Nuclear Power Market in Spain

Nuclear power in Spain is generated in eight of its nuclear reactors that account for almost fifth of its overall electricity requirements. Electricity consumption in Spain had been increasing steadily until 2008 but has since declined. Per capita it is about 5600 kWh/yr. Government commitment to the future of nuclear energy in Spain has been uncertain, but is firming up as the cost of subsidizing renewable resources becomes unaffordable. Electricity production in 2010 was 291 billion kWh gross, 18% of this from nuclear power, 27% from gas, 12% from coal and 15% from non-hydro renewable resources. Solar has also been promoted with a feed-in tariff about EUR 30 c/kWh, but the take-up was so high that the government had to renege on its subsidy commitments in 2010 after investments had been made, almost halving those for large plants. The government has announced that it will award no further feed-in tariff contracts after the end of 2012 for special regime suppliers - renewables and small generators, which have priority market access.

Spain is notable for power plant uprates. It has a program to add 810 MWe (11%) to its nuclear capacity through upgrading its nine reactors by up to 13%. For instance, the Almaraz nuclear plant is being boosted by more than 5% at a cost of US$ 50 million. Some 519 MWe of the overall increase is already in place.

Nuclear plant ownership and operation is mostly by the Spanish-based but now international utility Endesa SA (originally Empresa Nacional de Electricidad S.A) and Iberdrola. Endesa is 92% owned by Italy’s Enel. Endesa and Iberdrola have a joint venture operating company - Asociacion Nuclear Asco-Vandellos (ANAV) which covers the 40% of the country's nuclear capacity in Catalonia. Another joint operating company is Centrales Nucleares Almaraz-Trillo (CNAT), covering the central and west 39% of capacity. Nucleares del Norte (Nuclenor) owns and operates the Santa Maria de Garona plant in the northern province of Burgos. It thus pioneered nuclear generation in Spain.

In this industry scenario, Taiyou Research analyzes the Nuclear Power Market in Spain.

Divided into five chapters, this in-depth research offering from Taiyou Research is a complete analysis of the nuclear power market in Spain.

The report deals with an overview of the global power market which is consistently rising due to rapid industrialization resulting in ever increasing demand for power. 66% of global power market is dominated by thermal power sources viz. coal and petroleum but stringent emission norms and depletion of sources is driving global attention towards renewable technology and nuclear power with a 7.5% market share is going to play a major role in future.

In spite of the Chernobyl disaster and the more recent Fukushima setback, the global installed nuclear capacity is likely to increase at a CAGR of nearly 4% and nuclear generation at a CAGR of 3.9% during 2011-2020. In comparison to other technologies the nuclear power has a nominal impact on greenhouse gas emission.

Chapter 1: Introduction to Nuclear Power covers the following:

• An industry definition and an overview of nuclear power.
• Present-day use of nuclear power and looking at why we need nuclear power?
• We look at the various reasons why the world needs nuclear power, such as the rising energy demand in the world, the global power situation, environmental impact of nuclear, and many others.
• An in-depth comparison is carried out of nuclear power and other power generating technologies such as gas and coal.

Chapter 2: Analysis of the Global Nuclear Power Industry covers the following:

• An analysis of the global nuclear power industry through a market profile, market statistics, industry value and volume analysis, industry capacity and generation analysis, and much more.
• We carry out region-wise industry segmentation, and also analyze the technological trends in the industry and an industry outlook.
• We carry out an analysis of the global nuclear power industry in a Porter's Five Forces Framework. We look at the global nuclear power industry by taking nuclear energy providers as key market players. The section analyzes the forces driving competition in the industry viz. buyer power, supplier power, new entrants, substitutes and rivalry amongst major players in the industry.
• A brief profile of the emerging nuclear power markets sums up this chapter.

Chapter 3: Nuclear Power in Spain covers the following:

• An analysis of the nuclear power industry in Europe through a market profile, industry statistics, industry value & volume analysis, industry capacity and generation analysis, and a country-wise segmentation of the industry.
• We analyze the Spanish nuclear power industry through a market profile, industry statistics, the impact of the Fukushima nuclear disaster, nuclear reactor technology, operating and upcoming nuclear reactors in the country, regulatory framework, and a look at R&D in the industry.

Chapter 4: Analysis of Major Global Players is an in-depth study of the major players in the global nuclear power industry with special emphasis on company overview, business analysis and a SWOT analysis of the key players. We include an analysis of over 15 players in the industry.

Concluding with Chapter 5, we include an appendix, a glossary of terms, and a research methodology.

Overall, Taiyou Research’s report on the nuclear power market in Spain is in depth-study of the Spanish nuclear power market.

Taiyou Research’s report makes an intensive study of the installed capacity and generation, nuclear facilities and region, regulatory policies and framework, major players and competitive scenario with business viability of the Spanish nuclear power industry.