Ireland Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and Competitive Landscape

Ireland Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and Competitive Landscape

  • July 2019 •
  • 71 pages •
  • Report ID: 5436981 •
  • Format: PDF
Ireland Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and Competitive Landscape

Summary
Ireland is expected to attract massive investment as the country is set to add 5.8 gigawatt (GW) of non-hydro renewable power capacity over the next decade to reach a total 9.6GW by 2030 and account for 65% of the country’s installed capacity. During the forecast period, offshore wind capacity is set to increase from 25 megawatt (MW) to 1.9GW at a compound annual growth rate (CAGR) of 48.8%, and solar PV will rise from 25MW to 1.3GW at a CAGR of 43%. During the same period, power consumption in Ireland will see a minimal increase, reaching 31.4 terawatt hour (TWh) in 2030 from 27.9TWh in 2019 (a marginal 1.1% CAGR).

Ireland’s offshore wind and solar PV capacity, has considerable potential, which will push the contribution of renewable power to installed capacity to 62% by 2025 and 65% by 2030.This will open up new markets for wind turbines and modules for solar plants, as well as associated equipment required for transmitting generated power to the grid.

The market for laying cables under the sea will also be a key business opportunity in the country.

This addition to Ireland’s renewable power capacity is being driven by various government incentives and policies intended to fill the void left by the phasing out of coal in 2025.Renewable capacity expansion will necessitate grid modernization in order to manage much higher volumes of renewable energy with inherent variability.

This, in turn, will involve huge investment in grid infrastructure along with the introduction of energy storage systems to enable a steady supply of power when renewable energy is unavailable.

With a minimal increase in power consumption expected, Ireland’s gas-based power capacity, which provides the country’s base-load power demand, combined with those new renewable resources with integrated energy storage systems are well placed to meet the country’s power demands over the next decade.

The report "Ireland Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and Competitive Landscape", elaborates Ireland’s power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the country’s power market regulatory structure, import and export trends, competitive landscape, and power projects are provided.

The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario, and future potential. An analysis of the deals market scenario in the country’s power sector is also included in the report.

Scope
- Snapshot of the country’s power sector across parameters - macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector.
- Statistics for installed capacity, power generation and consumption from 2010 to 2018, forecast for the next 12 years to 2030
- Break-up by technology, including thermal, hydro, renewable and nuclear
- Data on leading current and upcoming projects
- Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants and SWOT analysis.

Reasons to buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy and prospects.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.