BMI View: The Czech Republic's renewables sector remains an unattractive investment prospect. In general, electricity consumption in the domestic market is slow and this is impacting upon demand for both conventional thermal power and new non-hydropower renewables. In addition, a series of regulatory U-turns and the removal of previously generous investment incentives has deterred new entrants and created operational risks for existing renewables operators. As such, we expect to see only minimal gains across wind, solar and biogas over the course of the forecast period (2016-2025).
|e/f = BMI estimate/forecast. Source: EIA, National sources, BMI|
|Generation, Non-Hydropower Renewables, TWh||6.120||6.150||6.160||6.170||6.180||6.200||6.220|
|Generation, Non-Hydropower Renewables, % y-o-y||1.170||0.420||0.260||0.140||0.190||0.300||0.250|
|Capacity, Non-Hydroelectric Renewables, MW||3,072.2||3,075.7||3,080.9||3,084.7||3,088.2||3,093.2||3,100.1|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||0.1||0.1||0.2||0.1||0.1||0.2||0.2|
Forecast and Latest Updates
As a member of the EU and a signatory to the recent Paris Agreement, the Czech Republic has committed to the development of new renewables capacity and the phasing out of carbon heavy energy, particularly coal. Despite ambitious targets which set renewable energy's share of consumption at between 15%-16% by 2030, there are very few projects in the pipeline and at present growth will remain under 1% annually until the end of the current forecast period in 2020.
As well as the weak investment environment, the renewables sector faces a growing challenge from the development of new nuclear power in the country. In July 2016 the leading utility C EZ reported that it has requested an Environmental Impact Assessment from the Czech Ministry of Environment as the group moves towards progressing the development of two new nuclear power units in Dukovany.
The Czech Republic Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Czech Republic. 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 Czech Republic, 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 Czech Republic, together with a detailed summary of the main utilities and manufacturers present and their business operations.
BMI's Czech Republic Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Czech Republic renewables industry.
- Benchmark BMI's independent renewables industry forecasts for Czech Republic to test other views - a key input for successful budgeting and planning in the renewables market.
- Target business opportunities and risks in the Czech Republic 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 Czech Republic, 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.