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Austria Renewables Report Q1 2013
Business Monitor International, January 2013, Pages: 30
Our 2013 forecast for renewable energy in Austria remains unchanged from the previous quarter as we do not expect any of the regulatory changes made in late-2012 to affect the sector. We have also refrained from making any revisions to our long-term forecasts as we are uncertain of the contrasting and opposing dynamics between lower tariffs and higher budgeted government subsidies. We continue to expect in wind and solar generation to outpace growth in biomass generation over the long term, but see that biomass will play a significantly more important role in the foreseeable future.
We are forecasting non-hydropower generation in Austria to grow by 5.4% in 2013. Our forecast remains unchanged from the previous quarter, despite several regulatory changes that are expected to affect the sector in 2013.
We are forecasting non-hydropower generation to grow at an average of 4.9% per annum between 2013 and 2021. We believe that growth will be underpinned by the country's desire to halt nuclear power imports by end-2014, and our projection of 4.9% per annum should be sufficient to fulfill this ambition.
Here are the key trends and regulatory changes in the industry:
- The government has decided to halt imports of nuclear power by end-2014, and will need to seek other generation sources to fill the gap. The country currently imports just over 3% of its electricity needs, and growth of 4.7% per annum in electricity generation should be sufficient to fulfil its ambition.
- In September 2012, the Austrian government doubled its 2013 renewables budget to EUR50mn,
terminated the feed-in tariff (FiT) for new building integrated photovoltaic (BIPV) plants with capacities of over 500 kilowatts (kW), included a digression mechanic for FiTs, and made a general reduction in the FiT for solar energy.
- Austria opened a biomass diesel plant in July 2012, a first in the world. The plant is capable of converting solid biomass - wood chips and straw - into diesel fuel.
- The country recently unveiled a new smart grid project that is aimed at increasing the share of photovoltaic solar power. The EUR5mn (US$6.3mn) project, spanning three years, is expected to lead to the development of 120 photovoltaic systems.
BMI View 5
SWOT Analysis 6
Austria Renewables SWOT 6
Industry Forecast Scenario 7
Table: Austria Total Electricity Generation Data And Forecasts, 2010 - 2017 7
Table: Austria Total Electricity Generation Long Term Forecasts, 2014 - 2021 9
Table: Austria Electricity Generating Capacity Data And Forecasts, 2010 - 2017 11
Table: Austria Electricity Generating Capacity Long Term Forecasts, 2014 - 2021 12
Renewables Projects Database 16
Table: Austria Major Projects - Renewables 16
Sustainable Energy Policy and Infrastructure 17
Targets (Renewables and Emissions) 17
Table: Renewable Feed-In Tariffs In Austria, 2012 17
Austria Renewables Risk/Reward Ratings 20
Competitive Landscape 21
ImWind Group GmbH 21
Cycleenergy Beteiligungs 22
BDI BioEnergy (BDI) 22
Glossary of Terms 23
Table: Glossary of Terms 23
Methodology and Sources 24
Industry Forecasts 24
Renewables Industry - Data Methodology 25
Generation Data 25
Electricity Generation Capacity Data 25
Power Risk/Reward Ratings Methodology 26
Table: Power Risk/Reward Indicators 28