Table of Contents
Executive Summary
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- The market
- Almost a fifth of the UK’s electricity supply comes from renewable sources in 2014
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- Figure 1: UK renewable penetration of electricity supply, 2010-14
- Renewables installed capacity continues to be dominated by wind, though solar PV deployment has expanded rapidly since 2010
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- Figure 2: UK renewable energy market shares, by installed capacity, 2010 and 2014
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- Figure 3: Forecast renewable energy generation, 2014-19
- Market factors
- The consumer
- Solar farms preferred energy plant near people’s homes
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- Figure 4: Most acceptable type of energy plant, August 2015
- Companies
- What we think
Key Insights
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- How is the closure of the RO scheme to onshore wind farms set to affect deployment levels ?
- How is the UK solar PV industry expected to change if proposed FIT cuts are enforced?
- How can costs be brought down in the offshore wind sector?
- Are biomass conversions becoming less economically viable?
UK Economy
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- Overview
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- Figure 5: UK GDP quarterly development, 2003-15
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- Figure 6: UK GDP in economic downturns and recoveries since 1979
- Inflation
- Interest rates
- House prices
- Consumer spending
- Manufacturing
- Business investment
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- Figure 7: UK GFCF 2003-15
Market Factors
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- Key points
- EU Renewables Directives
- UK renewables policy
- Renewables Obligation (RO)
- RO support closes two years early for large-scale solar developments and a year early for onshore wind farms
- Feed-in Tariffs (FITs)
- Government proposes drastic cuts to FITs from 2016 - potentially proving highly detrimental to the solar PV industry
- Electricity market reform
- Contracts for Difference (CfDs)
- Capacity Market (CM)
Market Size Overview
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- Key points
- Overview
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- Figure 8: Analysis of electricity supplied in the UK, by type of fuel used in generation, 2010-15
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- Figure 9: UK renewable penetration of electricity supply, 2010-14
- Figure 10: Renewable electricity generation in the UK, 2010-15
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- Figure 11: UK renewable energy market shares, by installed capacity, 2010 and 2014
Wind Generation
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- Key points
- Overview
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- Figure 12: UK onshore and offshore wind energy generation Capacity, 2010 and 2015
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- Figure 13: Cumulative FIT wind installations, 2010-15
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- Figure 14: UK wind energy capacity, 2010-15
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- Figure 15: UK wind energy generation, 2010-15
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- Figure 16: UK wind energy capacity, by country 2011-15
- Green Investment Bank drive to boost investments in offshore wind
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- Figure 17: UK wind generation development pipeline, as of September 2015
Shoreline Wave/Tidal Generation
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- Key points
- Overview
- Swansea Bay tidal energy scheme given go-ahead
- Wave energy developers’ focus remains on technology demonstration activities, optimisation and cost reduction
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- Figure 18: UK wave energy capacity and generation, 2010-15
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- Figure 19: UK wave and tidal capacity in development pipeline, as of September 2015
Photovoltaic Generation
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- Key points
- Overview
- Proposed policy changes by the government could cause further upheaval for ground-mounted solar PV deployment
- 3.8GW installed capacity across 445 solar farms operational
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- Figure 20: Photovoltaic capacity installed in Great Britain, by type, 2010-15
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- Figure 21: UK photovoltaic electricity capacity and generation, 2010-15
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- Figure 22: Photovoltaic installations on Feed in Tariff Scheme in Great Britain, by size of installation, 2010-15
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- Figure 23: Photovoltaic installation capacity on feed in tariff scheme in Great Britain, by size of installation, 2010-15
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- Figure 24: Ground mounted and large scale photovoltaic installation capacity installed in Great Britain, 2010-15
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- Figure 25: Quarterly photovoltaic installations in Great Britain, by type of installation, Q1 2010-Q2 2015
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- Figure 26: Household penetration of photovoltaic installations in Great Britain, by region, 2014 and 2015,
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- Figure 27: Regional distribution of photovoltaic installations in Great Britain, by type and region, cumulative as of Q2 2015
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- Figure 28: UK photovoltaics development pipeline, as of September 2015
Hydro Generation
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- Key points
- Overview
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- Figure 29: UK hydro energy capacity, 2010-15
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- Figure 30: UK hydro energy generation, 2010-15
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- Figure 31: UK hydro energy generation, 2010-14
- Figure 32: UK hydro electricity capacity, by country 2012-15
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- Figure 33: UK hydro electricity development pipeline, as of September 2015
Bioenergy Electricity Generation
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- Key points
- Overview
- Drax’s part conversion of its 4GW coal-fired plant makes it the largest biomass installation in Europe
- Withdrawal of government support to restrict any future biomass conversions
- Green light for world’s largest biomass plant
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- Figure 34: UK bioenergy and waste generation energy capacity, 2010-15
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- Figure 35: UK bioenergy and waste generation energy capacity, as of mid-2015
- Figure 36: UK bioenergy generation, 2009-15
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- Figure 37: UK bioenergy capacity, by country 2012-15
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- Figure 38: UK bioenergy development pipeline, as of September 2015
- Figure 39: UK bioenergy development pipeline, as of September 2015
Electricity Usage
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- Key points
- Introduction
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- Figure 40: UK final energy consumption, by type of fuel, 1970-2014
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- Figure 41: UK total energy consumption, by sector, 1970-2014
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- Figure 42: UK usage of energy, 2014
- Industrial
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- Figure 43: UK industrial energy consumption, by type of fuel, 1970-2014
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- Figure 44: UK industrial energy consumption, by sector, 1990-2014
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- Figure 45: UK industrial electricity consumption, by sector, 2000-13
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- Figure 46: UK Industrial Electricity Consumption, by Sector, 2013
- Transport
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- Figure 47: UK transport energy consumption, by type of fuel, 1970-2014
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- Figure 48: UK transport energy consumption, by sector, 1970-2014
- Domestic
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- Figure 49: UK domestic energy consumption, by type of fuel, 1970-2014
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- Figure 50: UK domestic energy consumption, 1970-2014
- Figure 51: UK domestic energy consumption efficiency, 1970-2014
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- Figure 52: UK domestic energy consumption, by activity, 1990-2013
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- Figure 53: UK household electricity usage on domestic appliances, 1970-2014
- Commerce/services
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- Figure 54: UK commercial and services energy consumption, by type of fuel, 1970-2014
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- Figure 55: UK public administration energy consumption, by type of fuel, 1970-2014
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- Figure 56: UK commercial energy consumption, by type of fuel, 2010-14
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- Figure 57: UK agricultural energy consumption, by type of fuel, 2010-14
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- Figure 58: UK miscellaneous energy consumption, by type of fuel, 2008-13
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- Figure 59: Detailed service sector energy consumption, by activity and type of use, 2014
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- Figure 60: Detailed service sector electricity consumption, by activity and type of use, 2013
The Consumer – Attitudes and Acceptability
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- Key points
- Three out of four people support increased electricity generation from renewable sources
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- Figure 61: Attitudes towards renewable energy, August 2015
- Majority of people in favour of increased solar PV deployment
- Majority of people support onshore and offshore wind farms
- However, a third of people are also happy for the UK to generate more electricity from fossil fuels
- Public continues to be concerned about high energy prices, with 42% wanting energy from cheapest source possible
- Solar farms preferred energy plant near people’s homes
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- Figure 62: Acceptability of different types of energy plant, August 2015
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- Figure 63: Most acceptable type of energy plant, August 2015
Company Profiles
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- Key points
- Company profiles
A Shade Greener
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- Company strategy and outlook
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- Figure 64: Financial analysis of A Shade Greener, 2011-14
Biogen (UK)
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- Company strategy and outlook
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- Figure 65: Financial analysis of Biogen (UK), 2010-14
First Hydro Company
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- Figure 66: Financial analysis of First Hydro Company, 2010-14
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Good Energy Group
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- Company strategy
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- Figure 67: Financial analysis of Good Energy Group, 2010-14
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- Figure 68: Turnover analysis of Good Energy Group, by segment, 2012-14
Lightsource Renewable Energy
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- Company strategy and outlook
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- Figure 69: Financial analysis of Lightsource Renewable Energy, 2012-14
ScottishPower Renewables
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- Company strategy and outlook
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- Figure 70: Financial analysis of ScottishPower Renewables, 2010-14
SSE
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- Company strategy and outlook
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- Figure 71: Financial analysis of SSE, 2011-15
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- Figure 72: SSE revenue segmental analysis, 2015
Solar Century
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- Company review and outlook
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- Figure 73: Financial analysis of Solar Century Holdings, 2010-2014
Tamar Energy
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- Company review and strategy
Vatenfall Wind Power
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- Company review and strategy
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- Figure 74: Financial analysis of Vattenfall Wind Power, 2010-14
Vestas-Celtic Wind Technology
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- Company review and outlook
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- Figure 75: Financial analysis of Vestas-Celtic Wind Technology, 2010-14
Western Bio-Energy
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- Figure 76: Financial analysis of Western Bio-Energy, 2009-13
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Forecast
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- Key points
- The market
- Government policy
- The market prospects
- Overview
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- Figure 77: Forecast renewable energy generation, 2014-19
- Figure 78: Renewables capacity development pipeline, as of September 2015
- Wind
- Tidal/wave
- Photovoltaic
- Hydro
- Bioenergy
Further Sources and Contacts
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- Trade associations and regulatory bodies
- Trade exhibitions
- Trade magazines
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