Key View:We expect many markets in the European region to see accelerated capacity growth over 2021 as a result of pent-up demand from lockdowns due to the Covid-19 pandemic. Furthermore, we also expect the renewables sector in many European markets, particularly those in the EU, to benefit from increased spending levels as a result of stimulating their economic growth. We would also expect to see a surge in private sector involvement as markets seek to stimulate growth without the need for large-scale borrowing, which will be particularly evident in the UK. Within the European region, we expect to see non-hydropower renewables development in the east bridging the east-west power divide. We also expect increased interconnections to further draw markets in the region together. This will be of particular importance as a number of markets, including Germany, phase out coal. We continue to expect the development of low-carbon hydrogen to accelerate across the region as more markets look to adopt the technology through large-scale deployment plans.
Table of Contents
- Key View
- Industry Risk/Reward Index
- CEE Power RRI: Continued Power Sector Growth Extends Poland's Lead In The Rankings
- NAWE Power RRI: Renewables & Gas To Boost NAWE Rewards
- Industry Trend Analysis
- The End Of The European Power Divide
- Grid Integration Promoting Renewable Proliferation In Eastern EU Markets
- Hydrogen Accelerating Trends In Decarbonising European Gas Sector
- Blue Hydrogen To Find Focused But Limited Growth In Europe
- German Power Sector Shifting Rapidly Away From Coal
- Private Sector Finance To Lead UK Energy Transition
- Regional Overview
- CEE Power Regional Overview: High Thermal Power Reliance Over The Next Decade
- NAWE Power Regional Overview: US Lead Shifts In Capacity While Western Europe Seeks Low Carbon Generation
- Power Glossary
- Power Methodology
