(MENAFNEditorial)
Spain's power sector is very well developed with extensive generation and capacity making the country a net electricity exporter. As a mature market there are few new developments in the pipeline and we expect generation to remain largely stagnant over the forecast period though renewables do provide some capacity for growth. An uncertain regulatory environment and limited consumption growth will likely continue to deter investors and many of Spain's large electricity firms are increasingly focused on overseas opportunities.
Non-hydropower renewables will see the most consistent growth over the forecast period with a range of both wind and solar power projects in the pipeline adding to total generation. We expect non-hydropower renewables generation to increase from 68.6 terawatt hours (TWh) in 2015 around a quarter of total generation to 79.4TWh in 2024 increasing the share to 29.1%. Over the same period total generation will remain steady at around 273TWh as renewables compensate for a contraction in coal and oil thermal power. Spain is expected to record more positive economic growth over the short to medium term indicating potential for an increase in domestic consumption however overall we expect Spain to remain a net electricity export - an expectation supported by the increasing focus on expanding interconnections with neighbouring France and from there throughout Europe in order to increase power security in the region.
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Key Trends And Developments:
* Spanish utility firm Endesa has announced a collaboration with Nissan Motor Company to launch a commercially viable Vehicle to Grid electricity management system in Europe. The system allows a bi-directional flow of energy enabling electric vehicle (EV) owners to recharge their vehicles during low demand periods at a cheaper rate and sell unused energy from their vehicle's batteries back to the grid during peak periods at a higher price. Under the terms of the agreement the two...
The Spain Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal gas oil nuclear hydro and non-hydro renewables) electricity consumption trade transmission and distribution losses and electricity generating capacity.
The Spain Power Report also analyses the impact of regulatory changes recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales market share investments projects partners and expansion strategies.
Key Benefits
* Use BMI's independent industry forecasts for Spain to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Spain's power sector through our reviews of latest power industry trends regulatory changes and major deals projects and investments in Spain.
* Assess the activities strategy and market position of your competitors partners and clients via our Competitive Landscape analysis.
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering power markets regulatory changes major investments projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the power sector and within the broader political economic and business environment.
BMI’s Power Forecast Scenario
Forecasts to end-2024 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Generation: Electricity generation total thermal coal natural gas oil nuclear hydropower hydro-electric pumped storage and non-hydropower renewables.
* Transmission and Distribution Losses: Electric power transmission and distribution losses.
* Trade: Total imports and exports.
* Electricity Consumption: Net consumption.
* Electricity Capacity: Capacity net conventional thermal nuclear hydropower and non-hydroelectric renewables.
BMI’s Power Risk Reward Index
BMI’s Risk Reward Indices provide investors (power companies service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors
Market Overview
Structure size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment sustainable energy policies pricing and the latest regulatory developments.
Key Projects Database
Details and analysis of all current and planned developments (new ventures capacity expansion and other investments) across the sector broken down by location sector type capacity value companies and operational status.
Competitive Landscape
Illustration of the power industry that exploits our data-rich in-depth analysis of the leading players in the sector and examination of operational results strategic goals market position and the potential for investment.
Power Outlook long-Term Forecasts
Regional long-term power forecasts covering electricity generation consumption and capacity for thermal hydroelectric and nuclear power. These are supported by a country specific overview alongside an analysis of key downside risks to the main forecasts.
Regional Overview
Providing BMI’s near-term economic outlook for the region as a whole as well as taking a close look at countries of particular interest and the latest trends and developments.
Sources
The Power Market Reports draw on an extensive network of primary sources such as multilateral organisations government departments industry associations chambers and company reports including Energy Information Administration (EIA) World Bank (WB) and United Nations (UN).
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