Best practice in harnessing large scale renewable technologies

With ever tightening environmental legislation and growing consumer interest in renewable energy, increasing numbers of utilities are adopting large scale renewable power technologies as core parts of their long-term generation strategies. Yet, not all markets are equal as far as large scale power generation is concerned and certain leading utilities have faired better than others.

Report Highlights
Lucrative policy subsidies are driving the development of green technologies, more so than competition or demand. Spain ranks highest across more metrics but Germany ranks highest overall. This is largely due to Germany's feed-in tariffs and its ambitious targets for renewables which provide great demand and security for project development.

In its home market and elsewhere, Iberdrola sets the standard. It's success in harnessing large-scale renewable power technologies is built on five key best practice elements: market diversity, a diverse and flexible manufacture and supply base, a strong project pipeline, operational due diligence and a prudently hedged investment strategy.

Italy comes fourth in Datamonitor's rankings, on account of its green certificate subsidy system and comparatively low annual gap to target for renewables. Enel Green Power has a small foothold in its Italian home market, for good reasons. For this company, best practice has meant expanding largely outside of its home market.
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Figure 1: Datamonitor's renewable power generation market attractiveness scale 3
Figure 2: Datamonitor's renewable power generation market attractiveness scoring metrics and their weights 4
Figure 3: Datamonitor's renewable power generation market attractiveness index provides the following scores 7
Figure 4: In the current economic climate, markets operating feed-in / hybrid tariffs and ambitious enforceable targets will prevail 8
Figure 5: Of the six markets, Spain has the highest policy score and the highest infrastructure score 9
Figure 6: French renewables support frameworks are abundant and amongst the most generous 10
Figure 7: Of the six countries covered by Datamonitor's renewable index, Italy has the lowest technology score 11
Figure 8: The UK's renewables support framework is sub-optimal and isn't favoured by investors during recessionary times 12
Figure 9: Denmark ranks last because of its restricted grid capacity and reduced tariff incentives 13
Figure 10: Subsidy is driving green power, more than competition or demand. 14
Figure 11: One of E.ON's growth investment objectives is to expand its renewables base worldwide yet E.ON is one of the few major utilities to have a small renewable asset base in its home market 15
Figure 12: Since May 2007, E.ON Climate & Renewables grew its capacity from 420 MW to 1,350 MW managing scale, complexity and time scales, moving the business from boutique to industrial 16
Figure 13: Iberdrola has a leading presence in its Spanish home market and a diversified presence in the highest growth markets 17
Figure 14: Iberdrola's has deployed ""best practice"" in five key areas 18
Figure 15: In 2008, EDF Nouvelles Energies grew its renewable asset base at a fast pace but the volumes are still low compared to many of its European neighbors 19
Figure 16: With nearly 4,300 MW installed capacity, Enel Green Power is a sizeable player yet the company has a small foothold in its home market, for good reasons 20
Figure 17: For Enel Green Power, ""best practice"" has meant expanding outside of its home market 21
Figure 18: SSE' success in the comparatively difficult UK market is built upon seven key ""best practice"" areas 23
Figure 19: Dong Energy has established pioneering ""best practice"" in offshore wind power operations 24
Figure 20: Weighted metrics and sub-metrics have been applied to Datamonitor's renewable energy country attractiveness index 26
Figure 21: Germany - renewable energy country attractiveness index data 26
Figure 22: Spain - renewable energy country attractiveness index data 27
Figure 23: France - renewable energy country attractiveness index data 27
Figure 24: Italy - renewable energy country attractiveness index data 28
Figure 25: UK - renewable energy country attractiveness index data 28
Figure 26: Denmark - renewable energy country attractiveness index data 29
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