||8.4||5.8||4.4||4.6||4.6||4.1||3.8|
Latest Updates And Structural Trends
For 2016, we expect growth in non-hydro renewables generation to decrease to 5.56% as economic headwinds continue, both on a general GDP level, as well as on the sector level due to low electricity prices and cuts in FiT rates.
Since 2015, the Austrian government has reduced the feed-in tariff by 8% for PV systems up to 200kW, due to the apparent maturity - and hence lower costs - of PV systems. Wind FiT cuts have accelerated with a decrease of 2.5% for 2016.
In 2015, Austrian wind power capacity increased by 322MW with an additional 205MW expected in 2016.
The government halted imports of nuclear power at the end of 2014. As Austria imported just over 3% of its electricity needs a growth of 3.84% in total electricity generation in 2015 has proved to be sufficient to cover consumption.
The Austria Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Austria. 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 Austria, 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 Austria, together with a detailed summary of the main utilities and manufacturers present and their business operations.
BMI's Austria Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Austria renewables industry.
- Benchmark BMI's independent renewables industry forecasts for Austria to test other views - a key input for successful budgeting and planning in the renewables market.
- Target business opportunities and risks in the Austria 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 Austria, 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.