Abstract
Introduction
Electrical production capacity has had historically an energy mix consisting
primarily of fossil fuels including gas, coal and oil, backed up with a volume
of nuclear and hydro power.
The EU-27 countries are trying to lower carbon emissions, and build an
interconnected, efficient energy system. New targets have been created by the
EC that request that by 2020 the EU-27 countries reduce greenhouse gas
emissions by at least 20% (compared with 1990 levels) by 2020; improve energy
efficiency by 20% by 2020; raise the share of renewable energy to 20 % by
2020; increase the level of biofuels in transport fuel to 10% by 2020.
In trying to meet these objectives, a new energy market is beginning to
evolve. Recent addition has been made to the energy mix by way of renewable
energy technologies which include power from the wind - wind turbines, and
power from the sun - solar cells, and geothermal - relying on the heat that
can be found at varying degrees of depth into the Earth' s surface. In the last
decade newly installed renewable energy technologies are starting to gain a
notable share of the market.
Key findings
- Germany has the largest volume of installed renewable energy technology
topping the market in wind and solar, the two field leading technologies.
Germany has installed around 2 GW of grid connected solar photovoltaics
annually for the last two years.
- Hydroelectric power makes up almost two thirds of the current renewable
energy electrical generation market.
- Geothermal energy only utilized for electricity generation in Italy,
Iceland, Portugal and Turkey. The market share of geothermal capacity only
accounts for 1% of the total installed capacity. Iceland makes up 61% of the
geothermal market share.
- In terms of market share, the annual installed capacity of wind has grown
from 0% in 1995 to 30% in 2007.
Key features of this report
- Analysis of energy type volumes, capacity installed and generation output
across European countries.
- Market projections to 2020, including an evaluation of energy type and
national and international growth potential.
- Overview of trends impacting on and shaping innovation in the energy
market.
- New renewable energy technology analysis including innovation, capacity
investment.
Use this report to
- Achieve a quick and comprehensive understanding of how European market
trends and legislation are influencing the development of the renewable energy
market.
- Realize up to date competitive intelligence through a comprehensive review
of European markets in the renewable energy market between 1990 and 2008.
- Assess the emerging trends in renewable energy technology - wind, solar,
geothermal, hydroelectric, tidal, wave - capacity and generation.
Discover
- What are the drivers shaping and influencing new capacity installed in the
energy industry?
- How will renewable energy technologies capacity share perform to 2020?
What are the opportunities?
- What are the forecast market growth rates 2008-2030? Which markets will
see the highest value growth and which the highest volume growth?
- Which regions and countries offer the greatest opportunity for growth?
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