ey global renewable energy country attractiveness and resource map sep 2014

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  • 8/21/2019 Ey Global Renewable Energy Country Attractiveness and Resource Map Sep 2014

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    Global Cleantech Center

    September 2014

    Global renewable energy

    country attractivenessand resource map

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    Global renewable energycountry attractiveness and resource map

    2 Global Cleantech Center 2014

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    Global renewable energy country attractiveness and resource map

    To provide a global view of the renewableenergy landscape, the following maps presentrenewable attractiveness and resource dataon the 40 countries that are included in EY’sRenewable Energy Country AttractivenessIndex (RECAI).

    The RECAI ranks the attractiveness of 40 nations around the globe forinvestment in renewable energy generation infrastructure. Publishedsince 2003, this widely quoted quarterly publication is an important

    reference for industry specialists and investors worldwide.

    The maps indicate the overall RECAI country ranking and scoreas well as the RECAI technology-specific indices ranks.

    In addition, the maps indicate key baseline renewable resource datafor each county, including installed renewable generation capacity,capacity growth rate, new project pipeline and percentage of electricitygenerated from renewable sources.

    It is important to note that the overall and technology-specific RECAI

    scores are the product of a variety of weighted inputs related to themacroeconomic, energy market and renewable technology drivers ina given country.

    For more information on the index methodology, please contactKlair White, RECAI Editor, at [email protected].

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    4 Global Cleantech Center 2014

    1

    12

    26

    Chile

    Peru

    8 France

    15.8

    14 Belgium

    5.1

    13 Netherlands

    6.2

    1.6

    21 Sweden

    8.6

    2 UnitedStates

    139.0

    5 Canada

    13.6  3 Germany

    76.4

    22 Spain

    34.9

    30 Norway

    6.8

    31 Ireland

    2.0

    0.6

    24 Mexico

    3.6

    18 Portugal

    6.0

    17 Denmark

    6.3

    7 UnitedKingdom

    18.4

    9 Brazil

    19.0

    China

    187.3

    28 Morocco

    0.5

    Installedcapacity (GW)

    KeyRECAIrank

    2 to 5GW

    25 to 40GW

    More than 40GW

    5 to 25GW

    Less than 2GW

    Renewable installedcapacity 2013

    Note: For general comparability, renewable energy resources are presented in

    World

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    4

    6

    11

    29

    23

    20

    32

    1

    India

    Thailand

    Japan

    Poland

    Romania

    China27 Israel

    0.3

    35 SaudiArabia

    0 29.7 Taiwan0.8

    34 Philippines

    2.1

    39 Indonesia

    3.3

    6.0

    3.3

    37 Finland

    3.1

    38 Russia

    1.1

    19 Turkey

    4.4

    34.9

    4.2

    16 SouthAfrica

    0.3

    36 Kenya

    0.4

    40 Ukraine

    1.2

    15 Italy

    33.9

    187.333 Greece

    4.8

    25 Austria

    6.7

    2.5South Korea

    10 Australia

    8.2

    GlobalInstalled capacity

    702.8GWProject pipeline

    733.9GW

    Global renewable energy country attractiveness and resource map

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    KeyRegional

    views and details

    6 Global Cleantech Center 2014

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    Global renewable energy country attractiveness and resource map

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    121

    4

    12

    1

    119

    China

    187.3

    265.9

    22.5%5yr CAGR

    GW now

    in pipeline

    +

    1

    consumption by 2015

    75.13.5%

    Overall score 

    RE electricity

    Key

    CAGR installedrenewablegenerationcapacity2008–13

    2013installedrenewablegenerationcapacity

    GW capacityof renewableprojectsunder way

    Overall RECAI

    score is basedon a variety ofmacroeconomic,energy marketand renewabletechnologydrivers

    Sources and data notes

    • RECAI scores as of September 2014.

    • Renewable capacity and pipeline data are sourced from Bloomberg New Energy Finance as of 10 September 2014.

    • Pipeline capacity totals reflect renewable projects at the following stages of development: financing secured; permitted;

    partially commissioned; and announced/planning begun.

    • Renewable energy electricity percentages are 2013 Business Monitor International estimates as of 10 September

    2014 except for Belgium, Ireland and Norway. For these countries, the percentage is based on 2012 US Energy

    Information Administration (EIA) data for non-hydro renewable generation capacity and total electricity generation as of

    10 September 2014.

    Percentage ofelectricity generatedfrom non-hydrorenewable sources

    RECAI technology indices ranks,reflecting a weighted averageacross macroeconomic, energymarket and technology-specificparameters

    Majordeclaredtop-linerenewablegoal

    OverallRECAI

    ranking

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    Asia-Pacific

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geotherm

    SouthKorea

    55.40.7%

    2.5

    8.5

    22.9%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    11

    consumption by 2030

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    311

    2

    2

    2

    22

    Taiwan

    49.42.1%

    0.8

    0.8

    28.2%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    2316.1% of total installed

    electricity capacity by 20

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    332

    2

    7

    2

    26

    Philippines 40% of electricity by 2020

    44.714.5%

    Overall score

    RE electricity

    6.5

    1.3%5yr CAGR

    2.1GW now

    in pipeline

    +

    34

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    403333

    21

    2

    23

    1317

    Indonesia

    40.95.5%

    3.3

    3.8

    2.8%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    3925% of primary energy

    consumption by 2025

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    121

    4

    12

    1

    119

    China

    187.3

    265.9

    22.5%5yr CAGR

    GW now

    in pipeline

    +

    1

    consumption by 2015

    75.13.5%

    Overall score

    RE electricity

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    16176

    6

    11

    22

    1810

    Australia

    56.75.8%

    8.2

    21.6

    22.0%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    1020% of electricity

    by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    1093

    27*

    3

    2

    412

    Japan

    64.44.4%

    34.9

    9.1

    10.3%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    410% of energy mix

    by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    313912

    20

    29

    17

    3428

    Thailand

    50.54.8%

    3.3

    3.6

    11.6%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    2014% of electricity

    by 2022

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    819

    43

    13

    15

    711

    India

    60.23.8%

    29.7

    24.7

    16.2%

    55GW by 2017

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    6

    Installed capacity

    273.2GWProject pipeline

    347.1GW

    Region total

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    382235

    27*

    31

    36

    1923

    Russia

    40.90.4%

    1.1

    2.3

    0.1%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    384.5% of electricity by 2020

    * Joint ranking (note that for technologies such as solar CSP, geothermal and marine, a large no. of

    countries can score zero, therefore all are on a joint ranking of the rank following the lowest non-zero num

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    Global renewable energy country attractiveness and resource map

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    232

    1

    1

    3

    39

    UnitedStates

    73.86.5%

    139.0

    101.4

    9.4%

    No national target

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    2

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    4117

    24

    19

    12

    54

    Canada

    60.35.0%

    13.6

    16.0

    16.2%

    No national target

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    5

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    2431

    2519

    8

    31

    2821

    Mexico

    48.74.5%

    3.6

    8.5

    19.1%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    2435% of electricity

    by 2026

    North America

    Installed capacity

    156.1GWProject pipeline

    126.0GW

    Region total

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    10 Global Cleantech Center 2014

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    2823

    1810

    34

    26

    2915

    Spain

    50.222.1%

    34.9

    11.0

    6.9%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    22

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    232123

    18

    16

    24

    20

    7

    Portugal

    50.828.1%

    6.0

    1.2

    8.9%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    18

    consumption by 2020

    Europe

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    7111

    27*

    18

    5

    261

    21.2%

    UnitedKingdom

    59.214.9%

    18.4

    56.2

    24.6%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    7

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    51540

    27*

    33

    21

    322

    Ireland

    45.317.2%

    2.0

    4.4

    12.2%

    consumption by 2020

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    31

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    222015

    11

    6

    14

    1122

    Italy

    52.517.0%

    33.9

    4.5

    25.4%

    consumption by 2020

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    15

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    1288

    17

    15

    10

    165

    France

    58.54.6%

    15.8

    7.5

    19.1

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    8

    consumption by 2020

    Installed capacity

    250.8GWProject pipeline

    194.2GW

    Region total

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    14730

    27*

    35*

    13

    3716

    Denmark

    51.750.6%

    6.3

    1.3

    10.1%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    17

    consumption by 2020

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    Global renewable energy country attractiveness and resource map

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    11621

    27*

    26

    9

    3130

    Netherlands

    54.214.1%

    6.2

    5.2

    9.3%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    13

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    20519

    27*

    20

    16

    3031*

    Belgium

    52.815.0%

    5.1

    2.7

    37.3%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    14

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    131438

    27*

    27

    25

    88

    Norway

    45.51.5%

    6.8

    9.5

    1.6%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    30

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    345

    26

    9

    8

    1027

    Germany

    67.021.7%

    76.4

    35.3

    16.9%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    3

    consumption by 2020;

    30% by 2030

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    91237

    27*

    24

    7

    12

    13

    Sweden

    50.414.9%

    8.6

    13.3

    10.8%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    21

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    132

    2

    2

    1

    13

    Austria

    48.614.4%

    6.7

    0.4

    5.5%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    25

    consumption by 2020

    Europe continued, next page

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    171039

    27

    35

    6

    333

    Finland

    44.215.7%

    3.1

    5.0

    6.5%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    37

    consumption by 2020

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    12 Global Cleantech Center 2014

    Europe

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    152526

    12

    5

    32

    920

    Turkey

    50.73.5%

    4.4

    4.7

    29.4%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    1925% of electricity by 2020;

    30% by 2023

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    333627

    14

    23

    35

    3831*

    Greece

    45.015.1%

    4.8

    5.1

    26.1%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    33

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    362834

    27*

    35*

    33

    3631*

    Ukraine

    40.41.1%

    1.2

    3.9

    131.5%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    40

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    181836

    27*

    17

    19

    2531*

    Poland

    46.311.5%

    4.2

    16.7

    28.3%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    29

    consumption by 2020;

    20% by 2030

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    2932

    3127*

    25

    34

    2731*

    Romania

    45.15.6%

    6.0

    6.3

    21.5%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    32

    consumption by 2020

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    Global renewable energy country attractiveness and resource map

    South America

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    62614

    9

    32

    4

    224

    Brazil

    57.07.2%

    19.0

    28.5

    20.0%

    16% of total installed

    electricity capacity by 2020

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    9

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    25249

    2

    10

    20

    1414

    Chile

    54.37.1%

    1.6

    17.9

    9.7%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    1210% of electricity

    by 2024

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    342720

    15

    1427

    631*

    Peru

    48.02.0%

    0.6

    1.2

    6.3%

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    2640% of total energy

    consumption by 2021

    Installed capacity

    21.2GWProject pipeline

    47.7GW

    Region total

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    Middle East and Africa

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    262913

    5

    35*

    37

    2118

    SouthAfrica

    52.30.4%

    0.3

    12.7

    22.6%

    9% of electricity by 2030

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    16

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    273528

    7

    35*

    39

    3931*

    Morocco

    46.44.3%

    0.5

    2.3

    9.5%

    42% of electricity by 2020

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    28 Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    393716

    8

    35*

    38

    3525

    Israel

    46.61.0%

    0.3

    1.4

    55.4%

    Overall score 

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    27

    consumption by 2020

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    353822

    13

    30

    40

    4031*

    SaudiArabia

    44.60.0%

    0.0

    0.1

    N/A

    Overall score

    RE electricity

    5yr CAGR

    GW now

    in pipeline

    +

    3523.85GW by 2022;

    54GW by 2032

    Installed capacity

    1.5GWProject pipeline

    19.1GW

    Region total

    Onshore wind

    Solar PV

    Solar CSP

    Biomass

    Hydro

    Marine

    Offshore wind

    Geothermal

    323432

    16

    4

    30

    2429

    +

    44.49%RE electricity

    60% of energy from renewab

    sources by 2030

    2.6

    7.0%5yr CAGR

    0.4GW now

    in pipeline

    Kenya

    44.3Overall score 

    36

    21.5%RE electricity

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    Global renewable energy country attractiveness and resource map

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    Contacts

    Gil ForerGlobal Cleantech Leader+1 212 773 [email protected]

    Scott SarazenGlobal Markets Leader+1 617 585 [email protected]

    Ben WarrenGlobal CleantechTransactions Leader+44 20 7951 [email protected]

    Paul NaumoffGlobal Cleantech and CCaSSTax Leader+1 614 232 [email protected]

    Heather SibleyGlobal Cleantech AssuranceLeader+1 415 894 [email protected]

    Nicola MarshallGlobal Cleantech TransactionAdvisory Services ResidentManager+1 212 773 [email protected]

    John de YongeDirector, AccountEnablement+1 201 872 1632 [email protected]

    Scott E. AndersonGlobal Marketing Director,Cleantech+1 201 872 [email protected]

    Lily DongeGlobal Knowledge Leader

    +1 202 327 [email protected]

    Alex DesbarresGlobal Strategic Analyst+44 20 7951 [email protected]

    EY | Assurance | Tax | Transactions | Advisory

    About EY

    EY is a global leader in assurance, tax, transaction and advisory

    services. The insights and quality services we deliver help build trust

    and confidence in the capital markets and in economies the world

    over. We develop outstanding leaders who team to deliver on our

    promises to all of our stakeholders. In so doing, we play a critical

    role in building a better working world for our people, for our clients

    and for our communities.

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    of the member firms of Ernst & Young Global Limited, each of

    which is a separate legal entity. Ernst & Young Global Limited, a UK

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    For more information about our organization, please visit ey.com.

    How EY’s Global Cleantech Center can help your business

    From start-ups to large corporations and national governments,

    organizations worldwide are embracing cleantech as a means of

    growth, efficiency, sustainability and competitive advantage.

    As cleantech enables a variety of sectors, old and new, to transform

    and participate in a more resource-efficient and low-carbon

    economy, we see innovation in technology, business models,

    financing mechanisms, cross-sector partnerships and corporateadoption. EY’s Global Cleantech Center offers you a worldwide

    team of professionals in assurance, tax, transaction and advisory

    services who understand the business dynamics of cleantech.

    We have the experience to help you make the most of opportunities

    in this marketplace, and address any challenges. Whichever sector

    or market you’re in, we can provide the insights you need to realize

    the benefits of cleantech.

    © 2014 EYGM Limited.

    All Rights Reserved.

    EYG no. LI015778

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    ED None

    This material has been prepared for general informational purposes only and is notintended to be relied upon as accounting, tax, or other professional advice. Please refer toyour advisors for specific advice.

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