Belarus Wind Power Market: Outlook 2020÷2030 - Single User

Belarus, a landlocked, generally flat country (the average elevation is 162 meters above sea level) without natural borders, occupies an area of 207,600 km2, or slightly smaller than the United Kingdom or the state of Kansas. Its neighbors are Russia to the east and northeast, Latvia to the north, Lithuania to the northwest, Poland to the west, and Ukraine to the south. Its extension from north to south is 560 km, from west to east is 650 km. The population of Belarus was 9.51 million and the current gross domestic product (GDP) was $59.6 billion as of 2018.

Belarus wind power market value, which was USD XXX million in 2019, is expected to grow to USD XXX million in 2020, at a CAGR of XXX percent. Renewable energy sources (RES) account for less than XXX percent of the total fuel and energy consumption in Belarus in 2019. The figure is projected to reach XXX percent by 2020. As a net energy importer, the national energy policy of Belarus is focused on maintaining energy security and stability in the country and reducing energy import dependency through increased energy efficiency measures. A new “Concept of Energy Security” came into force on 1 January 2016 and defines the long-term view on the country’s energy sector development. The main priority of Belarus energy policy is to increase energy efficiency and to develop local sources of energy: 80 % of the energy consumption is currently imported.

The potential of wind energy is estimated to equal 1.9 – 2.0 Mtoe per year. The technical potential of energy that could be generated by wind farms is estimated at 220 billion kWh. A survey has been done by the government resulted in 1,840 sites fit for placing wind-powered generators with the potential energy output of over 1,600 MW.

Belarus is ranked among top 5 countries by attractiveness for wind energy investments among CIS countries by Renewable Market Watch in their yearly updated "Attractiveness index for wind energy investments in CIS countries in 2020". The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, nuclear sources, and connecting to the European power infrastructure and power infrastructure of Commonwealth Independent States (CIS).

Current cumulative installed wind power capacity in the country is XXX MW at the end of 2019 and number of fully permitted and ready to build projects will promptly increase in 2020 and next years. First wind power plants have been launched into commercial operation between 2012 and 2018, whilst pipeline of over 200 MW wind power projects are progressing in different stages of permitting process for grid connection by 2020. Feed-in tariff for wind energy has been updated in Belarus in May 2015 combined with 20 years PPA period is expected to pave the way for fast further growth of wind energy market in Belarus.

The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 110 pages of valuable information in this unique in-depth analysis of the Belarus wind power market will receive overview 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 2018 and 2019 were challenging years for world wind energy industry, the time for taking right decisions during 2020 and the next few years is limited. Fast changing market environment requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content Reasons to buy this market report are, but no limited to:

• Wind resource potential in Belarus
• Historical market data provided from 2009 to 2019 and forecasts until 2030
• Financial Model and Analysis of 50 MW Wind Power Plant investment in Belarus (IRR, WACC, Payback, NPV, Cash Flow, etc.)
• Over 45 charts, tables and maps
• Overview of Belarus wind power market development 2010 ÷ 2030
• Development scenario of Belarus wind power sector until 2030
• Major active and upcoming wind power plants in Belarus
• Current market prices of fully permitted and operational wind power projects
• Attractiveness index for wind power investments in Belarus and CIS countries
• SWOT Analysis (detailed in 5 pages)
• Overview of Belarus legal and regulatory framework for RES generation
• Review of most relevant financing and supporting incentives
• Project developers, EPC providers and Consultants in Belarus
• Key organizations and stakeholders affecting development of the wind power sector in Belarus
• Investment potential and opportunities

At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com

TABLE OF CONTENTS    3
TABLE OF CONTENTS 3
FOREWORD 7
1 METHODOLOGY AND LIMITATIONS 8
1.1 Research Methodology 8
1.2 Limitations 9
2 EXECUTIVE SUMMARY 10
2.1 Historical and Current Development Overview of Wind Power Market in Belarus 10
2.2 Belarus Wind Resource Potential 10
2.3 Renewable Energy Sources (RES) Policies and Targets 11
2.4 Key Stakeholders Affecting Wind Power Market Development in Belarus 11
2.5 Market Drivers and Constraints 11
2.6 Recent and Pending Changes in Renewable Energy Law in Belarus 12
2.7 Market Forecast Summary 12
3 BELARUS POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 13
3.1 Basic Country Data 13
3.2 Political Climate and Ruling Party 17
3.3 GDP and Economic Growth 17
3.4 Taxes 20
3.4.1 VAT 21
3.4.2 Income and Corporate Taxes 21
3.4.3 Exemption of excise duty 22
4 COMMONWEALTH OF INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET 23
4.1 General Electricity Market information 23
4.2 Wind Power in the Energy Sector 29
4.3 Single Electricity Market of the European Union (EU) 32
4.4 CIS States Common Electricity Market (CIS CEM) 35
4.5 Electricity Market Concept of Eurasian Economics Union (EAU) 36
5 COMMONWEALTH OF INDEPENDENT STATES (CIS) WIND POWER MARKET 37
5.1 Market Overview 37
5.2 Cumulative Installed Wind Capacity and Revenue 38
5.3 Annual Installed Wind Capacity 40
5.4 Future Development Trends 40
6 BELARUS POWER MARKET 42
6.1 Electricity Transmission and Distribution 42
6.2 Electricity Consumption and Generation 44
6.3 Electricity Imports and Exports 48
6.4 Electricity Prices for Business and Households 49
6.5 Renewable Energy Sources (RES) Targets 50
7 BELARUS WIND POWER MARKET 52
7.1 Why Invest in Wind Power in Belarus? 52
7.2 Belarus Wind Resource Potential 53
7.3 Licensing Period Duration 54
7.4 Regional Substation Capacities for Wind Power Projects in Belarus 55
7.5 Overview of Wind Power Market in Belarus 56
7.6 Market Structure Analysis 57
7.7 Investment Trends and Development Roadmap 58
7.8 Competitive Environment in Wind Power Market 59
7.9 Profiles of Key Players and Investors in Wind Power Market 60
7.10 Cumulative Installed Wind Capacity and Revenue 62
7.11 Annual Installed Wind Capacity 64
7.12 Market Prices for Wind Power Projects in Belarus in Development, Ready to Build and Operational (Grid Connected) Condition 64
7.13 Key Cost Structure Elements of Wind Power Plant in Belarus 65
7.14 Levelized Cost of Energy (LCOE) for Wind Power in Belarus 66
7.15 Key Wind Power Projects in Belarus Under Development 67
7.16 Mergers and Acquisitions 70
8 DRIVERS AND CONSTRAINTS OF WIND MARKET IN BELARUS. SWOT ANALYSIS 71
8.1 Market Drivers 71
8.2 Market Drivers Explained 71
8.3 Market Constraints 72
8.4 Market Constraints Explained 72
8.5 SWOT Analysis 73
9 FINANCIAL ANALYSIS OF WIND MARKET IN BELARUS 77
9.1 Financing Options of Wind Power Projects in Belarus 77
9.2 Financial Model and Analysis of 50 MW Wind Power Plant investment in Belarus (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 82
10 TECHNOLOGY ANALYSIS 87
10.1 Wind Technology Overview 87
10.2 Technology Trends 88
11 COMMONWEALTH OF INDEPENDENT STATES (CIS) RENEWABLE ENERGY POLICY LANDSCAPE 90
12 BELARUS RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 92
12.1 Main Laws and Regulations 92
12.2 Support Schemes 93
12.3 Green Certificates Trading 93
12.4 Changes in Renewable Energy Law in Belarus in 2020 94
12.5 Auction (Tender) Procedure for Wind Power Plants in Belarus 97
12.6 Zoning, Planning and Construction Related Authorizations 98
12.7 Environmental Related Authorizations 98
12.7.1 Emerald Network and Environment Protected Areas 99
12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 100
12.8 Energy Law Authorizations 100
12.8.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 100
12.8.2 Grid Interconnection 101
12.8.3 Feed-in Tariff (FIT) 102
12.8.4 Power Off-Take for Green Certificates 104
12.8.5 Power Off-Take under Auction (Tender) Scheme 105
12.8.6 Registers for Green Certificates (Guarantees of Origin) 105
12.9 Future Market Pricing Mechanisms 106
13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN BELARUS 107
13.1 Government Stakeholders 107
13.2 Non-Government Stakeholders 111
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 112
14 CONCLUSIONS AND RECOMMENDATIONS 120
15 LIST OF ABBREVIATIONS 122
16 REFERENCES 124
17 DISCLAIMER 126
APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND BELARUS 127