United Kingdom Renewables Report

Published 01 December 2014

  • 55 pages
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United Kingdom Renewables Report

BMI View: The confusion surrounding the UK's renewables energy agenda is likely to have a detrimental impact on investment levels into the sector. That said, compared to other well   developed renewable energy markets in Europe, the UK still presents investment opportunities for developers. We highlight the expanding offshore wind segment and distributed energy solutions (DES) as two such growth areas. The UK has pledged to derive 15% of its energy from renewable sources by 2020; with a government target for the power sector of 30% renewables share, owing to slower progress in the heat and transport sectors. However, the post-2020 agenda is looking less clear after the European Commission (EC) announcement of proposed EU 2030 climate and energy targets in late January 2014. It seems the EC has not set a binding renewable energy target on individual member states - something the UK government will support, after energy secretary Ed Davey labelled a target 'inflexible and unnecessary'.

  • DECC released its 'Community Energy Strategy' in January 2014, outlining the role communities can play in helping to meet the UK's climate and energy targets. With estimates that 1mn homes could be supplied with electricity from local community schemes by 2020, the government clearly has ambitious plans for DES in the UK.

  • It was announced in November that a new GBP200mn funding scheme has been launched to help finance community renewable energy projects. The scheme is being led by the Green Investment Bank (GIB), and also involves investment firms KKR and Temporis Capital LLP.

  • DONG Energy and Iberdrola's subsidiary ScottishPower Renewables inaugurated the 389MW West of Duddon Sands offshore wind farm in the East Irish Sea in November 2014 - the first offshore project for Iberdrola. Iberdrola (through Scottish Power) was also planning to develop a 1.2GW wind power project off the coast of East Anglia, but has now decided to scale back the project, blaming a lack of...

Table of Contents

BMI Industry View
Industry Forecast
United Kingdom Renewables Forecast Scenario
Table: United Kingdom Total Electricity Generation Data And Forecasts, 2012-2017
Table: United Kingdom Total Electricity Generation Long-Term Forecasts, 2018-2023
Table: United Kingdom Electricity Generating Capacity Data And Forecasts, 2012-2017
Table: United Kingdom Electricity Generating Capacity Long-Term Forecasts, 2018-2023
United Kingdom Renewables Projects Database
Table: Renewables Projects - UK
Industry Risk Reward Ratings
United Kingdom Renewables Risk/Reward Ratings
Market Overview
Sustainable Energy Policy and Infrastructure
Targets (Renewables and Emissions)
Table: UK Renewable Feed-In Tariffs 2012
Competitive Landscape
EDF Energy
The National Grid Company
RWE npower
Scottish Power
Dong Energy
Table: Dong Energy UK Offshore Wind Projects
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Ratings Methodology
Table: Renewables Risk/Reward Rating Indicators
Table: Weighting Indicators

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-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 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.


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-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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'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.’

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