Germany Renewables Report

Published 29 June 2015

  • 47 pages
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$1,295.00
Germany Renewables Report

BMI View: Germany's non-hydropower renewables market continues to grow steadily in 2015. While EEG reforms of 2014 have led to some cost reductions, it threatens to also result in lower-than-expected growth in the near future, risking Germany to fall short of its Europe 2020 targets of 18% in its total energy consumption levels. We expect non-hydro renewables capacity and generation growth to grow by around 5% in 2015.

German's renewables expansion has been undeniably successful in terms of capacity growth in the past and the contribution renewables generation makes to the country's electricity mix. Focusing primarily on wind and solar power, the country has firmly established itself as the European bellwether for green energy. The government has established a target for electricity generation from renewable sources, aiming to expand renewables so that they contribute 35% to total electricity generation in the country by 2020, and 80% by 2050. The country was able to produce 27.3% of its electricity from renewable energy sources in 2014, up from 25% in 2013. At the same time, following two years of increasing carbon emissions, CO2 levels fell again in 2014, decreasing by 27% compared to 1990 levels. Moreover, in 2014 the wholesale price for power dropped to a record low of EUR33 per megawatt hour (MWh) from EUR38 in 2013, which enabled Germany to export more power than ever before.

Recent developments within the German renewables market include:

  • The European Investment Bank (EIB) announced in June 2015 it will offer a EUR156mn loan for Germany's 111MW Nordergrunde offshore wind park in the North Sea. Local firm WPD AG, which acquired the project from Energiekontor in 2013, will own and operate the wind farm once it is completed in late 2016. The project will involve a total investment of EUR410mn. Offshore construction on the project is scheduled to begin in March 2016

  • German chancellor Angela Merkel pushed for a greater commitment for...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Germany Renewables Forecast Scenario
9
Table: Germany Total Electricity Generation Long-Term Forecasts, 2013-2018
9
Table: Germany Total Electricity Generation Long-Term Forecasts, 2019-2024
10
Table: Germany Electricity Generating Capacity, Historical Data & Forecasts, 2013-2018
12
Table: Germany Electricity Generating Capacity, Historical Data & Forecasts, 2019-2024
13
Germany Renewables Projects Database
23
Table: Germany - Renewables Projects
23
Industry Risk/Reward Index
29
Germany Renewables Risk/Reward Index
29
Rewards
29
Risks
30
Market Overview
31
Sustainable Energy Policy and Infrastructure
31
Targets (Renewables and Emissions)
31
Subsidies
31
Infrastructure
33
Competitive Landscape
35
E
35
RWE
36
Vattenfall
37
DONG Energy
37
Siemens
37
Glossary
39
Table: Glossary Of Terms
39
Methodology
40
Methodology And Sources
40
Industry Forecast Methodology
40
Sources
42
Risk/Reward Index Methodology
42
Table: Renewables Risk/Reward Index Indicators
44
Table: Weighting Indicators
45

The Germany Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Germany. 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 Germany, 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 Germany, together with a detailed summary of the main utilities and manufacturers present and their business operations.

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

Key Benefits

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

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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