Power Market in Western Europe to 2020 - Government Policies Downplaying the Nuclear Energy Industry and Spurring the Growth of Renewable Energy

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					        Power Market in Western Europe to 2020 - Government
        Policies Downplaying the Nuclear Energy Industry and
              Spurring the Growth of Renewable Energy
 Reference Code: GBIPE0013MR                                                                                                                                                               Publication Date: June 2011

                                    Renewable Power to Become Second Most Important Source of Power, Surpassing Nuclear
                                    and Hydro Sources
     Increasing importance of       At present, the Western Europe region is heavily dependent on thermal fuel sources (coal, gas and
     Renewable Energy               oil) for power generation. For instance, countries such as Germany, the UK, Italy and the
     sources would make them        Netherlands generate more than 50% of their power from thermal fuel sources. However, a change
     the second most important      in the power generation mix in the region is expected in the future due to the shift in focus by
     source for power               Western European countries to other fuel sources, such as renewables (primarily solar and wind).
     generation
                                    The commitment to curtail carbon emissions has led to growing investment in renewable power
                                    generation. Countries are planning to use supercritical technology, which has higher levels of fuel
                                    efficiency and lower greenhouse gas emissions.
                                    Countries are actively augmenting capacity through renewable energy sources, namely, wind, solar
                                    photovoltaic and other renewables. Countries such as Germany, France, the UK and Austria have
                                    set targets to generate 30%, 20%, 15% and 34% respectively from renewable sources by
                                    2020/2025. In order to achieve these targets, governments have undertaken several incentives in
                                    the form of tax relief, capital cost grants and subsidies.
                                    It is forecast that renewable sources will increase their share in total installed capacity from 16% in
                                    2010 to 33.5% in 2020 to become the second most important source of power generation in the
                                    region.

                                      Western Europe Power Market (Selected Countries), Cumulative Installed Capacity by
                                      Type, MW, 2000-2020

                                                                              500,000

                                                                              450,000

                                                                              400,000
                                         Cumulative Installed Capacity (MW)




                                                                              350,000

                                                                              300,000

                                                                              250,000

                                                                              200,000

                                                                              150,000

                                                                              100,000

                                                                               50,000

                                                                                   0
                                                                                        2000
                                                                                               2001
                                                                                                      2002
                                                                                                             2003
                                                                                                                    2004
                                                                                                                           2005
                                                                                                                                  2006
                                                                                                                                         2007




                                                                                                                                                              2010
                                                                                                                                                                     2011
                                                                                                                                                                             2012
                                                                                                                                                                                    2013
                                                                                                                                                                                           2014
                                                                                                                                                                                                  2015
                                                                                                                                                2008
                                                                                                                                                       2009




                                                                                                                                                                                                         2016
                                                                                                                                                                                                                2017
                                                                                                                                                                                                                       2018
                                                                                                                                                                                                                              2019
                                                                                                                                                                                                                                     2020




                                                                                                                       Thermal             HydroElectric                    Renewable              Nuclear

                                      Source: GBI Research




Power Market in Western Europe to 2020 - Government                                                                                                                                 GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                                                                                              Page 1
                                                                                                                           © GBI Research. This is a licensed product and is not to be photocopied
                                    Share of Nuclear Power Resources to Go Down in the Total Installed Capacity
     Nuclear power sources          Due to problems of nuclear waste and the threat of potential accidents in nuclear power plants,
     would witness huge             nuclear power witnessed a decline in the last decade. With countries like Germany deciding to
     decrease in capacity in        completely phase out nuclear power, the decline is expected to continue. In Germany, the
     coming decade                  government authorities have decided to decommission all nuclear plants. Furthermore, authorities
                                    reached an agreement with energy firms to limit the operational lives of nuclear power plants to an
                                    average of 32 years, deferring any immediate closures. In countries such as Sweden, the
                                    Netherlands, Spain, Belgium and Switzerland, there are no upcoming projects for nuclear power
                                    generation and will subsequently be no increase in nuclear capacity during the forecast period.
                                    Some of the other countries, such as Austria and Norway, have forbid the construction of nuclear
                                    power plants due to nuclear prohibition laws.
                                    The installed capacity for nuclear sources is expected to exhibit a negative CAGR of 1% during the
                                    forecast period. Its share of the Western Europe power mix will fall from 16.2% in 2010 to 9.8% in
                                    2020.

                                      Western Europe Power Market (Selected Countries), Cumulative Nuclear Installed
                                      Capacity, MW, 2000-2020

                                                                             135,000


                                                                             130,000
                                        Cumulative Installed Capacity (MW)




                                                                             125,000


                                                                             120,000


                                                                             115,000


                                                                             110,000


                                                                             105,000


                                                                             100,000
                                                                                       2000
                                                                                              2001
                                                                                                     2002
                                                                                                            2003
                                                                                                                   2004
                                                                                                                          2005
                                                                                                                                 2006
                                                                                                                                        2007




                                                                                                                                                             2010
                                                                                                                                                                    2011
                                                                                                                                                                           2012
                                                                                                                                                                                  2013
                                                                                                                                                                                         2014
                                                                                                                                                                                                2015
                                                                                                                                               2008
                                                                                                                                                      2009




                                                                                                                                                                                                       2016
                                                                                                                                                                                                              2017
                                                                                                                                                                                                                     2018
                                                                                                                                                                                                                            2019
                                                                                                                                                                                                                                   2020
                                      Source: GBI Research



                                    Germany Maintains its Leadership Position as the Biggest Power Market by Installed
                                    Capacity in Western Europe
                                    Germany is the biggest power market by installed capacity among the Western European countries
                                    with a share of 21.2% of the total installed capacity. France is the second largest market with a
                                    share of 15.9%. It is closely followed by Italy and Spain with respective shares of 14.3% and
                                    13.9%. The UK has a market share of 11.4% and is the fifth largest country by installed capacity.
                                    Power Infrastructure to Expand to Cater to Increasing Demand
                                    With the increasing electricity demand, the transmission network has been put under tremendous
                                    pressure to supply power without any interruptions. To ease the pressure and supply electricity
                                    efficiently, many new transmission projects are currently underway or in the planning stage.
                                    The increasing focus on renewable energy projects and the high growth in this sector will demand a
                                    more robust infrastructural network. Apart from the existing networks, numerous projects to build
                                    transmission networks are either underway or planned.




Power Market in Western Europe to 2020 - Government                                                                                                                               GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                                                                                            Page 2
                                                                                                                          © GBI Research. This is a licensed product and is not to be photocopied
                                    The transmission and distribution networks in Western European countries are currently
                                    undergoing major upgradation; some countries, such as Germany, are looking toward the
                                    implementation of smart grids and smart meters. However, due to high costs, this technology does
                                    not currently hold a strong market position in the Western European region. Smart grid technology
                                    is the new trend in the transmission and distribution sector, where the market requires huge
                                    investment. Emerging technology, such as high temperature superconductivity (HTS) cables, is
                                    likely to influence the transmission and distribution market in a few countries.
                                    Oligopolistic Market Structure in the Western Europe Power Industry
                                    In most of the Western European countries, the major generating capacity is owned by the top
   Most of the Power
                                    three or four companies only. Top power companies contribute 60-90% of the total installed
   markets in Western
                                    capacity.
   European countries have
   Oligopolistic Structure          In France, close to 73% of the installed capacity is owned by the state owned public utility company
                                    Electricité de France (EDF). Similarly, in Belgium, close to 65% of installed capacity is owned by
                                    Electrabel S.A. In other countries, such as Austria, Sweden, Portugal and Italy, the largest power
                                    company contributes a share of 30-80% of the total installed capacity. For other countries such as
                                    the UK, Spain and the Netherlands, more than 50% of the capacity is owned by the top three or
                                    four companies.




Power Market in Western Europe to 2020 - Government                                                      GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                Page 3
                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                    1      Table of Contents
                                    1 Table of Contents ........................................................................................................................ 4
                                      1.1    List of Tables................................................................................................................... 14
                                      1.2    List of Figures ................................................................................................................. 20
                                    2 Introduction ................................................................................................................................ 24
                                      2.1    Methodology Adopted for Ranking the Western European Countries ............................. 24
                                      2.2    Country Level Parameters .............................................................................................. 24
                                         2.2.1    Business Viability..................................................................................................... 24
                                      2.3    Industry Specific Parameters .......................................................................................... 25
                                         2.3.1    Power Generation.................................................................................................... 25
                                         2.3.2    Electrification Ratio .................................................................................................. 25
                                         2.3.3    Consumption Growth Rate ...................................................................................... 26
                                      2.4    Weight Assigned to the Parameters ................................................................................ 27
                                      2.5    Country Selection Methodology ...................................................................................... 28
                                      2.6    GBI Research Report Guidance ..................................................................................... 29
                                    3 Power Market in Western Europe .............................................................................................. 30
                                      3.1    Overview ......................................................................................................................... 30
                                      3.2    Western Europe Power Market, Cumulative Installed Capacity - Overview .................... 30
                                         3.2.1    Cumulative Installed Capacity by Type of Power Plant - Percentage ...................... 32
                                         3.2.2    Top Electricity Markets in Western Europe (Selected Countries), By Installed
                                                  Capacity .................................................................................................................. 33
                                      3.3    Changing Trends in Generation and Consumption in Western Europe .......................... 35
                                    4 Germany, Power Market Analysis to 2020 ................................................................................ 39
                                      4.1    Power Market Overview .................................................................................................. 39
                                         4.1.1    Thermal Power is a Dominant Source in the Total Power Installed Capacity .......... 39
                                         4.1.2    Renewable Power to Become the Leading Source of Generation ........................... 39
                                      4.2    Germany Power Market, Import and Export Scenario ..................................................... 39
                                         4.2.1    Germany Power Market, Total Annual Imports, 2000-2009 ..................................... 40
                                         4.2.2    Germany Power Market, Total Annual Exports, 2000-2009 .................................... 41
                                      4.3    Germany Power Market, Demand and Consumption Scenario....................................... 42
                                      4.4    Germany Power Market, Annual Power Consumption, 2000-2020 ................................. 43
                                      4.5    Germany Power Market, Cumulative Installed Capacity, 2000-2020 .............................. 45
                                         4.5.1    Cumulative Installed Capacity - Total Value ............................................................ 45
                                         4.5.2    Cumulative Installed Capacity by Type of Power Plant - Percentage ...................... 47
                                         4.5.3    Cumulative Thermal Installed Capacity, 2000-2020 ................................................ 48
                                         4.5.4    Cumulative Hydro Installed Capacity, 2000-2020 .................................................... 50
                                         4.5.5    Cumulative Renewable Installed Capacity, 2000-2020 ........................................... 52
                                         4.5.6    Cumulative Nuclear Installed Capacity, 2000-2020 ................................................. 54
                                      4.6    Germany Power Market, Total Power Generation, 2000-2020 ....................................... 56
                                         4.6.1    Germany Power Market, Thermal Power Generation, 2000-2020 ........................... 58
                                         4.6.2    Germany Power Market, Hydro Power Generation, 2000-2020 .............................. 60
                                         4.6.3    Germany Power Market, Renewable Power Generation, 2000-2020 ...................... 62
                                         4.6.4    Germany Power Market, Nuclear Power Generation, 2000-2020............................ 64
                                      4.7    Germany Power Market, Top Active and Upcoming Projects ......................................... 66
                                         4.7.1    Active Power Projects .............................................................................................. 66
                                         4.7.2    Upcoming Power Projects ....................................................................................... 70
                                      4.8    Germany Power Market, Market Share of Major Power Companies ............................... 73
                                      4.9    Germany Power Market, Regulatory Structure ............................................................... 74
                                         4.9.1    Germany Power Market, Regulatory Structure - Overview ...................................... 74
                                         4.9.2    Germany Power Market, Electricity Policies ............................................................ 74
                                         4.9.3    Germany Power Market, Renewable Energy, Major Policies and Incentives .......... 75
                                         4.9.4    Germany Power Market, Initiatives Towards Reducing Greenhouse and Carbon
                                                  Dioxide Emissions ................................................................................................... 76
                                      4.10 Germany Power Market, Infrastructure ........................................................................... 77


Power Market in Western Europe to 2020 - Government                                                                                 GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                                     Page 4
                                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                         4.10.1 Germany Power Market, Infrastructure - Overview.................................................. 77
                                         4.10.2 Germany Power Market, Transmission and Distribution Network ............................ 77
                                         4.10.3 Grid Interconnection ................................................................................................ 78
                                         4.10.4 Future Development Plans ...................................................................................... 79
                                    5 France, Power Market Analysis to 2020 .................................................................................... 80
                                      5.1    Power Market Overview .................................................................................................. 80
                                         5.1.1   Nuclear Power to Remain the Dominant Source for Power Generation .................. 80
                                         5.1.2   Renewable Sources to Emerge as Major Source of Power ..................................... 80
                                      5.2    France Power Market, Import and Export Scenario ........................................................ 80
                                         5.2.1   France Power Market, Total Annual Imports, 2000-2009 ........................................ 80
                                         5.2.2   France Power Market, Total Annual Exports, 2000-2009 ........................................ 82
                                      5.3    France Power Market, Demand and Consumption Scenario .......................................... 83
                                      5.4    France Power Market, Annual Power Consumption, 2000-2020 .................................... 84
                                      5.5    France Power Market, Cumulative Installed Capacity, 2000-2020.................................. 86
                                         5.5.1   Cumulative Installed Capacity - Total Value ............................................................ 86
                                         5.5.2   Cumulative Installed Capacity by Type of Power Plant - Percentage ...................... 88
                                         5.5.3   Cumulative Thermal Installed Capacity, 2000-2020 ................................................ 89
                                         5.5.4   Cumulative Hydro Installed Capacity, 2000-2020 .................................................... 91
                                         5.5.5   Cumulative Renewable Power Installed Capacity, 2000-2020 ................................ 93
                                         5.5.6   Cumulative Nuclear Installed Capacity, 2000-2020 ................................................. 95
                                      5.6    France Power Market, Total Annual Power Generation, 2000-2020 ............................... 97
                                         5.6.1   France Power Market, Annual Thermal Power Generation, 2000-2020 .................. 99
                                         5.6.2   France Power Market, Annual Hydro Power Generation, 2000-2020 .................... 101
                                         5.6.3   France Power Market, Annual Renewable Power Generation, 2000-2020 ........... 103
                                         5.6.4   France Power Market, Annual Nuclear Power Generation, 2000-2020 ................. 105
                                      5.7    France Power Market, Top Active and Upcoming Projects ........................................... 107
                                         5.7.1   Active Power Projects ............................................................................................ 107
                                         5.7.2   Upcoming Power Projects ..................................................................................... 111
                                      5.8    France Power Market, Competitive Landscape ............................................................ 113
                                      5.9    France Power Market, Regulatory Structure ................................................................. 114
                                         5.9.1   France Power Market, Regulatory Structure - Overview ....................................... 114
                                         5.9.2   Deregulation of Electricity Sector........................................................................... 114
                                         5.9.3   Energy Policies ...................................................................................................... 114
                                         5.9.4   Renewable Energy Policies ................................................................................... 114
                                      5.10 France Power Market, Infrastructure ............................................................................. 115
                                         5.10.1 France Power Market, Infrastructure - Overview ................................................... 115
                                         5.10.2 Grid Connectivity and Planned Investments .......................................................... 116
                                    6 Austria, Power Market Analysis to 2020 .................................................................................. 117
                                      6.1    Power Market Overview ................................................................................................ 117
                                         6.1.1   Hydro Power to Remain the Dominant Source for Power Generation ................... 117
                                         6.1.2   Increase in Power Consumption Highest Among Western European Countries. .. 117
                                      6.2    Austria Power Market, Import and Export Scenario ...................................................... 117
                                         6.2.1   Austria Power Market, Total Annual Imports, 2000-2009 ...................................... 117
                                         6.2.2   Austria Power Market, Total Annual Exports, 2000-2009 ...................................... 119
                                      6.3    Austria Power Market, Demand and Consumption Scenario ........................................ 120
                                      6.4    Austria Power Market, Annual Power Consumption, 2000-2020 .................................. 121
                                      6.5    Austria Power Market, Cumulative Installed Capacity, 2000-2020................................ 123
                                         6.5.1   Cumulative Installed Capacity - Total Value .......................................................... 123
                                         6.5.2   Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 125
                                         6.5.3   Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 126
                                         6.5.4   Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 128
                                         6.5.5   Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 130
                                         6.5.6   Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 131
                                      6.6    Austria Power Market, Annual Power Generation, 2000-2020 ...................................... 132
                                         6.6.1   Annual Thermal Power Generation, 2000-2020 .................................................... 134

Power Market in Western Europe to 2020 - Government                                                                          GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                           Page 5
                                                                                   © GBI Research. This is a licensed product and is not to be photocopied
                                         6.6.2   Annual Hydro Power Generation, 2000-2020 ........................................................ 136
                                         6.6.3   Annual Renewable Power Generation, 2000-2020................................................ 138
                                      6.7    Austria Power Market, Top Active and Upcoming Projects ........................................... 140
                                         6.7.1   Active Power Projects ............................................................................................ 140
                                         6.7.2   Upcoming Power Projects ..................................................................................... 143
                                      6.8    Austria Power Market, Market Share of Major Power Companies ................................ 145
                                      6.9    Austria Power Market, Regulatory Structure ................................................................. 146
                                         6.9.1   Austria Power Market, Regulatory Structure - Overview ....................................... 146
                                         6.9.2   Austria Power Market, Energy Policies .................................................................. 146
                                         6.9.3   Austria Power Market, Renewable Energy Policies ............................................... 146
                                         6.9.4   Austria Power Market, Carbon Dioxide Emission Reduction Measures ................ 147
                                      6.10 Austria Power Market, Infrastructure ............................................................................. 147
                                         6.10.1 Austria Power Market, Infrastructure - Overview ................................................... 147
                                         6.10.2 Grid Interconnection .............................................................................................. 147
                                         6.10.3 Distribution Overview ............................................................................................. 148
                                         6.10.4 Future Development Plans .................................................................................... 148
                                    7 The UK, Power Market Analysis to 2020 ................................................................................. 149
                                      7.1    Power Market, Overview ............................................................................................... 149
                                         7.1.1   Investment in Nuclear Power Projects ................................................................... 149
                                         7.1.2   Lowest Growth in Power Consumption of Western European Countries ............... 149
                                         7.1.3   Expansion of Power Infrastructure ......................................................................... 149
                                      7.2    The UK Power Market, Import and Export Scenario ..................................................... 150
                                         7.2.1   The UK Power Market, Total Annual Imports, 2000-2009 ..................................... 150
                                         7.2.2   The UK Power Market, Total Annual Exports, 2000-2009 ..................................... 151
                                      7.3    The UK Power Market, Demand and Consumption Scenario ....................................... 152
                                      7.4    The UK Power Market, Power Consumption, 2000-2020 ............................................. 153
                                      7.5    The UK Power Market, Cumulative Installed Capacity, 2000-2020............................... 155
                                         7.5.1   Cumulative Installed Capacity - Total Value .......................................................... 155
                                         7.5.2   Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 157
                                         7.5.3   Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 158
                                         7.5.4   Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 160
                                         7.5.5   Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 162
                                         7.5.6   Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 164
                                      7.6    The UK Power Market, Power Generation, 2000-2020 ................................................. 166
                                         7.6.1   Thermal Power Generation, 2000-2020 ................................................................ 168
                                         7.6.2   Hydro Power Generation, 2000-2020 .................................................................... 170
                                         7.6.3   Renewable Power Generation, 2000-2020............................................................ 172
                                         7.6.4   Nuclear Power Generation, 2000-2020 ................................................................. 174
                                      7.7    The UK Power Market, Top Active and Upcoming Projects .......................................... 176
                                         7.7.1   Active Power Projects ............................................................................................ 176
                                         7.7.2   Upcoming Power Projects ..................................................................................... 179
                                      7.8    The UK Power Market, Market Share of Major Power Generating Companies............. 182
                                      7.9    The UK Power Market, Regulatory Structure ................................................................ 183
                                         7.9.1   The UK Power Market, Regulatory Structure - Overview ...................................... 183
                                         7.9.2   The UK Power Market, Budget for Industrial Carbon Footprint Reduction ............ 183
                                         7.9.3   The UK Power Market, Renewable Energy, Major Policies and Incentives ........... 183
                                         7.9.4   The UK Power Market, Nuclear Energy, Policies for the Future ............................ 183
                                         7.9.5   The UK Power Market, Thermal Energy, Carbon Capture and Storage (CCS)
                                                 Technology ............................................................................................................ 184
                                      7.10 The UK Power Market, Infrastructure ............................................................................ 184
                                         7.10.1 The UK Power Market, Infrastructure - Overview .................................................. 184
                                         7.10.2 Grid Interconnection .............................................................................................. 184
                                         7.10.3 The UK Power Market, Key Regulatory Authorities for Energy Infrastructure Projects
                                                     .......................................................................................................................... 185
                                         7.10.4 Future Development Plans .................................................................................... 186


Power Market in Western Europe to 2020 - Government                                                                               GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                                  Page 6
                                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                    8 Sweden, Power Market Analysis to 2020 ................................................................................ 187
                                      8.1    Power Market Overview ................................................................................................ 187
                                         8.1.1   Sweden Power Market, Change of Power Mix ...................................................... 187
                                         8.1.2   Continued Growth in Power Generation ................................................................ 187
                                      8.2    Sweden Power Market, Import and Export Scenario .................................................... 187
                                         8.2.1   Sweden Power Market, Total Annual Imports, 2000-2009 .................................... 187
                                         8.2.2   Sweden Power Market, Total Annual Exports, 2000-2009 .................................... 189
                                      8.3    Sweden Power Market, Demand and Consumption Scenario ...................................... 190
                                      8.4    Sweden Power Market, Annual Power Consumption, 2000-2020................................. 191
                                      8.5    Sweden Power Market, Cumulative Installed Capacity, 2000-2020 .............................. 193
                                         8.5.1   Cumulative Installed Capacity - Total Value .......................................................... 193
                                         8.5.2   Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 195
                                         8.5.3   Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 196
                                         8.5.4   Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 198
                                         8.5.5   Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 200
                                         8.5.6   Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 202
                                      8.6    Sweden Power Market, Annual Power Generation, 2000-2020 .................................... 204
                                         8.6.1   Annual Thermal Power Generation, 2000-2020 .................................................... 206
                                         8.6.2   Annual Hydro Power Generation, 2000-2020 ........................................................ 208
                                         8.6.3   Annual Renewable Power Generation, 2000-2020................................................ 210
                                         8.6.4   Sweden Power Market, Nuclear Power Generation, 2000-2020 ........................... 212
                                      8.7    Sweden Power Market, Top Active and Upcoming Projects ......................................... 214
                                         8.7.1   Active Power Projects ............................................................................................ 214
                                         8.7.2   Upcoming Power Projects ..................................................................................... 216
                                      8.8    Sweden Power Market, Market Shares of the Major Power Companies ....................... 218
                                      8.9    Sweden Power Market, Regulatory Structure ............................................................... 219
                                         8.9.1   Sweden Power Market, Regulatory Structure - Overview ...................................... 219
                                         8.9.2   Sweden Power Market, Renewable Energy Policies ............................................. 219
                                         8.9.3   New Proposed Developments on Sustainable Energy and Climate Policy ............ 220
                                         8.9.4   Sweden Power Market, Energy Efficiency Measures ............................................ 220
                                      8.10 Sweden Power Market, Infrastructure ........................................................................... 221
                                         8.10.1 Sweden Power Market, Infrastructure - Overview ................................................. 221
                                         8.10.2 Grid Interconnection .............................................................................................. 221
                                         8.10.3 Future Development Plans .................................................................................... 221
                                    9 Norway, Power Market Analysis to 2020 ................................................................................. 223
                                      9.1    Power Market Overview ................................................................................................ 223
                                         9.1.1   Hydro Power to Remain the Dominant Source for Power Generation ................... 223
                                         9.1.2   Renewable Energy Sources to Become One of the Major Sources of Power ....... 223
                                      9.2    Norway Power Market, Import and Export Scenario ..................................................... 223
                                         9.2.1   Norway Power Market, Total Annual Imports, 2000-2009 ..................................... 224
                                         9.2.2   Norway Power Market, Total Annual Exports, 2000-2009 ..................................... 225
                                      9.3    Norway Power Market, Demand and Consumption Scenario ....................................... 226
                                      9.4    Norway Power Market, Annual Power Consumption, 2000-2020 ................................. 227
                                      9.5    Norway Power Market, Cumulative Installed Capacity, 2000-2020............................... 229
                                         9.5.1   Cumulative Installed Capacity - Total Value .......................................................... 229
                                         9.5.2   Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 231
                                         9.5.3   Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 232
                                         9.5.4   Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 234
                                         9.5.5   Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 236
                                         9.5.6   Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 237
                                      9.6    Norway Power Market, Annual Power Generation, 2000-2020 ..................................... 238
                                         9.6.1   Annual Thermal Power Generation, 2000-2020 .................................................... 240
                                         9.6.2   Annual Hydro Power Generation, 2000-2020 ........................................................ 242
                                         9.6.3   Annual Renewable Power Generation, 2000-2020................................................ 244
                                      9.7    Norway Power Market, Top Active and Upcoming Projects .......................................... 246

Power Market in Western Europe to 2020 - Government                                                                        GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                       Page 7
                                                                                  © GBI Research. This is a licensed product and is not to be photocopied
                                          9.7.1    Active Power Projects ............................................................................................ 246
                                          9.7.2    Upcoming Power Projects ..................................................................................... 247
                                       9.8    Norway Power Market, Market Shares of the Major Power Companies by Cumulative
                                              Installed Capacity, 2010 ................................................................................................ 250
                                       9.9    Norway Power Market, Regulatory Structure ................................................................ 251
                                          9.9.1    Norway Power Market, Regulatory Structure - Overview ...................................... 251
                                          9.9.2    Norway Power Market, Renewable Energy Policies .............................................. 251
                                          9.9.3    White Paper on National Climate Policy, 2007 ...................................................... 251
                                          9.9.4    Legislation on Offshore Renewable Energy Production ........................................ 252
                                          9.9.5    The EU 7th Framework Program for Research ..................................................... 252
                                       9.10 Norway Power Market, Infrastructure ............................................................................ 253
                                          9.10.1 Norway Power Market, Infrastructure - Overview .................................................. 253
                                          9.10.2 Grid Interconnection .............................................................................................. 253
                                          9.10.3 Future Development Plans .................................................................................... 253
                                    10 The Netherlands, Power Market Analysis to 2020 ................................................................... 255
                                       10.1 Power Market Overview ................................................................................................ 255
                                          10.1.1 Thermal Fuel Sources to Continue as the Dominant Source for Power Generation ....
                                                      .......................................................................................................................... 255
                                          10.1.2 Increasing Focus on Carbon Capture and Storage Projects ................................. 255
                                          10.1.3 Expansion of Power Infrastructure ......................................................................... 255
                                       10.2 The Netherlands Power Market, Import and Export Scenario ....................................... 255
                                          10.2.1 The Netherlands Power Market, Total Annual Imports, 2000-2009 ....................... 256
                                          10.2.2 The Netherlands Power Market, Total Annual Exports, 2000-2009 ....................... 257
                                       10.3 The Netherlands Power Market, Demand and Consumption Scenario ......................... 258
                                       10.4 The Netherlands Power Market, Annual Power Consumption, 2000-2020 ................... 259
                                       10.5 The Netherlands Power Market, Cumulative Installed Capacity, 2000-2020 ................ 261
                                          10.5.1 Cumulative Installed Capacity - Total Value .......................................................... 261
                                          10.5.2 Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 263
                                          10.5.3 Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 264
                                          10.5.4 Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 266
                                          10.5.5 Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 268
                                          10.5.6 Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 270
                                       10.6 The Netherlands Power Market, Power Generation, 2000-2020................................... 272
                                          10.6.1 Thermal Power Generation, 2000-2020 ................................................................ 274
                                          10.6.2 Hydro Power Generation, 2000-2020 .................................................................... 276
                                          10.6.3 Renewable Power Generation, 2000-2020............................................................ 278
                                          10.6.4 Nuclear Power Generation, 2000-2020 ................................................................. 280
                                       10.7 The Netherlands Power Market, Top Active and Upcoming Projects ............................ 282
                                          10.7.1 Active Power Projects ............................................................................................ 282
                                          10.7.2 Upcoming Power Projects ..................................................................................... 284
                                       10.8 The Netherlands Power Market, Market Share of Major Power Companies ................. 286
                                       10.9 The Netherlands Power Market, Regulatory Structure .................................................. 287
                                          10.9.1 The Netherlands Power Market, Regulatory Structure - Overview ........................ 287
                                          10.9.2 The Netherlands Power Market, Carbon Capture and Storage Projects ............... 287
                                          10.9.3 The Netherlands Power Market, Renewable Energy, Policies for the Future ........ 287
                                          10.9.4 Emission Trading ................................................................................................... 288
                                       10.10 The Netherlands Power Market, Infrastructure ............................................................. 288
                                          10.10.1 The Netherlands Power Market, Infrastructure - Overview .................................... 288
                                          10.10.2 Grid Interconnection .............................................................................................. 288
                                          10.10.3 The Netherlands Power Market, Transmission and Distribution Network .............. 288
                                          10.10.4 Future Developments Plans .................................................................................. 289
                                    11 Spain, Power Market Analysis to 2020 .................................................................................... 290
                                       11.1 Power Market Overview ................................................................................................ 290
                                          11.1.1 Wind Energy is the Key Source for Renewable Power Generation ....................... 290
                                          11.1.2 Continued Growth in Power Generation ................................................................ 290


Power Market in Western Europe to 2020 - Government                                                                                GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                                   Page 8
                                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                       11.2 Spain Power Market, Import and Export Scenario ........................................................ 290
                                          11.2.1 Spain Power Market, Total Annual Imports, 2000-2009 ........................................ 290
                                          11.2.2 Spain Power Market, Total Annual Exports, 2000-2009 ........................................ 292
                                       11.3 Spain Power Market, Demand and Consumption Scenario .......................................... 293
                                       11.4 Spain Power Market, Annual Power Consumption, 2000-2020 .................................... 294
                                       11.5 Spain Power Market, Cumulative Installed Capacity, 2000-2020.................................. 296
                                          11.5.1 Cumulative Installed Capacity - Total Value .......................................................... 296
                                          11.5.2 Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 298
                                          11.5.3 Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 299
                                          11.5.4 Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 301
                                          11.5.5 Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 303
                                          11.5.6 Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 305
                                       11.6 Spain Power Market, Annual Power Generation, 2000-2020 ........................................ 307
                                          11.6.1 Annual Thermal Power Generation, 2000-2020 .................................................... 309
                                          11.6.2 Annual Hydro Power Generation, 2000-2020 ........................................................ 311
                                          11.6.3 Annual Renewable Power Generation, 2000-2020................................................ 313
                                          11.6.4 Annual Nuclear Power Generation, 2000-2020 ..................................................... 315
                                       11.7 Spain Power Market, Top Active and Upcoming Projects ............................................. 317
                                          11.7.1 Active Power Projects ............................................................................................ 317
                                          11.7.2 Upcoming Power Projects ..................................................................................... 321
                                       11.8 Spain Power Market, Market Share of the Major Power Companies ............................ 324
                                       11.9 Spain Power Market, Regulatory Structure ................................................................... 325
                                          11.9.1 Spain Power Market, Regulatory Structure - Overview ......................................... 325
                                          11.9.2 Spain Power Market, Energy Policies .................................................................... 325
                                          11.9.3 Spain Power Market, Renewable Energy Policies ................................................. 325
                                          11.9.4 Spain Power Market, Energy Taxation .................................................................. 326
                                       11.10 Spain Power Market, Infrastructure ............................................................................... 327
                                          11.10.1 Spain Power Market, Infrastructure - Overview ..................................................... 327
                                          11.10.2 Spain Power Market, Transmission and Distribution Network ............................... 327
                                          11.10.3 Future Development Plans .................................................................................... 327
                                    12 Belgium, Power Market Analysis to 2020 ................................................................................ 328
                                       12.1 Power Market Overview ................................................................................................ 328
                                          12.1.1 Thermal Power is the Dominant Source in the Power Mix ..................................... 328
                                          12.1.2 Extension in Nuclear Phase-Out............................................................................ 328
                                       12.2 Belgium Power Market, Import and Export Scenario .................................................... 328
                                          12.2.1 Belgium Power Market, Total Annual Imports, 2000-2009 .................................... 328
                                          12.2.2 Belgium Power Market, Total Annual Exports, 2000-2009 .................................... 330
                                       12.3 Belgium Power Market, Demand and Consumption Scenario ...................................... 331
                                       12.4 Belgium Power Market, Annual Power Consumption, 2000-2020................................. 332
                                       12.5 Belgium Power Market, Cumulative Installed Capacity, 2000-2020 .............................. 334
                                          12.5.1 Cumulative Installed Capacity - Total Value .......................................................... 334
                                          12.5.2 Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 336
                                          12.5.3 Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 337
                                          12.5.4 Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 339
                                          12.5.5 Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 341
                                          12.5.6 Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 343
                                       12.6 Belgium Power Market, Annual Power Generation, 2000-2020 .................................... 345
                                          12.6.1 Annual Thermal Power Generation, 2000-2020 .................................................... 347
                                          12.6.2 Annual Hydro Power Generation, 2000-2020 ........................................................ 349
                                          12.6.3 Annual Renewable Power Generation, 2000-2020................................................ 351
                                          12.6.4 Annual Nuclear Power Generation, 2000-2020 ..................................................... 353
                                       12.7 Belgium Power Market, Top Active and Upcoming Projects ......................................... 355
                                          12.7.1 Active Power Projects ............................................................................................ 355
                                          12.7.2 Upcoming Power Projects ..................................................................................... 358
                                       12.8 Belgium Power Market, Market Share of the Major Power Companies ........................ 360

Power Market in Western Europe to 2020 - Government                                                                        GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                       Page 9
                                                                                  © GBI Research. This is a licensed product and is not to be photocopied
                                       12.9 Belgium Power Market, Regulatory Structure ............................................................... 361
                                          12.9.1 Belgium Power Market, Regulatory Structure - Overview ...................................... 361
                                          12.9.2 Belgium Power Market, Laws ................................................................................ 361
                                          12.9.3 Belgium Power Market, Nuclear Policy .................................................................. 362
                                          12.9.4 Belgium Power Market, Green Certificates ............................................................ 362
                                       12.10 Belgium Power Market - Infrastructure .......................................................................... 363
                                          12.10.1 Belgium Power Market, Infrastructure - Overview ................................................. 363
                                          12.10.2 Distribution Overview ............................................................................................. 363
                                          12.10.3 Grid Development.................................................................................................. 363
                                          12.10.4 Future Development Plans .................................................................................... 364
                                    13 Switzerland, Power Market Analysis to 2020 ........................................................................... 365
                                       13.1 Power Market Overview ................................................................................................ 365
                                          13.1.1 Hydro Power to Remain the Dominant Source for Power Generation ................... 365
                                          13.1.2 Continued Growth in Power Consumption ............................................................. 365
                                       13.2 Switzerland Power Market, Import and Export Scenario ............................................... 365
                                          13.2.1 Switzerland Power Market, Total Annual Imports, 2000-2009 ............................... 365
                                          13.2.2 Switzerland Power Market, Total Annual Exports, 2000-2009 ............................... 367
                                       13.3 Switzerland Power Market, Demand and Consumption Scenario ................................. 368
                                       13.4 Switzerland Power Market, Annual Power Consumption, 2000-2020 ........................... 369
                                       13.5 Switzerland Power Market, Cumulative Installed Capacity, 2000-2020 ........................ 371
                                          13.5.1 Cumulative Installed Capacity - Total Value .......................................................... 371
                                          13.5.2 Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 373
                                          13.5.3 Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 374
                                          13.5.4 Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 376
                                          13.5.5 Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 378
                                          13.5.6 Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 380
                                       13.6 Switzerland Power Market, Annual Power Generation, 2000-2020 .............................. 382
                                          13.6.1 Annual Thermal Power Generation, 2000-2020 .................................................... 384
                                          13.6.2 Annual Hydro Power Generation, 2000-2020 ........................................................ 386
                                          13.6.3 Annual Renewable Power Generation, 2000-2020................................................ 388
                                          13.6.4 Annual Nuclear Power Generation, 2000-2020 ..................................................... 390
                                       13.7 Switzerland Power Market, Top Active and Upcoming Projects .................................... 392
                                          13.7.1 Active Power Projects ............................................................................................ 392
                                          13.7.2 Upcoming Power Projects ..................................................................................... 395
                                       13.8 Switzerland Power Market, Market Share of the Major Power Companies ................... 398
                                       13.9 Switzerland Power Market, Regulatory Structure.......................................................... 399
                                          13.9.1 Switzerland Power Market, Regulatory Structure - Overview ................................ 399
                                          13.9.2 Switzerland Power Market, Market Liberalization .................................................. 399
                                          13.9.3 Switzerland Power Market, Renewable Energy Development and Energy Efficiency .
                                                     .......................................................................................................................... 399
                                          13.9.4 Switzerland Power Market, Nuclear Policy ............................................................ 400
                                       13.10 Switzerland Power Market, Infrastructure ..................................................................... 400
                                          13.10.1 Switzerland Power Market, Infrastructure - Overview ............................................ 400
                                          13.10.2 Market Liberalization and Grid Interconnections .................................................... 401
                                          13.10.3 Distribution Overview ............................................................................................. 401
                                          13.10.4 Future Development Plans .................................................................................... 401
                                    14 Portugal, Power Market Analysis to 2020 ................................................................................ 402
                                       14.1 Power Market Overview ................................................................................................ 402
                                          14.1.1 Portugal Power Market, Change of Power Mix ...................................................... 402
                                          14.1.2 Increasing Focus on Carbon Capture and Storage Projects ................................. 402
                                       14.2 Portugal Power Market, Import and Export Scenario .................................................... 402
                                          14.2.1 Portugal Power Market, Total Annual Imports, 2000-2009 .................................... 402
                                          14.2.2 Portugal Power Market, Total Annual Exports, 2000-2009 .................................... 404
                                       14.3 Portugal Power Market, Demand and Consumption Scenario ...................................... 405
                                       14.4 Portugal Power Market, Annual Power Consumption, 2000-2020 ................................ 406

Power Market in Western Europe to 2020 - Government                                                                               GBIPE0013MR /Published JUN 2011
Policies Downplaying the Nuclear Energy Industry and
Spurring the Growth of Renewable Energy                                                                                                                                Page 10
                                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                       14.5 Portugal Power Market, Cumulative Installed Capacity, 2000-2020 ............................. 408
                                          14.5.1 Cumulative Installed Capacity - Total Value .......................................................... 408
                                          14.5.2 Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 410
                                          14.5.3 Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 411
                                          14.5.4 Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 413
                                          14.5.5 Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 415
                                          14.5.6 Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 416
                                       14.6 Portugal Power Market, Annual Power Generation, 2000-2020.................................... 417
                                          14.6.1 Annual Thermal Power Generation, 2000-2020 .................................................... 419
                                          14.6.2 Annual Hydro Power Generation, 2000-2020 ........................................................ 421
                                          14.6.3 Annual Renewable Power Generation, 2000-2020................................................ 423
                                          14.6.4 Annual Nuclear Power Generation, 2000-2020 ..................................................... 425
                                       14.7 Portugal Power Market, Top Active and Upcoming Projects ......................................... 425
                                          14.7.1 Active Power Projects ............................................................................................ 425
                                          14.7.2 Upcoming Power Projects ..................................................................................... 427
                                       14.8 Portugal Power Market, Market Share of the Major Power Companies ........................ 429
                                       14.9 Portugal Power Market, Regulatory Structure ............................................................... 430
                                          14.9.1 Portugal Power Market, Regulatory Structure - Overview ..................................... 430
                                          14.9.2 Portugal Power Market, Carbon Capture and Storage Projects ............................ 430
                                          14.9.3 Portugal Power Market, Renewable Energy, Policies for the Future ..................... 430
                                          14.9.4 Emission Trading ................................................................................................... 431
                                       14.10 Portugal Power Market, Infrastructure .......................................................................... 431
                                          14.10.1 Portugal Power Market, Infrastructure - Overview ................................................. 431
                                          14.10.2 Portugal Power Market, Transmission and Distribution Network ........................... 431
                                          14.10.3 Grid Interconnection .............................................................................................. 431
                                          14.10.4 Future Development Plans .................................................................................... 432
                                    15 Italy, Power Market Analysis to 2020 ....................................................................................... 433
                                       15.1 Power Market Overview ................................................................................................ 433
                                          15.1.1 Thermal Fuel Sources to Continue as the Dominant Source for Power Generation ....
                                                     .......................................................................................................................... 433
                                          15.1.2 Renewable Energy to Become the Key Resource for Power Generation .............. 433
                                       15.2 Italy Power Market, Import and Export Scenario ........................................................... 433
                                          15.2.1 Italy Power Market, Total Annual Imports, 2000-2009 ........................................... 433
                                          15.2.2 Italy Power Market, Total Annual Exports, 2000-2009........................................... 435
                                       15.3 Italy Power Market, Demand and Consumption Scenario ............................................. 436
                                       15.4 Italy Power Market, Annual Power Consumption, 2000-2020 ....................................... 437
                                       15.5 Italy Power Market, Cumulative Installed Capacity, 2000-2020 .................................... 439
                                          15.5.1 Cumulative Installed Capacity - Total Value .......................................................... 439
                                          15.5.2 Cumulative Installed Capacity by Type of Power Plant - Percentage .................... 441
                                          15.5.3 Cumulative Thermal Installed Capacity, 2000-2020 .............................................. 442
                                          15.5.4 Cumulative Hydro Installed Capacity, 2000-2020 .................................................. 444
                                          15.5.5 Cumulative Renewable Installed Capacity, 2000-2020 ......................................... 446
                                          15.5.6 Cumulative Nuclear Installed Capacity, 2000-2020 ............................................... 447
                                       15.6 Italy Power Market, Annual Power Generation, 2000-2020 .......................................... 448
                                          15.6.1 Annual Thermal Power Generation, 2000-2020 .................................................... 450
                                          15.6.2 Annual Hydro Power Generation, 2000-2020 ........................................................ 452
                                          15.6.3 Annual Renewable Power Generation, 2000-2020................................................ 454
                                          15.6.4 Annual Nuclear Power Generation, 2000-2020 ..................................................... 455
                                       15.7 Italy Power Market, Top Active and Upcoming Projects ............................................... 456
                                          15.7.1 Active Power Projects ............................................................................................ 456
                                          15.7.2 Upcoming Power Projects ............................
				
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Description: Power Market in Western Europe to 2020 - Government Policies Downplaying the Nuclear Energy Industry and Spurring the Growth of Renewable Energy Summary GBI Research’s report, “Power Market in Western Europe to 2020 - Government Policies Downplaying the Nuclear Energy Industry and Spurring the Growth of Renewable Energy” provides an in-depth analysis of the power market of the top 12 Western European countries (France, Germany, Austria, The United Kingdom, Spain, The Netherlands, Switzerland, Sweden, Norway, Italy, Portugal and Belgium). The report provides deep insights and emerging trends in the power market for each country, with detailed forecast of the installed capacity and generation by thermal, hydro, renewable (solar PV, biomass, wind etc.) and nuclear sources up to 2020. It also provides the annual import, export, sector wide demand scenario for all the countries along with the forecasts for annual power consumption. The research also analyzes their competitive structure, regulatory framework and the infrastructure of power sectors in these countries. The report, also discusses elaborate information on active and upcoming power plants in the countries, provides a comprehensive understanding of the 12 Western Europe power markets. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. According to GBI Research, the government policies and incentives will have major impact on the growth of the Western Europe power market. The pressure to curtail the carbon emissions will lead to the growing investments in renewable power sector. The countries are actively augmenting its capacity through renewable energy sources, namely, wind, solar photovoltaic and others. Among the renewable energy sources, wind energy is the major source and would attract large scale investments in future. On the other hand, the nuclear power industry will
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