Table of Contents
Executive Summary
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- The market
- A quarter of the UK’s electricity supply now comes from renewable sources
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- Figure 1: UK renewable penetration of electricity supply, 2011-15
- Solar PV overtakes onshore wind to become renewable technology with the largest installed capacity
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- Figure 2: UK renewable energy market shares, by installed capacity, 2011 and 2015
- Recent rapid expansion of the renewables sector is set to slow
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- Figure 3: Forecast renewable energy generation, 2014-19
- Market factors
- Companies
- What we think
Key Insights
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- What is the potential impact of Brexit on the UK’s renewable energy policy and the solar PV sector?
- What is the current outlook for the UK solar PV market following the recent policy reset?
- How is the offshore wind sector progressing in bringing down costs?
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market positioning
UK Economy
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- Overview
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- Figure 4: UK GDP quarterly development, 2003-16
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- Figure 5: UK GDP in economic downturns and recoveries since 1979
- Inflation
- Interest rates
- House prices
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- Figure 6: UK House price changes, 2004-16
- Consumer spending
- Manufacturing
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- Figure 7: UK manufacturing, 2014-16
- Business investment
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- Figure 8: UK GFCF 2003-16
- Imports
- Exports
Market Factors
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- Key points
- Government policy
- EU Renewables Directives
- Climate Change Act 2008
- Brexit vote raises uncertainties for renewables industry, though the government remains committed to tackling climate change
- Renewable Energy Obligation (RO)
- RO support closes early for onshore wind and new solar
- Feed-in-Tariffs (FITs)
- The Renewable Heat Incentive
- Electricity Market Reform (CfD and Capacity Market)
- Contracts for Difference (CfDs)
- Capacity Market (CM)
Market Size Overview
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- Key points
- Overview
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- Figure 9: Analysis of electricity supplied in the UK, by type of fuel used in generation, 2010-15
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- Figure 10: UK renewable penetration of electricity supply, 2011-15
- Figure 11: Renewable electricity generation in the UK, 2010-15
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- Figure 12: UK renewable energy market shares, by installed capacity, 2011 and 2015
Wind Generation
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- Key points
- Overview
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- Figure 13: UK onshore and offshore wind energy generation capacity, 2011 and 2016
- Onshore wind
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- Figure 14: Cumulative FIT wind installations, 2010-16
- Offshore wind
- Offshore wind costs falling fast
- Green Investment Bank drive to boost investment in offshore wind
- Turbine sizes are increasing
- Wind generation capacity and generation
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- Figure 15: UK wind energy capacity, 2011-16
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- Figure 16: UK Wind Energy Generation, 2011-16
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- Figure 17: UK wind energy capacity, by country 2012-16
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- Figure 18: UK wind generation development pipeline, as of August 2016
Shoreline Wave/Tidal Generation
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- Key points
- Overview
- Swansea Bay tidal energy scheme given go-ahead but future depends on outcome of government review
- Wave energy developers’ focus remains on technology demonstration activities, optimisation and cost reduction
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- Figure 19: UK wave energy capacity and generation, 2011-16
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- Figure 20: UK wave and tidal capacity in development pipeline, as of August 2016
Photovoltaic Generation
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- Key points
- Overview
- Government slashes financial support for solar PV sector
- 7GW installed capacity across 843 solar farms operational
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- Figure 21: Photovoltaic capacity installed in great britain, by type, 2011-16
- Figure 22: UK photovoltaic electricity capacity and generation, 2011-16
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- Figure 23: Photovoltaic installations in the UK, by capacity of installation, 2010-16
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- Figure 24: Photovoltaic installations in the UK, by accreditation scheme 2010-16
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- Figure 25: Household penetration of photovoltaic installations in Great Britain, by region, 2014-16
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- Figure 26: Regional distribution of photovoltaic installations in Great Britain, by type and region, cumulative as of Q2 2016
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- Figure 27: UK photovoltaics development pipeline, as of August 2016
Hydro Generation
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- Key points
- Overview
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- Figure 28: UK hydro energy capacity, 2011-16
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- Figure 29: UK hydro energy generation, 2011-16
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- Figure 30: UK Hydro Energy Generation, 2011-16
- Figure 31: UK hydro electricity capacity, by country 2013-16
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- Figure 32: UK hydro electricity development pipeline, as of August 2016
Bioenergy Electricity Generation
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- Key points
- Overview
- Landfill gas
- Sewage sludge digestion
- Energy from waste
- Animal biomass
- Anaerobic digestions
- Co-firing and biomass
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- Figure 33: UK bioenergy installed capacity, 2011-16
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- Figure 34: UK bioenergy and waste generation energy capacity, as of end of March 2016
- Figure 35: UK bioenergy generation, 2011-16
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- Figure 36: UK bioenergy capacity, by country 2013-16
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- Figure 37: UK bioenergy development pipeline, as of August 2016
- Figure 38: UK bioenergy development pipeline, as of August 2016
Electricity Usage
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- Key points
- Introduction
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- Figure 39: UK final energy consumption, by type of fuel, 1970-2015
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- Figure 40: UK total energy consumption, by sector, 1970-2015
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- Figure 41: UK usage of energy, 2015
- Industrial
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- Figure 42: UK industrial energy consumption, by type of fuel, 1970-2015
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- Figure 43: UK industrial energy consumption, by sector, 1990-2015
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- Figure 44: UK industrial electricity consumption, by sector, 2000-15
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- Figure 45: UK industrial electricity consumption, by sector, 2015
- Transport
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- Figure 46: UK transport energy consumption, by type of fuel, 1970-2015
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- Figure 47: UK transport energy consumption, by sector, 1970-2015
- Domestic
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- Figure 48: UK domestic energy consumption, by type of fuel, 1970-2015
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- Figure 49: UK domestic energy consumption, 1970-2015
- Figure 50: UK domestic energy consumption efficiency, 1970-2015
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- Figure 51: UK domestic energy consumption, by activity, 1990-2013
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- Figure 52: UK household electricity usage on domestic appliances, 1970-2015
- Commerce/services
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- Figure 53: UK commercial and services energy consumption, by type of fuel, 1970-2015
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- Figure 54: UK public administration energy consumption, by type of fuel, 1970-2015
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- Figure 55: UK commercial energy consumption, by type of fuel, 2011-15
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- Figure 56: UK agricultural energy consumption, by type of fuel, 2010-15
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- Figure 57: UK miscellaneous energy consumption, by type of fuel, 2010-15
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- Figure 58: Detailed service sector energy consumption, by activity and type of use, 2015
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- Figure 59: Detailed service sector electricity consumption, by activity and type of use, 2015
Company Profiles
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- Key points
A Shade Greener
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- Company strategy and outlook
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- Figure 60: Financial analysis of A Shade Greener, 2011-15
Biogen (UK)
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- Company strategy and outlook
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- Figure 61: Financial analysis of Biogen (UK), 2011-15
First Hydro Company
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- Figure 62: Financial analysis of First Hydro Company, 2011-15
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Good Energy Group
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- Company strategy and outlook
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- Figure 63: Financial analysis of Good Energy Group, 2011-15
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- Figure 64: Turnover analysis of Good Energy Group, by segment, 2012-15
Elios Renewable Energy (Formerly Lightsource Renewable Energy)
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- Company performance and outlook
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- Figure 65: Financial analysis of Elios Renewable Energy, 2012-15
Scottishpower Renewables
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- Company strategy and outlook
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- Figure 66: Financial analysis of ScottishPower Renewables, 2011-15
SSE
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- Company strategy and outlook
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- Figure 67: Financial analysis of SSE, 2012-16
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- Figure 68: SSE revenue segmental analysis, 2016
Solar Century
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- Company review and outlook
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- Figure 69: Financial analysis of Solar Century Holdings, 2012-16
Tamar Energy
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- Company review and strategy
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- Figure 70: Financial analysis of Tamar Energy, 2012-15
Vatenfall Wind Power
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- Company outlook and strategy
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- Figure 71: Financial analysis of Vattenfall Wind Power, 2011-15
Vestas-Celtic Wind Technology
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- Company review and outlook
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- Figure 72: Financial analysis of Vestas-Celtic Wind Technology, 2011-15
Western Bio-Energy
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- Figure 73: Financial analysis of Western Bio-Energy, 2010-15
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Forecast
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- Key Points
- The market
- Government policy
- Lack of clarity and frequent policy changes have created investment uncertainty in renewables
- Market prospects
- Overview
- Progress in developing renewable energy sector
- Recent rapid expansion of renewables sector set to slow, though infrastructure project pipeline remains healthy
- Energy storage to play key role in transition to clean electricity supply system
- Renewables capacity development pipeline
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- Figure 74: Renewables capacity development pipeline, as of August 2016
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- Figure 75: Forecast renewable electricity generation, 2015-25
- Future potential energy mix
- National grid’s future energy scenarios
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- Figure 76: Forecast power generation installed capacity under “slow progression” scenario, by source, 2016-40
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- Figure 77: Forecast power generation installed capacity under “gone green” scenario, by source, 2016-40
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- Figure 78: Forecast power generation installed capacity under “no progression” scenario, by source, 2016-40
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- Figure 79: Forecast power generation installed capacity under “consumer power” scenario, by source, 2016-40
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- Figure 80: Future potential energy mix in 2035, by scenario
Further Sources & Contacts
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- Trade associations & regulatory bodies
- Trade exhibitions
- Trade magazines
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