BMI View : While growth is expected to remain sluggish in 2015, wi th only a slow uptick forecast for 2016, our outlook for the Dutch renewable energy market in the medium term continues to improve. Particularly wind power is expected to see an increased development following the new offshore wind power bill. As doubts continue over the country's ability to reach its 2020 targets, the prime minister also held out the prospect of an increased SDE+ budget for 2016.
The lowering of renewable energy targets by the Dutch government from an initial 20% of the country's total energy mix by 2020 to 14% paired with reduced FiT payments in 2010 had brought fears over the government's commitment to the country's energy transition. Governmental incentives remain strong, however, planning to reach the 16% target by 2023. Although the SDE+ subsidy programme continued in 2015 with a budget of EUR3.5bn, reports suggest at the current pace less than 11% of the country's energy mix will come from renewable energies by 2020. A new offshore wind power bill may raise this number slightly, however, we expect the country to be unable to meet its 2020 obligations.
Marketwise, the Netherlands' strongest sector remains wind power, which is already well established and expected to account for 5.8% of total electricity generation in 2015. With the inclusion of several major offshore and onshore projects currently under way, this proportion is expected to grow to 11.7% by 2024. This number has already been revised upward and continues to entail a strong upward potential as the new Offshore Wind Energy Bill that came into force in July this year is expected to improve incentives for developers, decrease costs and includes a new roll-out for a total of 3,500MW in offshore projects by 2020. Biomass, although currently dominating the renewables sector and expected to increase steadily moving forward, is expected to gradually lose out in terms of its market share to wind power, although...
The Netherlands Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Netherlands. 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 Netherlands, 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 Netherlands, together with a detailed summary of the main utilities and manufacturers present and their business operations.
BMI's Netherlands Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Netherlands renewables industry.
- Benchmark BMI's independent renewables industry forecasts for Netherlands to test other views - a key input for successful budgeting and planning in the renewables market.
- Target business opportunities and risks in the Netherlands 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 Netherlands, 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.