European Demand for renewable energy surges in 2014
Feb 12 - PR Web
This is nearly one tenth of all electricity demand in Europe (ca.
3,300 TWh) and one third of all electricity from renewable sources in
Europe (ca. 900 TWh). "These encouraging statistics suggest a
breakthrough for Guarantees of Origin, and an increasing momentum for
renewable energy consumption overall", says Tom Lindberg , Managing
Director of ECOHZ .
From a Guarantees of Origin surplus to a deficit
Except for 2011, 2014 is the first year with a large deficit of
Guarantees of Origin in the market. The deficit amounts to 44 TWh. "When
the market experienced a deficit in 2011, the market pushed up the price
of Guarantees of Origin. How the market will adapt to today's situation
is unclear. Because of the 12-month validity-policy deployed by member
countries, there is still a "warehouse" of Guarantees of Origin
available from earlier periods. In the next few months, this stock will
empty and we may see a real balance between supply and demand," said
Lindberg.
The actual market size is even bigger
The official statistics from AIB include reported market figures from
member states. But the figures partially or totally exclude data from
Slovenia , Spain and Sweden . These countries all have working systems
for supplying, purchasing and trading of renewable energy certificates.
When the missing market figures from Slovenia , Spain and Sweden are
added to AIB's statistics, the adjusted market demand totals
approximately 400 TWh, 28% higher than AIB's market figures.
The United Kingdom uses a different renewable energy certificate
system, REGO, and is not included in any of the mentioned market
figures.
Germany is the market leader
• Germany continues to drive the market. It reached a total
demand volume of 81 TWh, up by an impressive 65% from 2013.
• Just behind Germany , Sweden is a clear number two with a
Guarantees of Origin demand of more than 71 TWh.
• Holland , Italy , Switzerland , Finland , and Norway all show
strong growth, with market demand ranging from 25 TWh to 40 TWh.
• Hydro still dominates the market with more than 80% of the
Guarantees of Origin volumes. Bio and Wind nearly doubled their volumes,
and total almost 50 TWh. Geothermal and Solar also increased sharply,
but volumes are still low.
• 2014 saw four new countries ( Croatia , Czech Republic ,
Cyprus and Estonia ) taking the first steps into the market and will
fully take part in the market in 2015.
• Norway is still the leading country supplying Guarantees of
Origin. Norway provided the market with approximately 130 TWh of
Guarantees of Origin from Hydro in 2014. As the rest of the market keeps
ramping up, Norway's share of the total supply continues to decrease.
The forces behind
Households, organizations and businesses all contribute to the
impressive market growth. Undeniably, the corporate sector is the main
driver. Global reporting initiatives like CDP ( Carbon Disclosure
Project ) and the Greenhouse Gas Protocol, as well as EU's recently
approved CSR Directive, emphasize that renewable energy is an important
part of a broad corporate sustainability agenda. Guarantees of Origin is
the primary tool in Europe to document the purchase of renewable energy.
About ECOHZ
ECOHZ offers renewable energy solutions to electricity providers,
businesses and organisations across Europe , North America and Asia .
ECOHZ vision is "changing energy behaviour". Renewable energy is our
common ticket to a more sustainable and energy-secure future, and ECOHZ
endeavours to play an active role in this transition.
ECOHZ provides renewable electricity, from a wide range of sources,
regions and qualities. The renewable electricity is documented by
Guarantees of Origin in Europe , RECs and Green-e in the US, and newly
established I-RECs in selected Asian markets. Companies choosing
documented renewable energy can reduce their carbon footprint and
improve their sustainability ratings. ECOHZ also provides a new and
innovative solution - GO² - combining a renewable energy purchase with
the financing and building of new renewable power generation. ECOHZ is
among the leading independent suppliers in Europe , and is located in
Norway and Switzerland . http://www.ecohz.com
Social media
Twitter: @ecohz https://twitter.com/ECOHZ
Twitter: @tomlindberg99 https://twitter.com/tomlindberg99
LinkedIn: http://linkd.in/16TwCD4
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http://www.prweb.com/releases/2015/02/prweb12511371.htm
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