Green Energy

Vision Shopsters – Green Energy in the UK: Renewable sources, drivers, legislation, capacity growth and the future outlook

Renewable energy generates close to 2% of electricity in UK. In 2008, UK’s electricity generation totaled 389,650GWh, a decrease of 1.9% over 2007. During 2004–08, UK’s electricity generation decreased at CAGR of 0.3% mainly on account of financial crisis. At a national level, the ‘UK Renewable Energy Strategy’ (2009) suggests that the UK’s electricity generation from renewables would be more than 30% by 2020. UK’s renewable energy industry is driven by government incentives and mandates. The UK’s electricity market for renewables is driven by Feed-in Tariff system and the Renewable Obligation.
This report documents the growth of the UK renewable energy market, showing its current status and projecting where it is likely to grow to in the foreseeable future.
This document gathers the statistical data on the different types of energy generation, combines and contrasts them against each other to show the clear leaders, drivers to change and future growth.

To know more about this report please visit : Green Energy in the UK: Renewable sources, drivers, legislation, capacity growth and the future outlook

Key features of this report

• Overview of the UK electricity market with focus on renewable energy. Analysis of energy type volumes, capacity installed, and generation output in the UK.
• Growth of renewables – installed capacity and generation, government mandates and incentives, and comparative economics.
• Information and analysis by renewable energy sector – wind, solar, biomass, hydro, and geothermal.
• Installed capacity and generation, global comparison, key players, economics, drivers, resistors, and outlook for each renewable energy sector.
• Outlook for overall UK energy supply with future outlook.

Scope of this report

• Achieve a quick and comprehensive understanding of how UK market trends and legislation are influencing the development of the renewable energy market.
• Assess the emerging trends in renewable energy technology – wind, biomass, hydropower, solar, geothermal, and biofuels – capacity and generation.
• Quantify value and volume growth potential in UK electricity market and in energy generation technology type.
• Understand the major issues affecting general electricity market and renewable electricity in particular.
• Predict the key growth areas in the UK renewable energy industry.

Key Market Issues

• EU Emission Reduction Targets: Historically, the EU’s emission reduction targets are the primary drivers for implementation of policies that encouraged usage of renewable energy in the EU member states. The EU’s directive on reducing GHG emissions through increased usage of renewable energy is expected to be met at individual country-level through their own policies.
• Renewable Energy Incentives and Mandates: In order to meet the emission reduction target laid out in the EU directive, UK adopted its own national climate action plan. The UK Renewable Energy Strategy’ (2009) suggests that the UK’s electricity generation from renewables would be more than 30% by 2020.
• Political Support: UK’s new coalition government has promised renewable initiatives under a new energy bill. The UK aims at creation of a green investment bank that would loan individual households the money to invest in carbon-reducing measures, including insulation.
• Energy Efficiency: UK’ energy policy is governed by twin objectives of reducing energy demand through energy efficiency measures and converting its generation fleet into a cleaner one.

Key findings from this report

• Given mounting fiscal deficit, UK’s new collation government has put an end to low-carbon buildings program grants. The UK government is to introduce the Renewable Heat Incentive (RHI) scheme from April 2011. This is expected top cover heat pumps, solar thermal, biomass boilers, renewable CHP. The UK government plans to increase its renewable electric power generation to 30% by 2020.
• Wind Power is the second largest renewable energy source in the UK after biomass. UK has set a target to increase its installed wind power capacity to 28GW by 2020 of which 14GW would be onshore and 14GW would be offshore.
• In 2010, the government of UK took initiatives to expand solar power sector by encouraging new developments in solar technologies and announcing feed-in tariffs for solar power.
• In 2008, biomass shared largest contribution of 43.1% in total generation of electricity from renewables (21,597GWh). Biomass is the UK’s largest green energy resource. The nation’s biomass resource potential is at an estimated 20 million tons per annum. By 2020, UK could witness commercialization of cogeneration (i.e. Combining Heat and Power or CHP) using biomass.

Key questions answered

• 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 is the policy framework governing the renewable energy market?
• Which renewable energy technology types are likely to grow strongly?
• What is the potential of various renewable energy technologies?

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