United Kingdom Renewables Report

Published 16 June 2015

  • 61 pages
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$1,295.00
United Kingdom Renewables Report
  • BMI View: The Conservative Party majority government will inf use policy certainty into the British renewables agenda, improving market predictability and strengthening investor confidence. We believe that onshore wind will suffer from subsidy cuts and political opposition, while the growth of solar power will slow down as a result of it having to compete on an equal basis after its inclusion to the contracts for difference (CfD) scheme. On the other hand, we continue to highlight offshore wind and distributed energy solutions (DES) as renewable energy growth areas.

The UK has pledged to derive 15% of its energy from renewable sources by 2020. Meanwhile, the government has targeted a 30% renewables share for the power sector, 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 EU 2030 climate and energy targets in late October 2014. It seems the EC has not set a binding renewable energy target on individual member states - something the UK government supported to ensure power generation mix flexibility.

Key Trends And Developments

  • On May 27 2015 the State SOpening of parliament for the new Conservative government took place. The State Secretary for the Department of Energy and Climate Change (DECC) will be Amber Rudd (junior minister in DECC under the former government), while the new minister of state for DECC is Andrea Leadsom (an outspoken opponent to onshore wind).

  • In May 2015, new solar power projects started having to qualify for support under the contracts for difference scheme, alongside other renewable energy technologies such as wind and biomass. This means developers will no longer receive financial incentives under the renewables obligation scheme for projects with capacity of 5 megawatts (MW) or above. As such, we have included the boom in solar projects in our forecasts prior to this taking effect.

  • In February 2015 Babcock...

Table of Contents

BMI Industry View
7
SWOT
10
Industry Forecast
12
United Kingdom Renewables Forecast Scenario
12
Table: United Kingdom Total Electricity Generation Data And Forecasts, 2013-2018
12
Table: United Kingdom Total Electricity Generation Long-Term Forecasts, 2019-2024
13
Table: United Kingdom Electricity Generating Capacity Data And Forecasts, 2013-2018
15
Table: United Kingdom Electricity Generating Capacity Long-Term Forecasts, 2019-2024
16
United Kingdom Renewables Projects Database
32
Table: Renewables Projects - UK
32
Industry Risk Reward Index
36
United Kingdom Renewables Risk/Reward Index
36
Rewards
36
Risks
37
Market Overview
38
Sustainable Energy Policy and Infrastructure
38
Targets (Renewables and Emissions)
38
Subsidies
38
Table: UK Renewable Feed-In Tariffs 2012
39
Infrastructure
41
Competitive Landscape
44
EDF Energy
45
E
45
The National Grid Company
45
RWE npower
46
Scottish Power
46
SSE
47
Dong Energy
47
Table: Dong Energy UK Offshore Wind Projects
48
Glossary
49
Table: Glossary Of Terms
49
Methodology
50
Methodology And Sources
50
Industry Forecast Methodology
50
Sources
52
Risk/Reward Index Methodology
52
Table: Renewables Risk/Reward Index Indicators
54
Table: Weighting Indicators
55

The United Kingdom Renewables Report researched at source contains BMI Research'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.

Coverage

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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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