The global business intelligence firm based its assessment if several factors.
These included German authorities vow to decommission all of the country’s nuclear power plants while phasing out reliance on nuclear power produced by its neighbours.
In an agreement with energy firms, existing nuclear power plants in Germany will be limited to operational lives of no more than 32 years.
In addition, in countries like Sweden, the Netherlands, Spain, Belgium and Switzerland, no increase in nuclear capacity is expected during the forecast period, GBI said.
Its new report "Power Market in Western Europe to 2020 - Government Policies Downplaying the Nuclear Energy Industry and spurring the growth of Renewable Energy " provides an in-depth analysis of the 12 Western European power markets which include France, Germany, Austria, the United Kingdom, Spain, The Netherlands, Switzerland, Sweden, Norway, Italy, Portugal and Belgium.
The report provides insights on emerging trends in the power market for each country, with detailed forecast of the installed capacity and generation by thermal, hydro, renewable (solar PV, biomass and wind) and nuclear sources up to 2020.
Also provided is the annual import, export, sector wide demand scenario for all the countries along with the forecasts for annual power consumption.
The research firm also analyses their competitive structure, regulatory framework and the infrastructure of power sectors in these countries. The report also includes in-depth information on active and upcoming power plants in each country.
The research firm expects the government policies and incentives to have major impact on the growth of the Western Europe power market.
It also said continued pressure to curtail the carbon emissions will lead to the growing investments in renewable power sector.
The countries are actively augmenting its capacity through renewable energy sources, namely, wind, solar photovoltaic and others. Among the renewable energy sources, wind energy is the major source and would attract large scale investments in future, GBI said.
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