Wind Energy - Sweden - Sample

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The wind power market in Sweden has strong potential for growth among other sources of power in renewable energy space. Government initiatives and strong potential for wind power generation has played …

The wind power market in Sweden has strong potential for growth among other sources of power in renewable energy space. Government initiatives and strong potential for wind power generation has played a strong role in attracting investments in this segment. Growing demand for green energy and the targets set for electricity generation through wind power are expected to boost the market.

The report begins with an overview of the wind power industry in the European Union indicating the installed capacity, growth and the electricity generated as well as the future growth expected in the market. Sweden’s current and future wind power scenario has been covered including installed capacity, electricity production mix and the forecasted growth based on energy targets. An analysis of drivers explains factors contributing to the huge potential based on the geographical advantages, policies discouraging conventional energy use, Green Certificate System, cost considerations and EU directives. The key challenges identified include legislative shortcomings, negative externalities and weakening of the Swedish crown.

The major government programmes and initiatives forwarded towards the development of the industry including Electricity Certificates, climate and energy policy, programme supporting technical development, Vindforsk programme, grants for research and development in the field of wind energy have been discussed.

Competition section profiles of the major players in the market. The section contains a snapshot of the corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.

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  • 1. Wind Energy - Sweden September - 2009
  • 2. Executive Summary Sweden has a liberalized electricity market since 19-- In 20--, installed capacity was at XX MW Market Plan on generating U TWh from wind power by 20- - Wind energy potential is estimated to be ~V TWh/year LE Drivers: Geographical advantages, policies discouraging conventional energy use, Green Drivers & Certificate System, cost considerations and EU directives Challenges P Challenges: Legislative shortcomings, negative externalities and weakening of the Swedish crown M Electricity Certificates – A fixed quota based system for renewable electricity generation Government SA Climate and Energy Policy – Towards increasing total energy consumption via renewable energy Programmes supporting technical development – Funding projects to enhance offshore wind technology Vindforsk Programme – Analyzing shortcomings in wind farm applications procedures and grid Initiatives capacity. Developing cost effective wind power plants and design. Grants for R&D – Aimed at environmental sustainability, purchase of technology and development programmes prior to market entry Other initiatives are aimed at developing technical expertise, providing financial incentives and streamlining the legislative process The market comprises of a many players in the utility, turbine manufacturing and consultancy space Competition Major Players – Company 1, Company 2 and Company 3 WIND ENERGY – SWEDEN.PPT 2
  • 3. •Market Overview •Drivers & Challenges •Government Regulations •Competition •Key Developments WIND ENERGY – SWEDEN.PPT 3
  • 4. Sweden’s liberalized energy market provides strong opportunities for players in the wind energy sector Overview Installed Wind Energy Capacity • Sweden liberalized its electricity market in 19- -, MW opening both electricity trading and electricity 1,200 G production to competition 1,000 LE u% F • Established a planning framework of U TWh from 800 P wind power by 20 -- 600 D E C V TWh on land and W TWh offshore B A M 400 • The wind energy potential in Sweden is estimated to A 200 be ~X TWh/year S 0 2002 2003 2004 2005 2006 2007 2008 Future Wind Energy Outlook Electricity Production Mix TWh • Sweden has the highest renewable energy target, by Z2 160 Z1 Z4 Z5 20-- , of all EU member countries u1% u2% Z3 u4% u5% Wind 140 u3% Account for b% of final consumption of energy Hydro 120 v1% v2% • Targeted capacity stands at T MW in 20 -- and XX – v3% 45%v4% v5% Nuclear 100 YYMW by 20-- Biofuel 80 Others • Under existing legislation 60 w1% w2% w4% Generation will reach LTWh by 20-- 40 w3% w5% • Changes in legislation will lead to the target 20 x1% y1% x2% y2% x3% y3% x4% y4% x5% y5% generation by 2020 0 2004 2005 2006 2007 2008 Source: WIND ENERGY – SWEDEN.PPT 4
  • 5. Drivers and challenges Drivers Challenges Geographical advantages Legislative shortcomings Policies towards discouraging the use of conventional energy sources Negative externalities Green Certificate System Weakening of the Swedish crown Cost considerations EU directives WIND ENERGY – SWEDEN.PPT 5
  • 6. Government Initiatives Electricity Certificates Climate and Energy Policy Programmes Supporting Technical Development Key Initiatives ` Vindforsk Programme Grants for research and development in the field of wind energy Other developments WIND ENERGY – SWEDEN.PPT 6
  • 7. Government Initiative (3/7) Programmes Supporting Technical Development • In 20--, the Swedish Energy Agency launched a program to support technical development for large-scale offshore Inception and plants and plants in artic areas Purpose • The aim was to stimulate the market, achieve cost reduction, and gain knowledge about environmental effects from wind power offshore and in the arctic areas • Over 20-- -20--, the budget was USD XX mn Investment • The budget sanction over 20-- - -- stands at USD YY mn Estimated production and estimated year of Project Recipient Company Support (USD mn) Location operation Project 1 Company 1 U Offshore A GWh; operating since 20-- Project 2 Company 2 V Offshore B GWh; planned for 20-- but recently postponed Largest Swedish Project 3 Company 3 W C GWh; planned for full operation in20-- lake Onshore Project 4 Company 4 X D GWh artic Project 5 Company 5 Y Offshore No production. Only development program Project 6 Company 6 Z NA No production. Only development program Source: WIND ENERGY – SWEDEN.PPT 7
  • 8. Players in the Market (1/15) Company Snapshot: Company 1 Corporate Information Financial Performance Headquarters Hassleholm Revenue Revenue Profit LE USD mn Profit / Loss USD mn Founded 19-- 80 12 D P Planning of wind power plants, 10 Area of Expertise management of wind power installations 60 C 8 M and consultancy 40 6 A B XX – Chairman 4 Key People 20 S YY - CEO A 2 0 0 2005 2006 2007 2008 Business Highlights • Plans on establishing U turbines in 20-- at an investment of USD ZZ mn • Planned constructions include • v wind turbines in W, which is expected to start by 20--; X wind power plants in the Y municipality at an investment of USD VV mn; L wind turbines in M at an investment USD of NN mn; wind farm consisting of P wind turbines at Q, municipality of Bollnas; R wind turbines in municipality S; T wind turbines between U and VV and WW • Partnerships It is partnering with EE to construct AA wind turbines, north of the Swedish town BB with turbine capacity of CC-DD MW Partnered with FF to – Build a wind farm in G, south Sweden which will comprise of H wind power turbines – Develop a J turbine wind farm in K Source: WIND ENERGY – SWEDEN.PPT 8
  • 9. Thank you for the attention The Wind Energy - Sweden report is a part of Netscribes’ Energy and Utility Industry Series. For more detailed information or customized research requirements please contact: Natasha Mehta, CFA Gagan Uppal Phone: +65 8448 0449 Phone: +91 98364 71499 E-Mail: natasha.mehta@netscribes.com E-Mail: gagan.uppal@netscribes.com About Netscribes Netscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growth objectives. Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India, Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. WIND ENERGY – SWEDEN.PPT 9