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Belarus Wind Power Market Outlook 2019-2028

  • ID: 4846834
  • Report
  • Region: Belarus
  • Inea Consulting Ltd
1 of 5

FEATURED COMPANIES

  • Enercon
  • Enertrag AG
  • FWT Energy GmbH
  • Krim-Irey-Project LLC
  • SCHNEIDER ELECTRIC
  • Siemens
  • MORE
Belarus, a landlocked, generally flat country (the average elevation is 162 meters above sea level) without natural borders, occupies an area of 207,600 km2, or slightly smaller than the United Kingdom or the state of Kansas. Its neighbors are Russia to the east and northeast, Latvia to the north, Lithuania to the northwest, Poland to the west, and Ukraine to the south. Its extension from north to south is 560 km, from west to east is 650 km. The population of Belarus was 9.51 million and the current gross domestic product (GDP) was $59.6 billion as of 2018.

As a net energy importer, the national energy policy of Belarus is focused on maintaining energy security and stability in the country and reducing energy import dependency through increased energy efficiency measures. A new “Concept of Energy Security” came into force on 1 January 2016 and defines the long-term view on the country’s energy sector development. The main priority of Belarus energy policy is to increase energy efficiency and to develop local sources of energy: 80% of the energy consumption is currently imported.

The potential of wind energy is estimated to equal 1.9–2.0 Mtoe per year. The technical potential of energy that could be generated by wind farms is estimated at 220 billion kWh. A survey has been done by the government resulted in 1,840 sites fit for placing wind-powered generators with the potential energy output of over 1,600 MW.

Belarus is ranked among the top 5 countries by attractiveness for wind energy investments among CIS countries by Renewable Market Watch in their yearly updated "Attractiveness index for wind energy investments in CIS countries in 2019". The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, nuclear sources, and connecting to the European power infrastructure and power infrastructure of Commonwealth Independent States (CIS).

First wind power plants have been launched into commercial operation between 2012 and 2018, whilst pipeline of over 200 MW wind power projects are progressing in different stages of permitting process for grid connection by 2020. Feed-in tariff for wind energy has been updated in Belarus in May 2015 combined with 20 years PPA period is expected to pave the way for fast further growth of the wind energy market in Belarus.

The report provides a complete picture of the market situation, dynamics, current issues, and future prospects. You will find more than 110 pages of valuable information in this unique in-depth analysis of the Belarus wind power market. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2017 and 2018 were challenging years for the world wind energy industry, the time for making the right decisions during 2019 and the next few years is limited. The fast-changing market environment requires relevant and accurate information. For your convenience, the analyst can offer the opportunity for orders with customized report content.

Reasons to buy this market report are, but not limited to:

- Wind resource potential in Belarus
- Historical market data provided from 2000 to 2018 and forecasts until 2028
- Financial Model and Analysis of 50 MW Wind Power Plant investment in Belarus (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 45 charts, tables, and maps
- Overview of Belarus wind power market development 2008-2028
- Development scenario of Belarus wind power sector until 2028
- Major active and upcoming wind power plants in Belarus
- Current market prices of fully permitted and operational wind power projects
- Attractiveness index for wind power investments in Belarus and CIS countries
- SWOT Analysis (detailed in 5 pages)
- Overview of Belarus legal and regulatory framework for RES generation
- Review of most relevant financing and supporting incentives
- Project developers, EPC providers, and Consultants in Belarus
- Key organizations and stakeholders affecting the development of the wind power sector in Belarus
- Investment potential and opportunities
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Enercon
  • Enertrag AG
  • FWT Energy GmbH
  • Krim-Irey-Project LLC
  • SCHNEIDER ELECTRIC
  • Siemens
  • MORE

FOREWORD

1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations

2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Wind Power Market in Belarus
2.2 Belarus Wind Resource Potential
2.3 Key Stakeholders Affecting Wind Power Market Development in Belarus
2.4 Market Drivers and Constraints
2.5 Market Forecast Summary

3 BELARUS POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS
3.1 Basic Country Data
3.2 Political Climate and Ruling Party
3.3 GDP and Economic Growth
3.4 Taxes
3.4.1 VAT
3.4.2 Income and Corporate Taxes
3.4.3 Excise Duty

4 COMMONWEALTH INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET
4.1 General Electricity Market information
4.2 Wind Power in Energy Sector
4.3 Single Electricity Market of the European Union (EU)
4.4 CIS States Common Electricity Market (CIS CEM)
4.5 Electricity Market Concept of Eurasian Economics Union

5 COMMONWEALTH INDEPENDENT STATES (CIS) WIND POWER MARKET
5.1 Market Overview
5.2 Cumulative (CAGR) Installed Wind Power Capacity and Revenue
5.3 Annual Installed New Wind Power Capacity
5.4 Future Development Trends

6 BELARUS POWER MARKET
6.1 Electricity Transmission and Distribution
6.2 Electricity Consumption and Generation
6.3 Electricity Imports and Exports
6.4 Electricity Prices for Business and Households
6.5 Renewable Energy Sources (RES) Targets

7 BELARUS WIND POWER MARKET
7.1 Why Invest in Wind Power in Belarus?
7.2 Belarus Wind Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Wind Power Projects in Belarus
7.5 Overview of Wind Power Market in Belarus
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Wind Power Market
7.9 Profiles of Key Players and Investors in Wind Power Market
7.10 Cumulative Installed Wind Power Capacity and Revenue
7.11 Annual New Installed Wind Power Capacity
7.12 Market Prices for Wind Power Projects in Belarus in Development, Ready to Build and Operational (Grid Connected) Condition
7.13 Levelized Cost of Energy (LCOE) for Wind Power in Belarus
7.14 Key Wind Power Projects in Belarus
7.15 Mergers and Acquisitions

8 DRIVERS AND CONSTRAINTS OF WIND POWER MARKET IN BELARUS. SWOT ANALYSIS
8.1 Market Drivers
8.2 Market Drivers Explained
8.3 Market Constraints
8.4 Market Constraints Explained
8.5 SWOT Analysis

9 FINANCIAL ANALYSIS OF WIND POWER MARKET IN BELARUS
9.1 Financing Options of Wind Power Projects in Belarus
9.2 Financial Model and Analysis of 50 MW Wind Power Plant investment in Belarus (IRR, Discount rate, Payback, NPV, Cash Flow, ETC.)

10 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE
10.1 RES Regulations and EU Directives
10.1.1 Precedent EU regulations
10.2 Renewable energy mandatory targets for CEE & SEE countries set out by the EU
10.2.1 Interim targets set out by the EU
10.2.2 National support schemes flexibility allowed by the EU and progress reporting
10.2.3 Energy Community (EC) Treaty
10.3 EU 2030 framework for climate and energy policies
10.3.1 Targets
10.3.2 Coherence of policy instruments
10.3.3 Fostering the competitiveness of the EU economy
10.4 RES strategy for CIS countries developed by UN ECE
10.4.1 Development of Educational Activity and Personnel Training
10.5 Renewable Energy Sources (RES) Mandatory Targets For CIS Countries

11 BELARUS RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK
11.1 Main Laws and Regulations
11.2 Republican Energy Saving Program 2016-2020
11.3 Support Scheme. Feed-in Tariff
11.4 Zoning, Planning and Construction Related Authorizations
11.4.1 Zoning Plans Procedure
11.4.2 Building Permit (Construction License) Procedure
11.5 Environmental Related Authorizations
11.5.1 Natura 2000 Network
11.5.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)
11.6 Energy Law Authorizations
11.6.1 Grid Interconnection
11.6.2 Power Off-Take/Power Purchase Agreement (PPA)
11.6.3 Green Certificates (Guarantees of Origin)
11.7 Future Market Pricing Mechanisms

12 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN BELARUS
12.1 Government Stakeholders
12.2 Non-Government Stakeholders  
12.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s)  

13 CONCLUSIONS AND RECOMMENDATIONS  

14 LIST OF ABBREVIATIONS  

15 REFERENCES  

16 DISCLAIMER  
APPENDIX I. WIND RESOURCE MAPS OF CIS COUNTRIES AND BELARUS  
APPENDIX II. CALCULATIONS DESCRIPTION TO FINANCIAL MODEL

List of maps, charts, and tables
Map 1: Where is Belarus on the CIS Countries Map
Map 2: Belarus Road Network
Map 3: Belarus Administrative Regions Map
Map 4: Electricity Grid Map of Belarus (750-330-220-110 kV)
Map 5: Wind Resource Map of Belarus
Map 6: Wind Resource Map of Belarus
MAP 7: Belarus Natura 2000 Areas Map
MAP 8: Mean Wind Speed in CIS Countries at 80 m.a.g.l.  
Map 9: Global Mean Wind Speed at 80 m.a.g.l. 

Chart 1: Belarus Real GDP Growth (in %) for the Period 2008-2028 (including forecast)
Chart 2: Belarus GDP Growth Compared to EU-28 for the Period 2008-2028 (including forecast)
Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries
Chart 4: The Synchronous Grids of Europe and CIS States (UCTE is Equal to ENTSO-E)
Chart 5: Breakdown of Electricity Production by Source Type in the EU-28 in 2019 (in %)  
Chart 6: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries, 2019 (in %)
Chart 7: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2009-2019; Renewable Market WatchTM
Chart 8: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW)  
Chart 9: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2019 (MW)  
Chart 10: Age of Power Plants in Europe in 2019 in MW  
Chart 11: Share of New Power Generation Capacities Added in the EU 28 in 2019 (MW)  
Chart 12: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2009-2019 in the EU  
Chart 13: Net Installed and Decommissioned Power Generation Capacity in the EU 28 for 2019 (GW)  
Chart 14: Cumulative (CAGR) Installed Capacity of Wind Power Plants (in MW) in the Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 15: Cumulative (CAGR) Revenue of Wind Power Plants (in Millions €) in the Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 16: Annual Installed Capacity of Wind Power Plants (in MW) in the Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 17: Belarus Power Market Structure
Chart 18: Structure of the Power Market in Belarus
Chart 19: Share of RES Electricity (incl. Large Hydro) from Total Installed Power Capacity in Belarus
Chart 20: Belarus Total Annual Electricity Consumption (in GWh) 2009-2019
Chart 21: Tariff Regulation in Power Sector of Belarus
Chart 22: Cumulative Installed Capacity of Wind Power Plants in Belarus (in MW) 2008-2028, including forecast
Chart 23: Annual Revenue of Wind Power Plants in Belarus (in Millions €) 2008-2028, including forecast
Chart 24: Annual New Installed Capacity of Wind Power Plants in Belarus (in MW) 2008-2028, including forecast
Chart 25: Levelized Cost of Energy (LCOE) for Wind Power in Belarus in USD cents/KWh;
Chart 26: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Belarus
Chart 27: Corporate Governance Structure of Belenergo 

Table 1: Electricity Prices for Business and Households
Table 2: Support Schemes for Renewable Energy Sources (RES) Generation in the EU Countries and CIS Countries
Table 3: Market Prices for Wind Power Projects in Belarus for 2019-2028 in Development, Ready to Build and Operational (Grid Connected) Condition (2019 Update)
Table 4: Database with Major Operational, Under Construction and Planned Wind Power Projects in Belarus
Table 5: Key Financial Parameters of 50 MW Wind Power Plant Investment in Belarus
Table 6: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Belarus (IRR, NPV, Payback, Benefit-Cost)
Table 7: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Belarus
Table 8: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Belarus (Pre-tax, After-tax, Cumulative)
Table 9: Feed-in-tariffs (FiT) for Electricity from Wind Energy Sources (RES) in Belarus for Wind Power Plants Commissioned After 20.08.20

Note: Product cover images may vary from those shown
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  • Enercon
  • Enertrag AG
  • FWT Energy GmbH
  • Krim-Irey-Project LLC
  • SCHNEIDER ELECTRIC  
  • Siemens
  • TW Logisticts (Windstar)
  • Vestas
  • WKN Windkraft Nord AG
Note: Product cover images may vary from those shown
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