MERCHANDISER
Rapid European Biopower
Growth Expected BIOPOWER, WHICH USES biomass for electricity generation, remains a niche market but one that is expected to grow rapidly in Europe as utilities turn to the technology as a source of reliable and cost-competitive renewable power, according to a new market study from IHS Emerging Energy Research. Although wind and solar power will continue to dominate
the European renewables market, biopower is an attractive option for utilities looking to cope with intermittent supplies from wind and to maintain their existing coal-fired power stations, according to the study Europe Biopower Markets and Strategies: 2012 – 2035. IHS forecasts that biopower capacity will grow by
30 gigawatts (GW) to 56 GW between 2012 and 2035, representing 6% of the additional renewable capacity in the EU. However, the study notes that the industry faces a number of challenges – including a continuing need for subsidies – that could hamper its expansion despite the EU’s drive towards more renewable energy.
“The challenges in sourcing high-quality and sufficient biomass feedstock, as well as the uncertain financial support for biopower generation, constrain the development of biopower capacity in the EU,” says Marianne Boust, Associate Director at IHS who led the study. The EU’s scarcity of domestic wood resources means it will
increasingly rely on imported biomass feedstock. In addition, biopower is currently not competitive with wholesale power prices and relies on government support and so market growth is influenced by financial incentives. The EU is the world’s second largest biopower market with
30 GW of new additions by 2035, behind Asia Pacific (46GW) but surpassing Latin America (29 GW), says the report. Growth in the EU will be led in the short term by the
construction of new dedicated biomass plants. In the longer-term, growth will come from the conversion of coal to biomass plants driven by environmental regulations and higher carbon prices.
To download the Report go to:
www.emerging-energy.com
IHS Emerging Energy Research is an industry leader for data and insight on the global renewable energy marketplace.
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