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European Biomass Power Plants Market
Frost & Sullivan, Dec 2009, Pages: 110
This study covers the European biomass power plant market with detailed analysis on revenues and forecasts for the same. It also discusses some of the more important issues facing the market in the form of drivers and restraints along with a competitive structure of the industry and geographical analyses
Research Overview
This Frost & Sullivan research service titled European Biomass Power Plants Market provides a strategic review of the biomass power plants market for power generation in Europe. In this research, Frost & Sullivan's expert analysts thoroughly examine the following country markets: Austria, Finland, France, Germany, Hungary, Poland, Spain, Sweden and the United Kingdom. The end users covered in this research service are utilities, industrial power generation and independent power producers (IPP).
This analysis is available through our Energy & Power Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services programme ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Maturing Wind and Hydropower Markets Shift Focus to other Renewable Sources with bio-energy being at the forefront
The European biomass power plant market has traditionally flourished in regions that have large forests or in countries, such as Finland, Sweden and Germany, which have easy access to feedstock. However, with the spotlight on the environment, the approaching European Union (EU) targets and the fast-maturing wind energy sector, the focus has shifted to other sources of renewables such as bio-energy. “Globally, the most significant driver of bio-energy and bioelectricity is the need for energy security,” says the analyst of this research. “Furthermore, the volatility in oil prices and the maturing wind, solar and hydro-power markets are set to spur growth in the biomass power plants.”
Over the last few years, the price of oil touched a high of about $145.00 per barrel before dropping to about $35.00 per barrel by the end of 2008 and the beginning of 2009. This volatility in oil prices has proven to be a driver for renewable energy, thereby promoting growth and increasing governmental support in Europe. With fossil fuel resources fast depleting and the EU importing nearly 56 per cent of its energy needs, the member states’ stance on adopting more renewables in their primary energy consumption has generated a demand and interest not only in biomass, but also in other renewables. Biomass-based power plants provide a possible solution and their use will have the dual effect of reducing the impact of burning fossil fuels as well as providing a viable recycling option.
Greater Investments in R&D for Innovative and Inexpensive Solutions to Fuel Supply
The main challenge to the soaring popularity of biomass-based power is the ability to source and have security of fuel supply as well as the large initial capital required for the erection of a power plant. This literally translates to higher upfront costs when compared to both fossil fuel based and other renewable-based solutions. “Biomass based power plants cost as much as two to three times more than a traditional fossil-fuel based power plant , with an estimated per MWe cost between € 2- € 4 million ,” explains the analyst. “Besides this, the other expense is the fuel supply contract that a majority of projects have in place before kick-off to ensure a secure and reliable source of fuel.”
The need of the hour is greater investment in R&D for innovative and inexpensive solutions to fuel supply. Governments should play an active role in developing indigenous resources to ensure that the biomass-based power generation remains a viable and competitive alternative to fossil fuels. “Continuing R&D should be adopted to ensure the viability of energy crops and other solid biomass to keep biomass relevant in the energy context,” concludes the analyst. “Furthermore, indigenous resources should be developed with the governments’ help along with greater incentives for biomass-based power generation.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Countries:
- Austria
- Finland
- France
- Germany
- Hungary
- Poland
- Spain
- Sweden
- The United Kingdom
By End-Users:
- Utilities
- Industrial power generation
- Independent power producers (IPP)
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