United States, India and Sweden Renewables Report Q2 2016; New Report Launched

Latest Updates and Structural Trends

• We expect wind and solar capacity to grow by 13.5% and 38.5% in 2016 respectively, with overall non hydopower renewables generating a 8.24% share of total electricity generation.
• The multi-year extension of the US government's tax credits in December 2015 for solar and wind power have increased long-term predictability for investors and developers in the sector, rendering the US one of the world's most attractive solar markets in the world and led to a strong ten-year forecast also for the wind sector.
• In December 2015, Google announced in December 2015 that it signed power purchase agreements (PPAs) for 842MW of renewable capacity to power its datacentres.

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Solar capacity will register the fastest growth rates over our 10-year forecast period and dominate the project pipeline. The ongoing sector and country-specific risks, such as the land acquisition bill, T&D bottlenecks and business environment hurdles threaten project realisation. Countries that have recently formed trade links with India, such as UK and US, will continue to play a key role in the competitive landscape.

Latest Updates And Structural Trends

• The Asian Development Bank is providing a USD6mn loan to help fund the installation of 75,000 offgrid solar systems in India - via Simpa Energy India. Mobile phones will used to set up payment plans for the systems.
• Inox Wind commissioned a 170MW wind farm in Ratlam District, Madhya Pradesh in February 2016, for renewable energy group Continuum Wind Energy. The two firms are holding advanced talks regarding more orders in future.
• In January 2016, it was announced that EDF Énergies Nouvelles has acquired a 50% stake in Indian wind power company SITAC Wind Management and Development. The venture plans to install 142MW of wind capacity in the country in 2016.

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We hold a relatively muted outlook for the Swedish non-hydropower renewables sector this quarter, as lack of regulatory clarity will weigh on investor sentiment. We attribute this view to the planned introduction of new taxes for the sector, uncertainty over tax harmonisation with Norway regarding the shared REC subsidy scheme and limited visibility into mooted nuclear power phase-down plans.

Lates Updates And Structural Trends

• The implementation of the proposed removal of tax exemptions for wind power projects and introduction of a tax on photovoltaic (PV) solar power projects with more than 255kW of capacity would dramatically slow deployment of new utility-scale solar projects in Sweden.
• Uncertainty over the renewable energy electricity certificate market (REC) shared between Sweden and Norway and how to equate a highly Sweden-centric investment tendency due to favourable Swedish taxation rules will cause some uncertainty over the direction of the subsidy scheme. As Sweden wished to increase the pool of renewable energy certificates for the scheme, Norway has set Swedish tax harmonisation with Norwegian tax rules as a prerequisite.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/sweden-renewables-report-q2-2016