The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: The growth outlook for Greece's beleaguered renewable energy sector remains extremely weak.
A lack of public spending capacity brought on by several years of non-existent economic growth combined
with a poor private investment environment mean there are very few projects in the pipeline and as a result
we forecast only minimal gains in non-hydropower renewables capacity and generation over the forecast
period through to 2025.
Latest Updates and Structural Trends
? We have updated our figures this quarter to reflect revised industry data, while maintaining our forecast
growth trends. In 2016 we forecast a minor gain in total non-hydropower generation of 0.46% to
8.24TWh, with wider generation in the country expected to fall as demand is constricted.
? Over the remainder of the forecast period growth will remain minimal, with total non-hydropower
renewables generation increasing by just 0.32% annually between 2017 and 2025 to reach 8.48TWh by
the end of the current forecast period.
? Some wind power projects are making progress. German manufacturer Nordex announced in July 2016 it
had been awarded a contract to provide a total of 10 turbines to two sites (at Mougoulios and Plagia
Psiloma) with the projects due to be completed in early 2017.
? Regulatory uncertainty surrounding Renewable Energy Sources (RES) persists. An EU directive states
that RES institutional frameworks must be tender-based from 1 January 2017; however, Greece is
expected to request a six-month delay for wind power projects from the European Commission which
would likely push back tender-based projects into 2018.