Green Energy in the Nordic Region: Renewable sources, capacity growth and future outlook

Date: April 22, 2010
Pages: 101
Price:
US$ 2,875.00
Publisher: Business Insights
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: GF819720A60EN
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Green Energy in the Nordic Region: Renewable sources, capacity growth and future outlook
Renewable energy in Nordic region constitutes 25.8% (384,131GWh) of the total energy production with Norway contributing the most. While Finland has considerable energy generation from renewables corresponding to 109,102GWh, Denmark produces least amount of renewable energy representing 33,783GWh in the Nordic region. All Nordic countries have set their individual RES target higher than that of EU’s target of 20% RES in overall energy mix by 2020. Denmark has set a target to achieve 30% of energy from renewables by 2020, while Finland set that target at 38% and Sweden at 49%. The EU directive has not defined a target for Norway and Iceland, but the countries intend to become carbon-neutral by 2050.

This report documents the growth of the Nordic renewable energy market, showing its current status and potential.

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.

Key features of this report
  • Overview of the Nordic electricity market with focus on renewable energy. Analysis of energy type volumes, capacity installed, and generation output in Nordic region.
  • Growth of renewables – installed capacity and generation, government mandates and incentives.
  • Information and analysis by renewable energy sector – wind, biomass, hydro, solar, geothermal, and biofuels.
  • Installed capacity and generation, key players, drivers, resistors, and outlook for each renewable energy sector.
  • Outlook for all Nordic countries primary energy supply with forecasts up to 2020.
Scope of this report
  • Achieve a quick and comprehensive understanding of how Nordic 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 Nordic electricity market and in energy generation technology type.
  • Understand the major issues affecting the Nordic electricity industry in general and renewable electricity in particular.
  • Predict the key growth areas in the Nordic 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, Nordic countries have adopted their own strategies above the EU target of 20% RES in overall energy mix by 2020.
  • Energy Security: All Nordic countries are slowly reducing their dependence on imported fossil fuels (specifically Denmark ) and promoting domestically-produced renewable energy.
  • Energy Efficiency: Every Nordic country has national goal to increase energy efficiency, reduce energy demand and promote green energy.
Key findings from this report
  1. The Nordic region comprising of Denmark, Finland, Iceland, Norway and Sweden is rich in renewable energy sources due to its favorable geography. Renewable energy in the Nordic region constitutes 25.8% (384,131GWh) to the total energy mix.
  2. Government support through incentives such as favorable feed-in tariffs and subsidies will drive the growth of wind power in the Nordic region. Denmark is the leading wind power producer with an installed capacity of 3,163MW constituting 66.1% of the total Nordic region’s wind capacity, however it grew at a CAGR of 0.4% during 2004–08.
  3. Solar power in Nordic regions is at a nascent stage of development with only 25MW of solar PV installed capacity compared to an installed capacity of 9,533MW in the EU.
  4. Biopower in the Nordic region is predominantly used as a source of heating followed by its usage in generation of electricity and transportation. Sweden is the leading producer of electricity and heat from biopower in the Nordic region and also leads in production of biofuels used for transportation.
Key questions answered
  1. What are the drivers shaping and influencing new capacity installed in the Nordic energy industry?
  2. What is the potential of renewable energy technologies in the Nordic region? What are the opportunities?
  3. What is the policy framework governing the renewable energy market?
  4. Which renewable energy technology types are likely to grow?
  5. What is the potential of various renewable energy technologies?
Green Energy in the Nordic Region
Executive Summary
Market overview
Denmark
Finland
Iceland
Norway
Sweden
Outlook

CHAPTER 1 MARKET OVERVIEW

Summary
Overview of the electricity sector
Overview of renewable energy
Wind power
Solar power
Biopower
Hydropower
Geothermal

CHAPTER 2 DENMARK

Summary
Overview
Wind power
Key players
Drivers of wind power
Resistors of wind power
Solar power
Key players
Drivers of solar power
Resistors of solar power
Biopower
Key players
Drivers of biopower
Resistors of biopower
Hydropower
Geothermal

CHAPTER 3 FINLAND

Summary
Overview
Wind power
Key players
Drivers of wind power
Resistors of wind power
Solar power
Key players
Drivers of solar power
Resistors of solar power
Biopower
Key players
Drivers of biopower
Resistors of biopower
Hydropower
Key players
Drivers of hydro power
Resistors of hydro power
Geothermal power

CHAPTER 4 ICELAND

Summary
Overview
Hydropower
Key players
Drivers of hydropower
Resistors of hydropower
Geothermal
Key players
Drivers of geothermal
Resistors of geothermal

CHAPTER 5 NORWAY

Summary
Overview
Wind power
Key players
Drivers of wind power
Resistors of wind power
Solar
Biopower
Key players
Drivers of biopower
Resistors of biopower
Hydropower
Key players
Drivers of hydropower
Resistors of hydropower

CHAPTER 6 SWEDEN

Summary
Overview
Wind power
Key players
Drivers of wind power
Resistors of wind power
Solar power
Key players
Drivers of solar power
Resistors of solar power
Biopower
Key players
Drivers of biopower
Resistors of biopower
Hydropower
Key players
Drivers of hydropower
Resistors of hydropower
Geothermal power

CHAPTER 7 OUTLOOK

Summary
Nordic region renewable energy outlook
Wind power
Solar power
Biopower
Hydropower
Geothermal
Appendix
Glossary
Index

LIST OF FIGURES

Figure 1.1: Energy generation in the Nordic region (%), 2008
Figure 2.2: Denmark energy consumption (GWh), 2008
Figure 2.3: Denmark Wind power cumulative installed capacity (MW), 2004–08
Figure 3.4: Finland energy consumption (GWh), 2004–08
Figure 3.5: Finland wind power cumulative installed capacity (MW), 2004–08
Figure 3.6: Finland hydropower installed capacity (MW), 2004–08
Figure 4.7: Iceland final energy consumption (GWh), 2004–08
Figure 4.8: Iceland hydropower installed capacity (MW), 2004–08
Figure 4.9: Iceland geothermal electricity installed capacity (MW), 2004–08
Figure 5.10: Norway final energy consumption (GWh), 2005–08
Figure 5.11: Norway wind power cumulative installed capacity (MW), 2004–08
Figure 5.12: Norway solar PV cumulative installed capacity (MW), 2004–08
Figure 6.13: Sweden final energy consumption (GWh), 2008
Figure 6.14: Sweden wind power cumulative installed capacity (MW), 2004–08
Figure 6.15: Sweden hydropower installed capacity (MW), 2004–08

LIST OF TABLES

Table 1.1: Energy generation in the Nordic region (%), 2008
Table 1.2: Electricity generation in the Nordic region (GWh), 2008
Table 1.3: Electricity generated from renewable energy in the Nordic region, (GWh), 2008
Table 1.4: Wind power installed capacity (MW), 2004–08
Table 1.5: Hydropower generation in Nordic region (GWh), 2004–08
Table 2.6: Denmark energy consumption (GWh), 2005–08
Table 2.7: Electricity generation in Denmark (GWh), 2004–08
Table 2.8: Denmark wind power cumulative installed capacity (MW), 2004–08
Table 3.9: Finland energy consumption (GWh), 2004–08
Table 3.10: Electricity generation in Finland (GWh), 2004–08
Table 3.11: Finland wind power cumulative installed capacity (MW), 2004–08
Table 3.12: Finland hydropower installed capacity (MW), 2004–08
Table 4.13: Iceland final energy consumption (GWh), 2004–08
Table 4.14: Electricity generation in Iceland (GWh), 2004–08
Table 4.15: Iceland hydropower installed capacity (MW), 2004–08
Table 4.16: Iceland geothermal electricity installed capacity (MW), 2004–08
Table 5.17: Norway final energy consumption (GWh), 2005–08
Table 5.18: Electricity generation in Norway (GWh), 2005–08
Table 5.19: Norway wind power cumulative installed capacity (MW), 2004–08
Table 5.20: Norway solar PV cumulative installed capacity (MW), 2004–08
Table 6.21: Sweden final energy consumption (GWh), 2005–08
Table 6.22: Electricity generation in Iceland (GWh), 2004–08
Table 6.23: Sweden wind power cumulative installed capacity (MW), 2004–08
Table 6.24: Sweden hydropower installed capacity (MW), 2004–08

COMPANIES MENTIONED

Access Ph, ActoGeniX, Acura, Alte Biosciences., Biocon, Biodelivery Systems, Bone Medical, Chiasma (Israel) Ltd,Emisphere, Chimerix,Mucosis, CIMA,Nanotherapeutics, Constab Ph, Cosmo Ph, Depomed, Depomed, Diabetology, enGene, Flamel, Galephar Pharmaceuticals, ImmuPharma, Infexion, Kancer, Kytogenics, MBC Pharma, Merrion Ph, Midatech, Monosol Rx ,Labopharm,Appian Labs, Nanolymf, NOD Ph, Ondek Pty, OraDel Medical, Oramed Ph, Proxima Concepts, Samyang Corp, SkyePharma, Unigene,
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