Denmark’s cumulative installed capacity is due to expand from 13.5 Gigawatts (GW) in 2014 to 16.1 GW by 2025, at a CAGR of 1.7%. The Danish government’s Energy Policy aims to increase the share of green sources in its energy mix, and gradually become independent from fossil fuels, by increasing the share of renewable energy to 100% by 2050. Back in 2012, the government announced an ambitious target for the achievement of a 50% share of power consumption from wind power by 2020. However, the increasing reliance on wind means that the country must ensure adequate backup in the event that wind is unable to provide base load capacity. Without backup in the form of interconnections with the Nordic power pool, Denmark could face widespread blackouts, and so will be the need to establish large-scale interconnectivity to neighbouring countries, such as Germany and Norway.
GlobalData’s Denmark Power Market Outlook to 2025, Update 2015 – Market Trends, Regulations, and Competitive Landscape report provides details of the power sector, with annualised data for installed capacity, power generation and consumption from 2000 to 2014, and forecasts to 2025.
This report covers:
- A snapshot of the country’s power sector across parameters – macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector
- Data on Denmark’s leading current and upcoming power projects
- Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports
- Policy and regulatory frameworks governing the market
- Detailed analysis of top market participants, including market share and SWOT analysis
Denmark aims for renewables to become its main source of power by 2030.. Find out how!