This market report offers an incisive and reliable overview of the wind energy sector of Western Balkans countries for the period 2016 ÷ 2025...
Update: June, 2017; NOTE: We have a new version of this report for the 2024 - 2033 period. Please review it here: https://renewablemarketwatch.com/country-reports/europe/western-balkans
Format: 1 file(s) (PDF report) in English language
Author: Renewable Market WatchTM
Pages: 303
Report production №: RMWIN34920161265
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This market report offers an incisive and reliable overview of the wind energy sector of Western Balkans countries for the period 2016 ÷ 2025. Newly installed wind capacity in this region will exceed XXX GW in the next 5 years. The number of fully permitted and ready to build projects is promptly increasing. Small wind market segment for turbines below 500 KW in many countries is not developed and forecasted to score significant growth in the near future. The report provides a complete picture of the market situation, dynamics, risks, current issues and future prospects. You will find 300 pages of valuable information in this unique in-depth analysis of the Western Balkans countries wind market. With comprehensive market data this report brings clear and concise insights, to help investors, manufacturers and service providers in their decision making process. For your convenience we offer opportunity for orders with customized book content. Reasons to buy this market report are, but no limited to:
- Wind resource potential in Western Balkans countries
- Historical market data provided from 2000 to 2016 and forecasts until 2025
- Overview of Western Balkans wind energy market development 2000 ÷ 2025 by countries
- Development scenario of Western Balkans countries wind power sector until 2025
- Major active and upcoming wind power plants in Western Balkans countries
- Attractiveness indices for wind energy investments in Western Balkans countries
- SWOT Analysis (detailed in 5 pages)
- Overview of Western Balkans legal and regulatory framework for RES generation by countries
- Competititve Landascape, Project developers and Investors in Western Balkans countries
- EPC & O&M providers, Equipment manufacturers and Consultants in Western Balkans countries
- Key organizations and stakeholders affecting development of the wind sector by countries
- Comprehensive review of smart grid development in Western Balkans countries
- 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
FOREWORD 10
1. METHODOLOGY 12
1.1. Methodology 12
1.2. Limitations 15
2. EXECUTIVE SUMMARY 16
3. WESTERN BALKAN COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE 19
3.1. RES Regulations and Directives of European Union (EU) affecting Western Balkan countries 19
3.1.1. Precedent regulations 19
3.1.2. EU 2030 Framework for climate and energy policies 20
3.1.3. EU Energy Roadmap 2050 23
3.1.4. TWENTIES Project 26
3.1.5. European Technology Platform for Wind Energy (TPWind) 27
3.1.6. SET Plan 28
3.2. NATURA 2000 Network 32
3.3. Energy Community (EC) Treaty 33
3.4. Renewable energy mandatory targets for EU member states from Western Balkans countries 34
4. WESTERN BALKAN COUNTRIES ENERGY MARKET 36
4.1. General electricity market information 36
5. WORLD WIND ENERGY MARKET 41
6. EUROPEAN WIND ENERGY MARKET 48
7. WESTERN BALKAN COUNTRIES WIND RESOURCE POTENTIAL AND MAPPING 56
8. WESTERN BALKAN COUNTRIES WIND ENERGY MARKET 58
8.1. Market overview 58
8.2. Country attractiveness index for wind energy investments 60
9. COUNTRY PROFILES 61
9.1. ALBANIA 61
9.1.1. Albania Wind Energy Market Overview 61
9.1.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 62
9.1.3. Major deals, M&A activity, major planned, development and operating wind projects 65
9.1.4. RES Legal and Regulatory Framework 67
9.1.5. Key Stakeholders, Organizations and Institutions 73
9.2. BOSNIA AND HERZEGOVINA 76
9.2.1. Bosnia and Herzegovina Wind Energy Market Overview 76
9.2.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 78
9.2.3. Major deals, M&A activity, major planned, development and operating wind projects 81
9.2.4. RES Legal and Regulatory Framework 82
9.2.5. Key Stakeholders, Organizations and Institutions 86
9.3. BULGARIA 91
9.3.1. Bulgaria Wind Energy Market Overview 91
9.3.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 92
9.3.3. Major deals, M&A activity, major planned, development and operating wind projects 94
9.3.4. RES Legal and Regulatory Framework 95
9.3.5. Key Stakeholders, Organizations and Institutions 97
9.4. CROATIA 102
9.4.1. Croatia Wind Energy Market Overview 102
9.4.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 104
9.4.3. Major deals, M&A activity, major planned, development and operating wind projects 109
9.4.4. RES Legal and Regulatory Framework 111
9.4.5. Key Stakeholders, Organizations and Institutions 115
9.5. GREECE 118
9.5.1. Greece Wind Energy Market Overview 118
9.5.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 121
9.5.3. Major deals, M&A activity, major planned, development and operating wind projects 122
9.5.4. RES Legal and Regulatory Framework 124
9.5.5. Key Stakeholders, Organizations and Institutions 127
9.6. KOSOVO 132
9.6.1. Kosovo Wind Energy Market Overview 132
9.6.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 132
9.6.3. Major deals, M&A activity, major planned, development and operating wind projects 135
9.6.4. RES Legal and Regulatory Framework 136
9.6.5. Key Stakeholders, Organizations and Institutions 139
9.7. MACEDONIA 142
9.7.1. Macedonia Wind Energy Market Overview 142
9.7.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 143
9.7.3. Major deals, M&A activity, major planned, development and operating wind projects 146
9.7.4. RES Legal and Regulatory Framework 148
9.7.5. Key Stakeholders, Organizations and Institutions 154
9.8. MONTENEGRO 156
9.8.1. Montenegro Wind Energy Market Overview 156
9.8.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 156
9.8.3. Major deals, M&A activity, major planned, development and operating wind projects 157
9.8.4. RES Legal and Regulatory Framework 158
9.8.5. Key Stakeholders, Organizations and Institutions 159
9.9. ROMANIA 162
9.9.1. Romania Wind Energy Market Overview 162
9.9.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 164
9.9.3. Major deals, M&A activity, major planned, development and operating wind projects 165
9.9.4. RES Legal and Regulatory Framework 167
9.9.5. Key Stakeholders, Organizations and Institutions 185
9.10. SERBIA 190
9.10.1. Serbia Wind Energy Market Overview 190
9.10.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 192
9.10.3. Major deals, M&A activity, major planned, development and operating wind projects 197
9.10.4. RES Legal and Regulatory Framework 199
9.10.5. Key Stakeholders, Organizations and Institutions 204
9.11. SLOVENIA 208
9.11.1. Slovenia Wind Energy Market Overview 208
9.11.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 209
9.11.3. Major deals, M&A activity, major planned, development and operating wind projects 212
9.11.4. RES Legal and Regulatory Framework 213
9.11.5. Key Stakeholders, Organizations and Institutions 218
9.12. TURKEY 224
9.12.1.Turkey Wind Energy Market Overview 224
9.12.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 225
9.12.3. Major deals, M&A activity, major planned, development and operating wind projects 227
9.12.4. RES Legal and Regulatory Framework 228
9.12.5. Key Stakeholders, Organizations and Institutions 244
10. COMPARATIVE ANALYSIS OF SUPPORT SCHEMES IN WESTERN BALKAN COUNTRIES. FEED-IN TARIFFS AND GREEN CERTIFICATES 248
11. COMPARATIVE ANALYSIS OF MANDATORY CAPACITY GENERATION TARGETS IN WESTERN BALKAN COUNTRIES 249
12. ELECTRICITY GRID NETWORK IN WESTERN BALKAN COUNTRIES 251
12.1. Transmission System Operators (TSO’s) 252
12.2. Distribution System Operators (DSO’s) 257
12.3. Grid connection constraints 261
13. SMART GRID DEVELOPMENT IN WESTERN BALKAN COUNTRIES 264
13.1. Smart Grid and Super Smart Grid Concept 264
13.2. Smart grids development in the Western Balkan countries 266
14. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN WESTERN BALKANS WIND ENERGY MARKET 270
15. EPC AND O&M PROVIDERS, EQUIPMENT MANUFACTURERS AND CONSULTANTS IN WESTERN BALKANS WIND ENERGY MARKET 274
16. SWOT ANALYSIS OF WESTERN BALKANS WIND ENERGY MARKET 281
17. RISKS ABOUT WIND INVESTMENTS IN WESTERN BALKAN COUNTRIES 285
17.1. Risks Associated with the Wind Energy Industry in Western Balkan countries 285
17.1.1. Regulatory Risk 285
17.1.2. Competition within the Wind Energy Industry 285
17.1.3. Public Attitudes towards Wind Energy Projects 286
17.1.4. Emerging Market Risk 287
17.1.5. Insurance Risk 287
17.1.6. Force Majeure Risk 287
17.2. Risks Associated with the Investor’s Finance Arrangements 287
17.2.1. Asset Sale Risk 287
17.2.2. Borrowing Risk 288
17.2.3. Foreign Exchange Risk 288
17.3. Risks Associated with the Development of Wind Energy Plants 289
17.3.1. Variability in the Source of Wind Energy 289
17.3.2. Development of the Project and Construction Risk 289
17.3.3. Capital Cost Risk 289
17.3.4. Permits 290
17.3.5. Land Options 290
17.3.6. Construction 291
17.3.7. Dependency on Suppliers 291
17.3.8. Technology Risk 291
17.3.9. Operation and Maintenance Risk 292
17.3.10. Market Price of Electricity 292
18. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN WESTERN BALKAN WIND ENERGY MARKET 293
19. CONCLUSIONS 295
20. LIST OF ABBREVIATIONS 297
21. REFERENCES 299
22. DISCLAIMER 302
23. APPENDIX I. WIND MAPS OF EUROPE AND WESTERN BALKAN COUNTRIES 303
- MAP 1: The synchronous grids of Europe (ENTSO-E) 37
MAP 2: Interconnection Grid Map of Western Balkan countries, ENTSO-E, 2016 39
MAP 3: Wind resource potential of Western Balkan countries. Mean wind speed at 80 m., 2016 57
MAP 4: Wind Resource Map of Albania 62
MAP 5: Wind Resource Map of Bosnia and Herzegovina 77
MAP 6: Wind Resource Map of Bulgaria 91
MAP 7: Wind Resource Map of Croatia 103
MAP 8: Wind Resource Map of Greece 119
MAP 9: Wind Resource Map of Macedonia 143
MAP 10: Wind Resource Map of Romania 162
MAP 11: Wind Resource Map of Serbia 190
MAP 12: Slovenia Wind Resource Map 208
MAP 13: Turkey Wind Speed and Power Density Map 224
MAP 14: Smart Grid Projects Map in Europe 2016, JRC 269
Map 15: Mean 80-m wind speeds in Europe and Western Balkan countries from Stanford University 303
Map 16: Global Mean Wind Speed at 80 m, 3TIER Inc. 304
Map 17: European Wind Atlas, Risø DTU National Laboratory, Denmark 305
Chart 1: Technology Road Map for Wind Energy Development, SET Plan 29
Chart 2: World Total Installed Cumulative Wind Capacity 1997 - 2016 41
Chart 3: World New Installed Wind Capacity 1998 - 2016 43
Chart 4: Top 10 Countries by Growth Rate (in %). Markets bigger than 200 MW, 2016 44
Chart 5: Shares in New Installed Wind Capacity by Continents (in %), 2016 45
Chart 6: World Cumulative Wind Power Installations in GW for 1997 - 2026 46
Chart 7: EU Member States Shares for New Installed Wind Capacity in 2016 in MW 48
Chart 8: Share of New Power Capacity Installations in EU 2016 in MW 50
Chart 9: Share of New Renewable Power Capacity Installations in the EU in MW in 2016 51
Chart 10: Installed Power Generating Capacity in MW and RES share in the EU for 2000 - 2016 52
Chart 11: Net Electricity Generating Installations in the EU for 2000 - 2016 in GW 53
Chart 12: Annual Wind Power Installations in the EU in GW for 2000 - 2016 53
Chart 13: Cumulative Wind Power Installations in the EU in GW for 2000 - 2016 54
Chart 14: Cumulative developments of wind power plants in Western Balkan countries in MW from 2000 to 2025, including estimates 59
Chart 15: Cumulative developments of wind power plants in Albania in MW from 2000 to 2025, including estimates 66
Chart 16: Cumulative developments of wind power plants in Bosnia and Herzegovina in MW from 2000 to 2025, including estimates 82
Chart 17: Bulgarian RES targets in % set by the EU 93
Chart 18: Cumulative developments of wind power plants in Bulgaria in MW from 2000 to 2025, including estimates 95
Chart 19: Cumulative developments of wind power plants in Croatia in MW from 2000 to 2025, including estimates 111
Chart 20: Cumulative developments of wind power plants in Greece in MW from 2000 to 2025, including estimates 124
Chart 21: Cumulative developments of wind power plants in Kosovo in MW from 2000 to 2025, including estimates 135
Chart 22: Cumulative developments of wind power plants in Macedonia in MW from 2000 to 2025, including estimates 147
Chart 23: Cumulative developments of wind power plants in Montenegro in MW from 2000 to 2025, including estimates 158
Chart 24: Cumulative developments of wind power plants in Romania in MW from 2000 to 2025, including estimates 167
Chart 25: Cumulative developments of wind power plants in Serbia in MW from 2000 to 2025, including estimates 199
Chart 26: Cumulative developments of wind power plants in Slovenia in MW from 2000 to 2025, including estimates 212
Chart 27: Turkish RES targets for 2023 in % set by the State Planning Organization 226
Chart 28: Cumulative developments of wind power plants in Turkey in MW from 2000 to 2025, including estimates 228
Chart 29: Mandatory capacity generation targets for share of renewable energies in Western Balkan countries from 2005 to 2025 249
Chart 30: Forecast for total Net Generation Capacity in the EU by source type 2016 - 2030 257
Chart 31: RWE Group position on individual markets (by sales) in 2016 258
Chart 32: Map of RWE Group Operations in Western Balkan countries 259
Chart 33: Map of CEZ Group Operations in Western Balkan countries 260
Chart 34: Smart Grid Model Concept 264
Chart 35: The SuperSmart Grid Diagram 266
Chart 36: Cumulative number of smart grid projects in selected Western Balkan countries compared to average EU number, 2000 ÷ 2016 267
Chart 37: Cumulative budget of smart grid projects in selected Western Balkan countries compared to average EU numbers, 2000 ÷ 2016 268
Table 1: Support schemes for RES generation in the EU countries 49
Table 2: Attractiveness index for wind energy investments in Western Balkan countries in 2017 60
Table 3: Feed-in tariff for wind energy in Bosnia and Herzegovina 86
Table 4: Feed-in tariff for wind energy in Bulgaria 97
Table 5: Feed-in tariff for wind energy in Croatia 115
Table 6: Feed-in tariff for wind energy in Greece 127
Table 7: Feed-in tariff for wind energy in Macedonia 154
Table 8: Feed-in tariffs for wind energy in Montenegro 159
Table 9: Green certificates for wind energy in Romania 184
Table 10: Feed-in tariff for wind energy in Serbia 203
Table 11: Feed-in-tariffs for electricity from rooftop photovoltaic energy in Slovenia 211
Table 12: Feed-in tariff for wind energy in Slovenia 217
Table 13: Feed-in tariff for wind energy in Turkey 242
Table 14: Additional incentives to Feed-in-tariffs for electricity from wind sources in Turkey for domestic procurement 244
Table 15: Support schemes in Western Balkan countries. Comparative analysis 2017 248
Table 16: List of TSO's in Western Balkan countries 2014 256
