SOURCE: MarketResearch.com

MarketResearch.com

September 28, 2010 08:08 ET

New Renewable Energy Projects in Western Europe Demand More Robust Infrastructure

ROCKVILLE, MD--(Marketwire - September 28, 2010) -  MarketResearch.com has announced the addition of GBI Research's new report "Power Market in Western Europe to 2020: Increasing Focus on Renewable Power to Change the Energy Mix" to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2707851

The report states that during the forecast period 2010-2020, the demand for electricity is expected to increase and hence new power plants are expected to be built to maintain a sustainable reserve margin in the region. These countries are increasing their power generating capacities to meet their growing electricity demand. Owing to this, demand for power is growing quickly, translating to wide area of growth opportunities in all segments of the power sector.

Countries are actively augmenting its capacity through clean energy sources, namely, wind, solar photovoltaic, and other renewables. Countries such as Germany, France, United Kingdom and Austria have set target to generate 30%, 20%, 15% and 34% respectively from renewable sources by 2020/2025. In order to achieve this target, the Government has undertaken several incentives in the form of tax relief, capital cost grants and subsidies.

The commitment to curtail the carbon emissions has led to the growing investments in renewable power generation. Countries are planning to use supercritical technology which has higher levels of fuel efficiency and lower greenhouse gas emissions.

With the increasing electricity demand, the transmission network has been put under tremendous pressure to supply power without any interruptions. To ease the pressure and supply electricity efficiently, many new transmission projects are currently underway or in a planning stage.

Increasing focus on renewable energy projects and high growth in this sector would demand a more robust infrastructural network. Apart from the existing networks, numerous projects to build transmission networks are either underway or planned.

The transmission and distribution network in Western European countries is currently undergoing major upgradation; few countries like Germany are looking forward for implementation of smart grids and smart meters. However, due to high cost, currently this technology does not hold strong market in the Western European region. Smart-grid technology is the current trend in the transmission and distribution sector, where the market requires huge investments. Moreover, emerging technology, such as high temperature superconductivity (HTS) cables, is likely to influence the transmission and distribution market in few countries.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2707851

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