Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: Growth levels on Austria's non-hydroelectric renewables market continue to slow as the lack of
targets beyond the almost-reached 2020 ones have led to significantly decreasing Feed-in Tariffs that
paired with low electricity prices provide little incentive for investors. The sector's capacity growth levels
are hence expected to fall to 5.75% and 4.37% in 2016 and 2017 respectively. Pressure for new national
targets beyond 2020 may come following Austria's ratification of the COP21 agreement in July 2016, while
political and policy uncertainties related to the rise of the Freedom Party Austria (FPÖ) remain.
Latest Updates And Structural Trends
? For 2016, we expect growth in non-hydro renewables generation to decrease to 5.56% as
economic headwinds continue, both on a general GDP level, as well as on the sector level due to
low electricity prices and cuts in FiT rates. This trend is expected to continue in 2017, with capacity
growth rates forecast at 4.37%.
? Since 2015, the Austrian government has reduced the feed-in tariff by 8% for PV systems up to 200kW,
due to the apparent maturity - and hence lower costs - of PV systems. Wind FiT cuts have accelerated
with a decrease of 2.5% for 2016.