United Kingdom Renewables Report Q1 2013
Business Monitor International, February 2013, Pages: 40
BMI View
The publication of the UK's energy bill comes at a crucial time for a country whose renewable energy future is both precarious and shrouded in controversy. The policy framework proposed reflects a divided coalition government that is attempting to compromise - and in doing so has created an energy agenda that is overly ambitious, unfocused and ultimately unfeasible. We do forecast relatively robust levels of growth for the renewables sector- driven primarily by the wind segment. However we believe that the government's clear ambitions for gas could detract attention away from the renewables industry, and investors will remain cautious.
Key trends and developments in the UK renewables market include:
- The UK Department for Energy and Climate Change (DECC) publication of the Energy Bill was released in November 2012. It aims to deliver low-cost and low-carbon electricity to the UK population, by attracting GBP110bn of investment for the construction of new capacity across the country. Key areas of focus include not just renewables, but gas, nuclear and Carbon Capture and Storage (CCS) technology.
- As part of the energy bill, the Levy Control Framework (LCF) budget has been announced for the lowcarbon market forms part of the Government's public spending structure and is set to increase to GBR7.6bn a year in real terms by 2020/2021, from the current level of GBR2.35bn a year.
BMI Industry View 7
United Kingdom Renewables 7
SWOT 8
Renewables 8
Industry Forecast 10
United Kingdom Forecast Scenario 10
Table: United Kingdom Total Electricity Generation Data And Forecasts, 2012 - 2017 10
Table: United Kingdom Total Electricity Generation Long Term Forecasts, 2016 - 2021 11
Table: United Kingdom Electricity Generating Capacity Data And Forecasts, 2012 - 2017 12
Table: United Kingdom Electricity Generating Capacity Long Term Forecasts, 2016 - 2021 13
United Kingdom Renewables Projects Database 21
Table: UK Major Projects - Renewables 21
Industry Risk Reward Ratings 24
United Kingdom Renewables Risk/Reward Ratings 24
Rewards 24
Risks 25
Market Overview 26
Sustainable Energy Policy and Infrastructure 26
Targets (Renewables and Emissions) 26
Subsidies 27
Table: Renewable Feed-In Tariffs In the UK, 2012 27
Infrastructure 29
Competitive Landscape 31
United Kingdom Competitive Landscape 31
EDF Energy 31
E N AG 31
The National Grid Company 31
RWE npower 32
Scottish Power 32
SSE 32
Glossary 34
Glossary 34
Table: Glossary of Terms 34
Methodology 35
Methodology and Sources 35
Industry Forecasts 35
Renewables Industry - Data Methodology 36
Power Risk/Reward Ratings Methodology 37
Table: Power Risk/Reward Indicators 39
Sources 40
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