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Greece Renewables Report Q2 2016

Greece Renewables Report Q2 2016

BMI View: After a decade of impressive growth, the Greek non-hydro renewables industry came nearly to astandstill in 2014 and 2015, largely on account of regulatory changes introduced under the New Deal inmid-2014 as well as persisting economic and political challenges. While several recent projectannouncements highlight the industry's potential, we believe Greece's non-hydro renewables expansion willremain anaemic over the coming decade.

Latest Updates and Structural Trends

According to the most recent data from the Greek electricity market operator LAGIE, we havedowngraded the country's installed renewables capacity to 3,876MW for 2015. Solar capacity wasestimated at 2,042MW, while wind added another 1,781MW. Biomass was the smallest segment in Greekrenewables industry with total installed capacity of 53MW.

The latest data from ELETAEN, the Greek Wind Energy Association, revealed that 171.8 MW newwind-energy facilities were installed in 2015. Another 210.7 MW of wind energy parks were underconstruction (energypress.eu).

The renewable energy sources (RES) Fund was expected to end 2015 with a deficit of EUR15.7mn,according to a forecast made by LAGIE in November 2015.

We retain our forecast for non-hydro renewables' contribution to the country's total power mix to remainlargely stable over the coming decade. By the end of our review period, both non-hydro renewablescapacity and generation are forecast to contribute 15.1% to the country's overall power mix, marking aslight decline from 2015 figures.


BMI Industry View
Table: Renewables Headline Forecasts (Greece 2015-2021)
SWOT
Industry Forecast
Greece Renewables Forecast Scenario
Latest Updates
Structural Trends
Table: Total Electricity Generation Data And Forecasts (Greece 2014-2019)
Table: Total Electricity Generation Data And Forecasts (Greece 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Greece 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Greece 2020-2025)
Greece Renewables Projects Database
Table: Greece - Top Renewables Projects By Capacity (MW)
Industry Risk/Reward Index
Greece Renewables Risk/Reward Index
Rewards
Risks
Market Overview
Sustainable Energy Policy And Infrastructure
Targets
Subsidies
Infrastructure
Competitive Landscape
Table: Producers And Suppliers In The Greek Renewables Market
Public Power Corporation
Électricité de France (EDF) SA
Iberdrola Renewables SA
Terna Energy SA
Sky Solar
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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