Czech Republic Wind Power Market: Outlook 2021 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact
/LONDON, November 5, 2021, 9:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the wind power sector of the country for the next long term period 2021 ÷ 2030. The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the north, Germany to the west, Austria to the south and Slovakia to the east. Its capital and largest city, with 1.3 million inhabitants, is Prague. The Czech Republic includes the historical territories of Bohemia and Moravia and a small part of Silesia. The population of the Czech Republic is 10,732,476 at the end of 2020, and 73.5 % of the population is urban (7,875,268 people in 2020). The total land area is 77,240 Km2 (29,823 sq. miles). Renewable Market Watch™ registered that after a 10-year stagnation in the wind power market in the Czech Republic since 2020, the activity in the wind power sector shows signs of increase. Currently, only 0.7% of the country’s electricity is generated by wind turbines.
In the last few years, the Czech Republic has been the focus of the investors’ interest. The political stability and predictability due to the NATO membership and to the EU accession, the stable economic perspective and the growing credit rating of the country and its institutions were only some of the elements attracting the investors’ interest. External investors have been attracted by rapidly developing national industry, highly skilled workforce and significant new market. The energy sector has an important role in Czechia’s economy and security policy.
Investments in new renewable energy generation capacity in the Czech Republic are moderate in the past five years. Coal remains the primary energy source for electricity production, followed by nuclear power and hydropower. The development of wind power plants in the Czech Republic is moderate due to the lack of a proper supporting framework in the country. At the end of 2020 cumulative installed wind power capacity in the Czech Republic reached 339 MW, which represents only 5.3 % of the total installed renewable energy capacity in the country. However, activity on the wind power market in the Czech Republic is increasing since 2020, according to the recently published study Czech Wind Power Market Outlook 2021 ÷ 2030.
The Czech wind energy market is expected to be heading toward an expansion phase by 2030. Factors propelling the market growth include concerns regarding negative environmental impacts of fossil fuels, a decrease of coal power generation capacity, replacement of aged power generation units based on fossil fuels, compliance with the European Green Deal, and others. Also, serious growth in the residential and commercial building stock and economic growth in the largest Czech cities are significant factors driving the wind energy market.
The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Czech Republic wind market will receive an overview of how the COVID-19 (Coronavirus) will impact it. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2020 was a challenging year for the wind industry, the time for making the right decisions during 2021 and the next few years is limited. The fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:
- Overview of the Czech Republic political and economic environment
- Wind resource potential in the Czech Republic
- Financial Model and Analysis of 50 MW Wind Power Plant investment in the Czech Republic (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables and maps
- Overview of the Czech Republic wind power market development 2010 ÷ 2030
- Grid-connected wind power installations
- Future market trends and planned wind power projects for 2021 ÷ 2030
- Market prices of fully permitted and operational wind farm projects
- The Czech Republic legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in the wind power sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
This report is essential reading for you or anyone interested in the promising Czech Wind Power Market, including investment trends overview, competitive landscape and forecasting how investment volume in this market will develop over the next ten years. This report provides a comprehensive analysis of existing mechanisms supporting wind energy use in the Czech Republic and highlights the challenges and opportunities associated with their developments.
The author of this report, Renewable Market Watch™, has distinguished itself throughout the years by publishing unbiased reports on the development of global renewable energy markets. For your convenience, we offer the opportunity for orders with customized report content.
The more information and answers to your questions about the Czech Solar Power market and related content you may read here: Czech Republic Wind Power Market Outlook 2021 ÷ 2030
To download the executive summary brochure with sample pages for the Czech Republic wind power market, please access from here: Czech Republic Wind Power Market Outlook 2021÷2030 - Sample
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