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: We maintain our relatively upbeat outlook for the Swedish non-hydropower renewables sector
this quarter, as the expansion of the share REC scheme with Norway will be conducive to greater long-term
regulatory clarity in the market after a period of uncertainty. A nuclear phase-down over the next five years
will create opportunities in the sector, as Sweden will look to plug resulting gaps in the power mix. Wind
power will remain the outperformer in the renewables sector, while medium-to-large scale solar will be the
hardest hit by the new taxation framework.
Lates Updates And Structural Trends
? The Swedish government's decision to phase out its tax on nuclear power generation by 2019 aligns with
our view that it would eventually backtrack in order to ensure the continued viability of the segment. That
said, we still expect the three ageing nuclear reactors to be phased out by 2020 - with the final decision
having been taken by utilities E.ON and Vattenfall. This will lead to a drop in baseload power
generation over the next five years, which we expect will be plugged by renewables power generation
and electricity trade with the Nord Pool.