Power Market in Eastern Europe to 2020: New Investments to Drive Power Demand in the Region
07/21/2010

Russia and Ukraine, Largest Power Markets by Installed Capacity in Eastern Europe

Online PR News – 21-July-2010 – – In the year 2009, Russia emerged as the largest power market in terms of installed capacity among the East European countries with a share of 59.1% of the total installed capacity. Ukraine was the second largest market having a share of 14.1% in total installed capacity. This was followed by Poland and Czech Republic having a share of 8.4% and 4.7% in the total installed capacity. Romania had a market share of 4.2% in total installed capacity and is the fifth largest country by installed capacity among the Eastern Europe countries.

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Most of the Eastern Europe countries will see a growth in electricity consumption. Increase in electricity consumption will require increased generation in the countries. This region has shown increased consumption during the period 2000¬2008 due to industrialization, increasing population and extreme climate conditions. In the year 2009, the total consumption of the entire Eastern Europe declined due to the economic downturn. Since the industry sector, which consumes the highest percentage of electricity, was negatively affected by the global economic downturn, there was an overall decline in total power consumption during this period. Electricity consumption is expected to increase moderately during the forecast period 2010– 2020 due to increasing personal income and resulting electricity demand.

The countries are actively augmenting their capacity through clean energy sources, namely, nuclear and renewables (wind, solar PV, geothermal, biomass). Countries such as Czech Republic and Ukraine have plans to built nuclear reactors by 2020. Russia and Romania have set target to generate 4.5% and 38% respectively from renewable sources by 2020. Hungary is expected to increase power generation from renewable sources to 17% by 2020. Countries like Slovakia, Poland, Croatia and Romania have set target of renewable sources contributing to 14%, 15%, 20% and 24% respectively of total energy consumption by 2020. On the guidelines of the Directive on the Promotion of the Use of Energy from Renewable Sources, Lithuania has set a target for the country to generate 23% of its total primary energy requirements from renewable energy sources by 2020.

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In order to achieve the targets, the governments of these countries have formulated numerous legislations and are actively promoting renewable energy development. The governments are also providing various incentives and benefits to the developers of renewable power plants in order to promote clean sources of energy for future electricity generation. In Eastern Europe Countries, green tariff system has so far been successful in attracting the interest of foreign investors towards the renewable power. The commitment to curtail the carbon emissions has led to growing investments in power sector.

GBI Research has released its power report, “Power Market in Eastern Europe to 2020: New Investments to Drive Power Demand in the Region”. The report gives an in-depth analysis of the top 10 Eastern Europe power markets, (Russia, Lithuania, Bulgaria, Slovakia, Poland, Hungary, Romania, Croatia, Czech Republic and Ukraine). The research analyzes the regulatory framework and infrastructure of the power sector in these 10 countries. It provides a detailed forecast of the installed capacity by thermal, hydro, renewable and nuclear sources in each of the top 10 countries to 2020. The report also includes detailed information on the active and upcoming power plants in the top 10 Eastern European power markets.

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http://gbiresearch.com/Report.aspx?ID=Power-Market-in-Eastern-Europe-to-2020-New-Investments-to-Drive-Power-Demand-in-the-Region&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Alternative_Energy

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