Czech Republic Renewables Report Q2 2015
BMI View: This quarter we have extended our forecasts to 2024. This notwithstanding, we continue to see limited opportunities in the Czech renewable market at present, as concerns over the country's economic competiveness and previous difficulties with setting renewables subsidies at a sustainable level, has led the government to scale back, and almost abandon, its pursuit of renewable energy. With cheaper fuel sources taking priority, we maintain our reserved outlook for the sector, expecting non-hydro renewable generation to account for roughly 9% of total electricity generation by 2024.
The country aims to develop renewables to account for at least 15-16% of total energy consumption by 2030; a target that we consider unachievable at present.
Although Czech Republic has made an impressive start in adopting renewable sources into its electricity mix, we believe that high levels of regulatory uncertainty in the industry and the government's apparent preference for thermal power sources will result in a much less robust expansion than in previous years.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook