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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.

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?

Table of Contents
Executive summary 10
Market overview 10
Wind power 10
Solar power 11
Biomass 12
Hydropower 13
Marine power 14
Geothermal 15
Future outlook 15
Chapter 1 Market overview 17
Summary 17
Overview of the UK’s electricity market 17
Background 19
Installed capacity, electricity generation and consumption 20
Installed capacity 20
Electricity generation 23
Consumption 26
Drivers of renewable energy in the UK 29
The UK’s renewable market is driven by EU obligations 29
Falling levels of CO2 emissions 29
The Renewables Obligation program 30
Role of Low Carbon Transport Plan 30
FIT encourages specific technologies 30
The UK Government’s energy bill considerations 31
Resistors of renewable energy in the UK 32
Cancellation of low-carbon buildings program grants to impact growth 32
The UK's renewable energy diversification remains minimal 32
Renewable energy technology yet to be fully commercialized 32
Global comparison 33
Comparative economics 36
Chapter 2 Wind power 41
Summary 41
Overview 42
Current scenario 42
Installed capacity and generation 42
Global comparison 43
Key players 43
Economics 44
Drivers of wind power 46
The RO makes entrance into the UK’s wind energy market attractive 46
Government backed FIT encourages renewable electricity generating installations 46
Other Incentives 47
Resistors of wind power 48
Procedural delays restrain expansion of the UK’s wind power sector 48
Lack of infrastructure 48
Wind power outlook 49
Chapter 3 Solar power 50
Summary 50
Overview 51
Current scenario 51
Installed capacity and generation 51
Global comparison 52
Key players 52
Economics 53
Drivers of solar power 53
FITs called ‘Clean Energy Cashback Scheme’ drives the UK’s solar market 53
Other incentives 54
Resistors of solar power 55
Solar power outlook 56
Chapter 4 Biomass 57
Summary 57
Overview 58
Current scenario 58
Installed capacity and generation 58
Global comparison 61
Key players 61
Economics 62
Drivers of biomass 62
ROCs drive the UK’s biomass market 62
FIT encourages biomass energy crops production 63
Co-firing to grow 63
Other incentives 64
Resistors of biomass 64
Variant nature of biomass availability threatens biomass supply 64
Other resistors 65
Biomass outlook 65
Chapter 5 Hydropower 66
Summary 66
Overview 67
Current scenario 67
Installed capacity and generation 67
Global comparison 70
Key players 70
Economics 70
Drivers of hydropower 71
The RO scheme and the FIT drives UK’s hydropower market 71
Support given by British Hydropower Association and the UK Environment Agency 72
Resistors of hydropower 73
Geographical terrain and mature market stifles UK’s hydropower market growth potential 73
Physical constraints 73
Hydropower outlook 74
Chapter 6 Marine power 75
Summary 75
Overview 76
Current scenario 76
Installed capacity and generation 76
Global comparison 77
Key players 77
Economics 78
Drivers of marine power 79
UK’s marine energy market driven by incentives 79
The UK’s Marine Energy Action Plan sets the roadmap for the marine energy market 81
Commercial seabed lease options for marine energy technology development 81
World class UK marine energy project test centers 83
Resistors of marine power 83
The UK’s marine energy development subject to procedural delays 83
High costs deter project developers from entering UK’s marine energy market 83
Lack of grid connectivity prevents assessing total marine power generation 83
No financial support for unexpected delays and costs experienced 84
Marine power outlook 84
Chapter 6 Geothermal 85
Summary 85
Overview 85
Current scenario 86
Installed capacity and generation 86
Global comparison 86
Key players 86
Economics 87
Drivers of geothermal 87
Deep Geothermal Challenge Fund encourages the UK’s geothermal exploration 87
RHI to benefit geothermal technology 88
Low pollution output suits the UK 88
Resistors of geothermal 88
Geothermal outlook 89
Chapter 7 Future outlook 90
Summary 90
Outlook for the UK electricity sector 91
Outlook for renewables 91
Wind power 91
Solar power 92
Biomass 92
Hydropower 92
Marine power 93
Geothermal 93
Glossary 94
Table of figures
Figure 1: UK’s production of primary fuels (%), 2008 19
Figure 2: UK net installed electricity capacity (%), 2008 21
Figure 3: UK net installed renewable electricity capacity (%), 2008 23
Figure 4: UK's net electricity generation (%), 2004–08 24
Figure 5: UK net generation of renewable electricity (%), 2008 26
Figure 6: UK's electricity consumption (%), 2008 27
Figure 7: UK's total consumption of renewables (%), 1995–2008 28
Figure 8: Renewable electric power capacity (GW), 2008 35
Figure 9: UK's weekly electricity expenditure per household (£ per week), 2009 40
Figure 10: UK's wind power cumulative installed capacity (MW), 2004–08 43
Figure 11: Capital cost breakdown of a typical 5MW onshore wind project (%), 2010 45
Figure 12: UK's solar power cumulative installed capacity (MW), 2004–08 52
Figure 13: UK's biomass installed capacity (MW), 2004–08 59
Figure 14: UK’s net generation of biomass mix (GWh), 2004–08 60
Figure 15: UK's hydropower cumulative installed capacity (MW), 2004–08 68
Figure 16: UK’s net generation of hydropower mix (GWh), 2004–08 69
Figure 17: UK Renewable Energy Zone, 2006 82
Table of tables
Table 1: UK production from primary fuels (mtoe), 1980–2008 18
Table 2: UK's net installed electricity capacity (MW), 2004–08 21
Table 3: UK's net installed renewable electricity capacity (MW), 2004–08 22
Table 4: UK's net electricity generation (GWh), 2004–08 24
Table 5: UK net generation of renewable electricity, 2004–08 (GWh) 25
Table 6: UK's electricity consumption (TWh), 1980–2008 27
Table 7: UK's total renewables consumption (thousand toe equivalent), 1995–2008 28
Table 8: UK's CO2 power emissions (tonnes of CO2 per GWh), 2006–08 29
Table 9: Renewable electric power capacity (GW), 2008 34
Table 10: Green power prices in UK and EU 27 (€/MWh), 2008 36
Table 11: UK’s Table of tariffs (p/kWh), 2010–2013 37
Table 12: UK's industrial and domestic electricity and gas prices (pence per kWh), 2000–09 38
Table 13: UK's weekly electricity expenditure per household (£ per week), 2009 39
Table 14: UK's wind power cumulative installed capacity (MW), 2004–08 42
Table 15: Capital cost breakdown of a typical 5MW onshore wind project (%), 2010 45
Table 16: UK's solar power cumulative installed capacity (MW), 2004–08 51
Table 17: Proposed tariffs for solar PV (p/kWh), 2010–2013, 2010 54
Table 18: UK's biomass installed capacity (MW), 2004–08 59
Table 19: UK’s net generation mix of biomass (GWh), 2004-2008 60
Table 20: UK's hydropower cumulative installed capacity (MW), 2004–08 68
Table 21: UK’s net generation of hydropower mix (GWh), 2004–08 69
Table 22: UK’s public funding for marine energy technology, 2010 79

Sourcing Glossary

Published By: Orbys Black Book
 

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