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Germany Power Market Outlook to 2030 Business Propensity Indicator (BPI), Market Trends, Regulations and Competitive Landscape GDPE0642ICR / Published January 2013

Germany Power Market Outlook to 2030: Business Propensity Indicator (BPI), Market Trends, Regulations and Competitive Landscape

GDPE0642ICR / Published JAN 2013

© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

Thermal Power from Coal is the Dominant Source of Energy in Germany

Thermal power from coal is the dominant source of energy in Germany, and accounted for XX% of total installed capacity in the country in 2011. Coal-fired installed capacity accounted for XX MW of the total installed capacity of XX MW in Germany in 2011. Although it is a dominant source of energy in the country, coal-fired capacity increased very slightly between 2000 and 2011 at a Compound Annual Growth Rate (CAGR) of XX%. This has been due largely to the focus placed by the German government on the development of renewable technologies, with the aim of reducing the country’s carbon footprint. Coal-based thermal power is expected to continue to be the dominant source of energy in the country until 2030, due largely to the phase out of nuclear technology, during which it is expected that coal-fired power will be the most reliable energy source in terms of providing for baseload capacity. Germany possesses substantial coal reserves but negligible reserves of gas or oil.

Power Market, Germany, Breakdown by Type of Power Plant (%), 2011

Coal (thermal)

Wind (onshore)Gas (thermal)

Solar (PV)

Nuclear

Large hydro including pumped storage

Oil (thermal)

Biomass

Biogas

Others (small hydro, wind

(offshore), and geothermal)

Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on September 7, 2012]

Continued Growth in Electricity Consumption and Generation

Between 2000 and 2011, power consumption in Germany has registered growth due to the expansion of the industrial sector. The consumption of electricity increased from XX GWh in 2000 to XX GWh in 2011 at a CAGR of XX%. Electricity generation increased during the same period at a CAGR of XX% from XX GWh in 2000 to XX GWh in 2011.

Power Market, Germany, Annual Power Consumption (GWh) and Annual Power Generation (GWh), 2000-2011

2000 2005 2011

Tota

l gen

erat

ion

(GW

h) a

nd co

nsum

ptio

n (G

Wh)

Annual consumption (GWh) Annual generation (GWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on September 7, 2012]

Renewable Power is the Fastest Growing Sector in Germany

The renewable power sector is expected to be the fastest growing sector in the country up to 2030. Renewable installed capacity amounted to a low total of XX MW in 2000, representing XX% of the total installed capacity of the country in 2000. Renewable energy installed capacity increased at a CAGR of XX% to reach XX MW in 2011. While thermal power capacity is expected to grow at a CAGR of only XX% and hydropower capacity at XX%, renewable power installed capacity is expected to grow at a CAGR of XX% between 2012 and 2030. The development of wind and solar Photovoltaic (PV) technologies is expected to be a prominent driver for renewable power development in Germany during the forecast period.




1 Table of Contents 1 Table of Contents ............................................................................................................................ 3

1.1 List of Tables ............................................................................................................................. 5 1.2 List of Figures............................................................................................................................ 5

2 Introduction ..................................................................................................................................... 6 2.1 GlobalData Report Guidance ..................................................................................................... 6

3 Germany, Power Market, Business Propensity Indicator Methodology ............................................... 7 3.1 Methodology for Evaluating the Business Propensity Indicator for Germany in Western Europe ... 7

3.1.1 Supply Security ................................................................................................................ 7 3.1.2 Regulatory Scenario ......................................................................................................... 7 3.1.3 Infrastructure .................................................................................................................... 8 3.1.4 Macroeconomic Scenario .................................................................................................. 9 3.1.5 Competitive Scenario ...................................................................................................... 10 3.1.6 Future Potential .............................................................................................................. 10

3.2 Methodology Adopted to Arrive at Final Rank ........................................................................... 11 4 Germany, Power Market, Business Propensity Indicator ................................................................. 13

4.1 Supply Security ....................................................................................................................... 13 4.2 Regulatory Scenario ................................................................................................................ 13 4.3 Infrastructure ........................................................................................................................... 13 4.4 Competition ............................................................................................................................. 13 4.5 Macro-Economic Factors ......................................................................................................... 14 4.6 Future Potential ....................................................................................................................... 14 4.7 Germany, Power Market, Business Propensity Indicator Ranking .............................................. 14

5 Germany Power Market Analysis, 2000-2030 ................................................................................. 16 5.1 Germany, Power Market, Cumulative Installed Capacity, 2000-2030 ......................................... 16

5.1.1 Installed Capacity - Breakdown by Type of Power Plant, 2011.......................................... 16 5.1.2 Cumulative Installed Capacity and Annual Generation, 2000-2030 ................................... 16 5.1.3 Thermal Installed Capacity and Generation, 2000-2030 ................................................... 19 5.1.4 Hydropower Installed Capacity and Generation, 2000-2030 ............................................. 22 5.1.5 Nuclear Installed Capacity and Generation, 2000-2030 .................................................... 24 5.1.6 Renewable Installed Capacity and Generation, 2000-2030 ............................................... 27

5.2 Germany, Power Market, Import and Export Scenario............................................................... 30 5.3 Germany, Power Market, Annual Power Consumption, 2000-2030 ............................................ 31 5.4 Germany, Power Market, Demand and Consumption Scenario ................................................. 33

6 Germany, Power Market, Infrastructure Overview ........................................................................... 34 6.1 Germany, Power Market, Active Power Plants .......................................................................... 34

6.1.1 Leading Thermal Power Projects ..................................................................................... 34 6.1.2 Leading Hydropower Projects ......................................................................................... 35 6.1.3 Leading Nuclear Power Projects ..................................................................................... 36 6.1.4 Leading Renewable Power Plants ................................................................................... 37

6.2 Germany, Power Market, Upcoming Power Plants .................................................................... 38 6.2.1 Leading Thermal Power Projects ..................................................................................... 38 6.2.2 Leading Hydropower Projects ......................................................................................... 39 6.2.3 Leading Renewable Power Projects ................................................................................ 40

6.3 Germany, Power Market, Transmission Network Overview ....................................................... 41 6.4 Germany, Power Market, Distribution Network Overview .......................................................... 42 6.5 Germany, Power Market, Grid Interconnection ......................................................................... 43 6.6 Germany, Power Market, Electricity Trading ............................................................................. 43

7 Germany Power Market, Regulatory Scenario ................................................................................ 44 7.1 Germany, Power Market, Regulatory Scenario, Overview ......................................................... 44 7.2 Germany Power Market, Regulatory Scenario, Major Policies ................................................... 44 7.3 Germany, Power Market, Regulatory Scenario, Amendment of the German Act against Restraints

on Competition ........................................................................................................................ 45 7.4 Germany, Power Market, Regulatory Scenario, Amendment of the German Energy Act............. 45 7.5 Germany, Thermal Power Market, Regulatory Scenario, Large Combustion Plant Directive ....... 46 7.6 Germany, Thermal Power Market, Regulatory Scenario, Amendment of German Greenhouse Gas

Emission Trading Law ............................................................................................................. 46 7.7 Germany, Thermal Power Market, Regulatory Scenario, Grid Expansion Acceleration Act ......... 46 7.8 Germany, Thermal Power Market, Regulatory Scenario, Target Grid 2050 ................................ 47 7.9 Germany, Thermal Power Market, Regulatory Scenario, Renewable Energy Policies ................ 47




7.10 Germany, Thermal Power Market, Regulatory Scenario, Nuclear Energy Policies ...................... 48 7.10.1 Legislation to Extend the Life of Nuclear Power Plants (2010) .......................................... 48 7.10.2 New Nuclear Power Plant Developments in 2011 ............................................................ 48

7.11 Germany, Thermal Power Market, Regulatory Scenario, Initiatives to Reduce Greenhouse and Carbon Dioxide Emissions ....................................................................................................... 48

8 Germany, Power Market, Competitive Landscape - Snapshot of Leading Power Generating Companies .................................................................................................................................... 49

8.1 Germany, Power Market, Market Share of Leading Power Generation Companies, 2011 ........... 49 8.2 Key Company in the German Power Market - RWE Power AG.................................................. 50

8.2.1 Company Overview ........................................................................................................ 50 8.2.2 Business Overview ......................................................................................................... 50 8.2.3 SWOT Analysis .............................................................................................................. 51

8.3 Key Company in the German Power Market - E.ON SE ............................................................ 54 8.3.1 Company Overview ........................................................................................................ 54 8.3.2 Business Overview ......................................................................................................... 54 8.3.3 Generation ..................................................................................................................... 55 8.3.4 SWOT Analysis .............................................................................................................. 56

8.4 Key Company in the German Power Market - Vattenfall AB ...................................................... 59 8.4.1 Company Overview ........................................................................................................ 59 8.4.2 Business Overview ......................................................................................................... 59 8.4.3 SWOT Analysis .............................................................................................................. 60

8.5 Key Company in the German Power Market - EnBW Energie Baden-Wuerttemberg AG ............ 65 8.5.1 Company Overview ........................................................................................................ 65 8.5.2 Business Overview ......................................................................................................... 65 8.5.3 SWOT Analysis .............................................................................................................. 66

9 Appendix ....................................................................................................................................... 70 9.1 Market Definitions .................................................................................................................... 70

9.1.1 Power............................................................................................................................. 70 9.1.2 Installed Capacity ........................................................................................................... 70 9.1.3 Active Installed Capacity ................................................................................................. 70 9.1.4 Electricity Generation ...................................................................................................... 70 9.1.5 Electricity Consumption................................................................................................... 70 9.1.6 Thermal Power Plant ...................................................................................................... 70 9.1.7 Hydropower Plant ........................................................................................................... 70 9.1.8 Nuclear Power ................................................................................................................ 70 9.1.9 Renewable Energy Resources ........................................................................................ 70

9.2 Abbreviations .......................................................................................................................... 71 9.3 Bibliography ............................................................................................................................ 72 9.4 Coverage ................................................................................................................................ 72 9.5 GlobalData’s Methodology ....................................................................................................... 72 9.6 Contact Us .............................................................................................................................. 73 9.7 Disclaimer ............................................................................................................................... 74




1.1 List of Tables Table 1: Ease of Doing Business-Categories and Definitions ............................................................... 9 Table 2: Country Risk-Categories and Sub-categories ....................................................................... 10 Table 3: BPI Scoring Parameters ...................................................................................................... 12 Table 4: Power Market, Germany, Breakdown by Type of Power Plant (%), 2011 .............................. 16 Table 5: Power Market, Germany, Cumulative Installed Capacity (MW) and Annual Generation (GWh),

2000-2030 .......................................................................................................................... 18 Table 6: Power Market, Germany, Cumulative Thermal Power Installed Capacity (MW) and Annual

Thermal Power Generation (GWh), 2000-2030 .................................................................... 21 Table 7: Power Market, Germany, Cumulative Hydropower Installed Capacity (MW) and Annual

Hydropower Generation (GWh), 2000-2030 ......................................................................... 23 Table 8: Power Market, Germany, Planned Shutdown of Nuclear Power Plants, 2012-2022 ............... 24 Table 9: Power Market, Germany, Cumulative Nuclear Power Installed Capacity (MW) and Annual

Nuclear Power Generation (GWh), 2000-2030 ..................................................................... 26 Table 10: Power Market, Germany, Breakdown of Renewable Technologies by Capacity, 2011 ........... 27 Table 11: Power Market, Germany, Cumulative Renewable Power Installed Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000-2030 ................................................................ 29 Table 12: Power Market, Germany, Total Annual Imports and Exports (GWh), 2000-2010 .................... 30 Table 13: Power Market, Germany, Annual Power Consumption, 2000-2030 ....................................... 32 Table 14: Power Market, Germany, Breakdown of Electricity Consumption By Sector (%), 2010........... 33 Table 15: Power Market, Germany, Leading Active Thermal Power Plants, 2011 ................................. 34 Table 16: Power Market, Germany, Leading Active Hydropower Plants, 2011 ...................................... 35 Table 17: Power Market, Germany, Leading Active Nuclear Power Plants, 2011 .................................. 36 Table 18: Power Market, Germany, Leading Active Renewable Power Plants, 2011 ............................. 37 Table 19: Power Market, Germany, Leading Upcoming Thermal Power Plants, 2012-2020 .................. 38 Table 20: Power Market, Germany, Leading Upcoming Hydropower Plants, 2012-2020 ....................... 39 Table 21: Power Market, Germany, Leading Upcoming Renewable Power Plants, 2012-2030 .............. 40 Table 22: Power Market, Germany, Transmission Line Lengths (Ckm), 2000-2020 .............................. 41 Table 23: Power Market, Germany, Distribution Line Lengths (Ckm), 2000-2020 ................................. 42 Table 24: Power Market, Germany, Market Share of Leading Power Generation Companies, 2011 ...... 49 Table 25: RWE Power AG, SWOT Analysis ........................................................................................ 51 Table 26: E.ON SE, SWOT Analysis ................................................................................................... 56 Table 27: Vattenfall AB, SWOT Analysis ............................................................................................. 60 Table 28: EnBW Energie Baden-Wuerttemberg AG, SWOT Analysis ................................................... 66 Table 29: Abbreviations ...................................................................................................................... 71

1.2 List of Figures Figure 1: Weights Assigned to the Six Factors (%), 2000-2020 ........................................................... 11 Figure 2: Power Market, Germany, Business Propensity Indicator Ranking, 2012 ................................ 15 Figure 3: Power Market, Germany, Breakdown by Type of Power Plant (%), 2011 .............................. 16 Figure 4: Power Market, Germany, Cumulative Installed Capacity (MW) and Annual Generation (GWh),

2000-2030 .......................................................................................................................... 17 Figure 5: Power Market, Germany, Cumulative Thermal Power Installed Capacity (MW) and Annual

Thermal Power Generation (GWh), 2000-2030 .................................................................... 20 Figure 6: Power Market, Germany, Cumulative Hydropower Installed Capacity (MW) and Annual

Hydropower Generation (GWh), 2000-2030 ......................................................................... 22 Figure 7: Power Market, Germany, Cumulative Nuclear Power Installed Capacity (MW) and Annual

Nuclear Power Generation (GWh), 2000-2030 ..................................................................... 25 Figure 8: Power Market, Germany, Breakdown of Renewable Technologies by Capacity, 2011 ........... 27 Figure 9: Power Market, Germany, Cumulative Renewable Power Installed Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000-2030 ................................................................ 28 Figure 10: Power Market, Germany, Total Annual Imports and Exports (GWh), 2000-2010 .................... 30 Figure 11: Power Market, Germany, Annual Power Consumption, 2000-2030 ....................................... 31 Figure 12: Power Market, Germany, Breakdown of Electricity Consumption By Sector (%), 2010........... 33 Figure 13: Power Market, Germany, Market Share of Leading Power Generation Companies, 2011 ...... 49




2 Introduction Germany is an industrially and economically developed country and a member of the European Union (EU). It is the largest economy in Europe and one of the largest in the world (US Department of State, 2012). The German economy has passed numerous challenging periods caused by war and political events, and has recovered each time. The stage during which the German nation became one the most industrially advanced economies was after World War XX, when it was divided into two separate political entities, delineated by political ideologies. The reunification of the German nation in 1990 also posed serious problems for the country’s economy, as East Germany lagged behind West Germany in terms of development. The current government plans to phase out nuclear power are expected to accelerate the development of the renewable power industry, triggering job creation and further economic growth in the country.

Gross Domestic Product (GDP) in Germany grew from $XX billion in 2000 to $XX billion in 2011 at a CAGR of XX%. According to IMF forecast estimates, Germany’s GDP will reach a figure of $XX billion by 2016, growing at a CAGR of XX% (IMF, 2011).

Power consumption in Germany increased from XX GWh in 2000 to XX GWh at a CAGR of XX%. Consumption is expected to continue to increase at a CAGR of XX% between 2012 and 2030 to reach XX GWh. The increase in power consumption is expected to be driven mainly by the industrial sector.

Energy policy in Germany is co-ordinated by the Federal Ministry of Economics and Technology (BMWi). There was no independent energy sector regulator in the country prior to 2006. The Federal Network Agency has been regulating this sector since 2006. The agency is primarily responsible for ensuring non-discriminatory third-party access to electricity networks, and regulating fees. It is also responsible for maintaining the transparency of the energy market and regulating and controlling tariffs and terms of supply for the power distribution companies. German energy polices are designed to increase energy security, efficiency and environmental sustainability. The German government is currently focused on the growth of renewable power in the country.

2.1 GlobalData Report Guidance This report begins with an executive summary covering the key growth trends in the German power

market.

Chapter two provides an introduction to Germany’s macro-economic scenario and the German power market.

Chapter three covers the methodology used to evaluate the Business Propensity Indicator (BPI).

Chapter four covers the BPI for Germany

Chapter five covers cumulative capacity and power generation and segmentation by source of energy between 2000 and 2011, and provides forecast data up to 2030. This is followed by information on power imports and exports, and the market consumption scenario between 2000 and 2011, with forecast data provided up to 2030.

Chapter six provides information on Germany’s power infrastructure, including leading active and upcoming power plants according to source of energy, existing and planned developments in transmission, distribution infrastructure and cross-country interconnections.

Chapter seven describes the power regulatory structure and prominent policies influencing the future of the power market.

Chapter eight describes the competitive landscape of Germany’s power market, with complete descriptions and SWOT analysis provided for the top companies.

Note: for the year 2011, this report provides actual or estimated data, depending upon information availability at the time of writing the report.


GDPE0642ICR / Published JAN 2013 Page 13


4 Germany, Power Market, Business Propensity Indicator 4.1 Supply Security Thermal power is the dominant source of electricity in Germany, of which the majority is supplied by coal.

4.2 Regulatory Scenario The German power sector was deregulated in 2005 through the implementation of the Energy Industry Act, which was enacted according to the requirements of Directive 2003/54/EC from the European Commission. Power generation, transmission and distribution have all been deregulated in order to ensure competition in the power sector, although four large utilities control almost half of the power generation market in the country.

4.3 Infrastructure Power infrastructure in Germany is highly developed.

4.4 Competition Nearly XX% of the power generation market in the country is controlled by the leading four power generation companies in the German power market.




4.5 Macro-Economic Factors Germany ranked XXh of XX countries in the World Bank’s 2013 ‘Ease of Doing Business’ index; the had been ranked XXth in the 2012 index (World Bank, 2012).

4.6 Future Potential Compared to the present scenario, renewable sources of energy are expected to be the largest contributors to power generation by 2020 with a XX% share, followed closely by thermal power with XX%.

4.7 Germany, Power Market, Business Propensity Indicator Ranking Compared to most Western European nations, the German power market was slow to deregulate, with an autonomous market regulator starting to function in 2006.




Figure 2: Power Market, Germany, Business Propensity Indicator Ranking, 2012

0.0 3.0 6.0 9.0 12.0 15.0 18.0

Source: GlobalData




5 Germany Power Market Analysis, 2000-2030 5.1 Germany, Power Market, Cumulative Installed Capacity, 2000-2030 5.1.1 Installed Capacity - Breakdown by Type of Power Plant, 2011 Thermal power from coal was a dominant source of electricity in Germany in 2011, accounting for XX% of total installed capacity, followed by onshore wind farms with XX%. Thermal power from gas contributed XX%, while solar Photovoltaic (PV) contributed a XX% share in 2011. Germany does not possess any solar thermal power capacity. The remaining share of installed capacity was accounted for by nuclear, large hydropower including pumped storage power plants, oil, biomass, biogas and other sources.

Figure 3: Power Market, Germany, Breakdown by Type of Power Plant (%), 2011

Coal (thermal)

Wind (onshore)Gas (thermal)

Solar (PV)

Nuclear


Oil (thermal)

Biomass

Biogas

Others (small hydro, wind

(offshore), and geothermal)

Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: September 7, 2012]

Table 4: Power Market, Germany, Breakdown by Type of Power Plant (%), 2011

Type of power plant Share (%)

Coal (thermal)

Wind (onshore)

Gas (thermal)

Solar (PV)

Nuclear


Oil (thermal)

Biomass

Biogas

Others such as small hydro, offshore wind and geothermal





5.1.2 Cumulative Installed Capacity and Annual Generation, 2000-2030 Cumulative installed capacity in Germany increased from XX MW in 2000 to XX MW in 2011 at a CAGR of XX%. Of the various technologies in the country, renewable installed capacity registered the highest growth rate of XX% between 2000 and 2011. Hydropower recorded the second highest growth at a CAGR of XX%. Thermal power installed capacity grew at a low CAGR of XX% while nuclear installed capacity declined at a negative CAGR of XX%.

During the forecast period from 2012 to 2030, cumulative installed capacity is expected to grow at a CAGR of XX%. Renewable power installed capacity is expected to register a higher growth rate than other technologies with XX%, followed closely by hydropower with XX%. Thermal power capacity is expected to register a growth rate of XX%, while nuclear power is expected to decline at a negative CAGR during this period. According to government plans, nuclear power should have been phased out by 2022.

Annual generation increased from XX GWh in 2000 to XX GWh in 2011 at a CAGR of XX%. As with the respective installed capacities, renewable power generation registered the highest growth rate of XX%. Thermal power generation increased at a low XX% from 2000 to 2011. Both hydropower generation and nuclear power generation declined at respective negative CAGRs of XX% and XX%. Annual generation is expected to grow at a CAGR of XX% during the forecast period. Renewable power generation is expected to grow at a high CAGR of XX% followed by hydropower with XX% and thermal with XX%. Nuclear power generation is not expected to continue beyond 2021.

Figure 4: Power Market, Germany, Cumulative Installed Capacity (MW) and Annual Generation (GWh), 2000-2030

2000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Ann

ual g

ener

atio

n (G

Wh)

Cum

ulat

ive

inst

alle

d ca

paci

ty (M

W)

Cumulative installed capacity (MW) Annual generation (GWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: September 7, 2012]




Table 5: Power Market, Germany, Cumulative Installed Capacity (MW) and Annual Generation (GWh), 2000-2030

Year Cumulative installed capacity (MW) Annual generation (GWh)

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030





9 Appendix 9.1 Market Definitions 9.1.1 Power The rate of production, transfer, or energy use, usually related to electricity. Measured in watts and often expressed in kilowatts (kW) or Megawatts (MW). This is also known as "real" or "active" power.

9.1.2 Installed Capacity Installed capacity refers to the generator’s nameplate capacity, as stated by the manufacturer, or the maximum rated output of a generator under given conditions. Installed capacity is given in MW on a nameplate physically fixed to the generator.

9.1.3 Active Installed Capacity Active installed capacity refers to a component of electric power that actually performs work. It is given kW or MW.

9.1.4 Electricity Generation Electricity generation is something producing electric energy by transforming other forms of energy. This term also refers to the amount of electric energy produced, expressed in Gigawatt hours (GWh).

9.1.5 Electricity Consumption Electricity consumption is the sum of electricity generated, plus imports, minus exports, minus transmission and distribution losses and is measured in GWh.

9.1.6 Thermal Power Plant This is a plant where the turbine generators are driven by burning fossil fuels.

9.1.7 Hydropower Plant This is a plant where the turbine generators are driven by falling water.

9.1.8 Nuclear Power This is the electricity generated by the use of thermal energy, released from the fission of nuclear fuel in a reactor.

9.1.9 Renewable Energy Resources These are naturally replenishing energy resources that are limited in the amount of energy that is available per unit of time. For example, biomass, geothermal, solar and wind energy are all renewable resources.




9.2 Abbreviations

Table 29: Abbreviations Abbreviation Full form

APX Amsterdam Power Exchange

BMWi Bundesministerium für Wirtschaft und Technologie (Federal Ministry of Economics and Technology)

BWR Boiling Water Reactor

CAGR Compound Annual Growth Rate

CCS Carbon Capture and Storage

CHP Combined Heat and Power

Ckm Circuit kilometer

CN Concrete

EEX European Energy Exchange

EKFG Energie- und Klimafonds (Energy and Climate Fund)

ER Rock Fill

EU European Union

FDI Foreign Direct Investment

FIT Feed-in-Tariff

GDP Gross Domestic Product

GWh Gigawatt hour

HVDC High Voltage Direct Current

IPP Independent Power Producer

kV kilovolt

kW kilowatt

kWh kilowatt hour

LHP Large Hydropower Project

LPX Leipzig Power Exchange

MVA Megavolt-Ampere

MW Megawatt

OTC Over-the-counter

PG Gravity Dam

PPA Power Purchase Agreement

PV Photovoltaic

PWR Pressurized Water Reactor

RPS Renewable Portfolio Standards

SHP Small Hydropower Project

T&D Transmission and Distribution

TWh Terawatt hour

Source: GlobalData




9.3 Bibliography BDEW (2012). Trotz Milliardeninvestitionen keine Entwarnung beim Kraftwerksbau. National

Association of Energy and Water Industries. Available from: http://www.bdew.de/internet.nsf/id/20120423-pi-trotz-milliardeninvestitionen-keine-entwarnung-beim-kraftwerksbau-de [Accessed on: November 05, 2012]

EIA (2012a). International Energy Statistics: Imports [database]. Available at: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=3&cid=GM,&syid=2000&eyid=2010&unit=BKWH [Accessed on: September 12, 2012]

EIA (2012b). International Energy Statistics: Exports [database]. Available at: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=4&cid=GM,&syid=2000&eyid=2010&unit=BKWH [Accessed on: September 12, 2012]

Energy for Germany, 2011. Energy for Germany 2011, Facts, outlook and opinions in a global context, Integration of renewable energies into the power supply system. World Energy Council. Available from: http://www.worldenergy.org/documents/efd_2011__english.pdf

Federal Foreign Office (Auswärtiges Amt). 2012. German Energy Policy: Sustainable, Reliable and Affordable. Federal Foreign Office (Auswärtiges Amt). Available from: http://www.india.diplo.de/contentblob/3521678/Daten/2111817/Economics_Energy_Policy_DD.pdf

IMF (2011). World Economic Outlook Database, September 2011. International Monetary Fund. Available from: http://www.imf.org/external/pubs/ft/weo/2011/02/weodata/weoselco.aspx?g=2001&sg=All+countries [Accessed on: September 12, 2012]

The Oil Drum (2012), via OilPrice.com. Germany's Power Grid under Increasing Pressure. OilPrice.com. Available from: http://oilprice.com/Energy/Energy-General/Germanys-Power-Grid-under-Increasing-Pressure.html [Accessed on: September 14, 2012]

US Department of State (2012). Background Note: Germany. Bureau of Public Affairs, the US State Department. Available from: http://www.state.gov/r/pa/ei/bgn/3997.htm [Accessed on: September 12, 2012]

WGI, 2012. The Worldwide Governance Indicators, 2012 Update. The World Bank Group. Available from: http://info.worldbank.org/governance/wgi/pdf/wgidataset.xlsx [Accessed on: October 17, 2012]

World Bank (2012), via DoingBusiness.org. Ease of Doing Business in Germany. The World Bank. Available from: http://www.doingbusiness.org/data/exploreeconomies/germany/ [Accessed on: September 12, 2012]

9.4 Coverage This report gives detailed information on the country’s power market. It examines the country’s power market structure and provides historical and forecast numbers for generation, capacity and consumption up to 2030. The report provides insights on the market’s regulatory structure, import and export trends, competitive landscape and leading active and upcoming power projects.

9.5 GlobalData’s Methodology GlobalData’s dedicated research and analysis teams consist of experienced professionals with backgrounds in marketing, market research and consulting in the power industry, and advanced statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).

The following research methodology is followed for all country outlook reports.

Secondary research and analysis




The capacity, generation and consumption data is collected and validated using a number of secondary resources including but not limited to:

Government agencies, ministerial websites, industry associations, the World Bank, statistical databases

Company websites, annual reports, financial reports, broker reports and investor presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant Database and Transmission and Distribution Database.

Further to this, the following secondary information is collected and analyzed to project the country’s power market scenario through to 2030, analyzing factors such as the following:

The country’s macroeconomic scenario

Government regulations, policies and targets

Government and private sector investments

Contract and deal announcements

Utility expansion plans

The sector’s historic track record

Other qualitative insights built through secondary research and analysis of company websites, annual reports, investor presentations, industry and trade journals, and data from industry associations.

Primary Research and Analysis

Secondary research is further complemented through primary interviews with industry participants to verify and fine-tune the market numbers obtained through secondary research and get first-hand information on industry trends.

The participants are drawn from a diverse set of backgrounds, including equipment manufacturers, industry associations, government bodies, utilities, distributors, and academia. The participants include, but are not limited to, C-level executives, industry consultants, academic experts, business development and sales managers, purchasing managers, plant managers, government officials, and industry spokespeople.




9.7 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

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