Czech Republic Renewable Energy Market | Size, Share, Trends and Forecast to 2028

Czech Republic Renewable Energy Market | Size, Share, Trends and Forecast to 2028

Market Research Reports | Q1 2024 | Report ID: BR04994

About the Report

The global energy landscape is going through a major shift towards renewable-based energy generation. This energy transition was possible after a decade of rapid technological advancement and a favorable regulatory environment. Additionally, factors such as decreasing costs of renewable energy sources and increasing competitiveness of battery energy storage technologies are expected to contribute to accelerated renewable deployment in the coming years. Furthermore, as the concern for climate change and support for environmental, sustainability and governance (ESG) considerations grow, the demand for clean and green power is expected to increase from almost all end-users.

 

The renewable energy market consists of establishments primarily operating renewable electric power generation facilities. Power generation can be from a variety of sources, including solar energy, wind energy, small hydro, bioenergy, geothermal and marine. The electrical energy generated in these establishments is provided to electric power transmission systems or to electric power distribution systems.

 

The Czech energy sector is centered on two large nuclear power plants and a number of smaller conventional coal power plants. Nuclear and coal power plants primarily provide baseload power at high utilization, whereas gas-fired units, reservoir hydro, and pumped storage provide flexible generation. Cost increases for carbon credits have rendered coal power plants almost financially unviable.

 

Czech Republic Renewable Energy Market Scenario

By the end of 2021, the installed renewable energy capacity in the Czech Republic was 4,415 MW. Among the renewable sources installed capacity, solar accounted for 50.3%, and wind accounted for 7.7%. The total share of renewable resources in electricity production capacity in 2021 was 21.1 percent.

 

Seven years ahead of schedule, the Czech Republic achieved its 2020 renewables target of 13% of final energy consumption, confirming that the original goal was not very ambitious. The country's 2030 goal is for renewables to account for 22% of total energy consumption, which falls short of the European Commission's recommendation of at least 23%.

 

Czech Republic Solar Energy

The Czech Republic has the technical capacity for up to 39 GW of solar power. This includes the installation of panels on facades and rooftops, as well as the construction of photovoltaic electricity generation projects in brownfields. This could imply up to 2.2 million rooftop solar systems (<10 kW) and thousands of larger installations. Within the economic (i.e., feasible) potential, the solar plant installed capacity could increase to 3.5 GW in 2030 and5,5 GW in 2040.

 

According to the Czech Republic's local solar association Solárn asociace, the country will have installed 62 MW of new solar power capacity by 2021, representing a 20.6% annual growth rate, with 9,321 systems connected.

 

Despite the fact that the country installed 3,028 more systems than in 2020, total annual capacity was only slightly higher at 62 MW, up from 51.4 MW in 2020, due to the fact that the average size of new systems was 6.7 kW, down from 8.3 kW the previous year.

 

By the end of 2021, the installed capacity of Solar Photovoltaic in the Czech Republic was 2,119 MW.

  

Czech Republic Wind Energy

When it comes to wind energy development, the Czech Republic remains cautious. Wind accounts for only 1% of total electricity consumption in the country, compared to the European average of 15%.

 

Wind energy has enormous potential in Czechia, according to the Czech Academy of Sciences' Institute of Atmospheric Physics. Wind power plants could cover nearly one-third of the Czech Republic's present electricity consumption by 2040, assuming all construction constraints are met.

 

In the last decade (2010-2020), globally, the electricity generation from all sources has increased by 2.2% from 21,570 terawatt hours to 26,823 terawatt hours. During the same period, the power generation from renewables increased by 15.25%. Regulatory support by various countries has played an essential role in the growth of the global renewable energy market. Renewable energy tax credits and subsidies, competitive auctions, and feed-in-tariffs helped reduce costs and spur deployment.

 

Since 2010, the cost of solar photovoltaic (PV) electricity has fallen by 85%, and the costs of both offshore and onshore wind electricity have fallen by about 50%. Both these clean energy sources have reached a stage where they are now cost-competitive with fossil fuel electricity.

 

In fact, Renewables were the only energy source for which demand surged in 2020 despite the pandemic, while consumption of all other fuels declined. The share of renewables in the total energy mix grew from 3.53% in 2010 to 11.73% in 2020 and is expected to grow to about 30% by 2030.

 

Czech Republic Renewable Energy Policy

As a member of the European Union (EU), the Czech Republic shares the bloc's ambition to achieve net-zero greenhouse gas emissions by 2050. As part of its National Energy and Climate Plan (NECP), the country aims to cut emissions by 80% by 2050 compared to 1990 levels.

 

The Czech Republic's 'nationally determined contribution' (NDC), or plan to help achieve the Paris Agreement's goals, is the same as the EU's. The EU's initial NDC sought to reduce emissions by at least 40% by 2030 when compared to 1990 levels. In December 2020, it submitted an updated NDC, raising the target to a 55% reduction in emissions by 2030. This reflects the goals of the EU's Green Deal.

 

To decarbonize electricity production, the Czech Republic's NECP prioritizes biomass alongside wind and solar. The country currently does not provide any support mechanisms for new renewable energy projects. Auctions have been discussed for several years, and the Czech Republic is one of the few EU member states yet to launch such a program.

 

In December 2020, the Czech Coal Commission recommended a coal phase-out by 2038. In its recommendation for a phase-out of coal, the Coal Commission projects that, initially, coal would be largely replaced by natural gas generation, while renewable sources would increase to 25%, broadly in line with the state energy policy (SEP) of 2015 and National Energy and Climate Plan (NECP) of 2019.

 

What Do We Cover in the Report?

Blackridge Research's Czech Republic Renewable Energy Market report contains the installed capacity of renewable power generation sources (year-on-year) until 2028, the list of ongoing and upcoming renewable power generation projects, such as solar photovoltaic farms, concentrated solar power projects, onshore wind, and offshore wind energy projects and the regulatory scenario within the renewable the energy market of the Czech Republic.

 

Furthermore, the report will contain the drivers and restraints within the Czech Republic Renewable Energy Market along with a meticulous evaluation of their impact in the near-, medium-, or longer term. Factors affecting renewable energy deployment include market conditions (e.g., cost, diversity, proximity to demand or transmission, and resource availability), policy decisions (e.g., tax credits, feed-in tariffs, and renewable portfolio standards), as well as country-specific regulations.

 

Finally, the presentation would enable identifying market opportunities and planning for long-term growth. The impact of the COVID-19 pandemic is an integral part of the report.

 

Get a free sample copy of the Czech Republic Renewable Energy Market report by clicking the "Download a Free Sample Now!" button at the top of the page.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Czech Republic Renewable Energy Market Analysis
  • 3.3 Market Dynamics
    • 3.3.1. Drivers
    • 3.3.2 Restraints
  • 3.4 Market Trends & Developments
  • 3.5 Analysis of Covid-19 Impact
  • 3.6 Market Opportunities
  • 3.7 Renewables Installed Capacity to 2028
  • 3.8 List of Projects
  • 3.9 Government Policies and Regulations

4. PESTLE Analysis

5. Market Segmentation & Analysis

  • 5.1 Renewable Power Generation
    • 5.1.1 Solar
    • 5.1.2 Wind
    • 5.1.3 Other Renewables

6. Competitive Landscape

  • 6.1 List of Notable Players in the Market
  • 6.2 M&A, JVs, Partnerships and Agreements
  • 6.3 Strategies of Key Players

7. Key Company Profiles

8. Conclusions and Recommendations

Abbreviations

Additional Notes

Disclaimer

  What's included

Report - Czech Republic Renewable Energy Market Outlook to 2028.pdf
Market Data Sheet - Czech Republic Renewable Energy Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Czech Republic Renewable Energy Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Czech Republic Renewable Energy Market>
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints will impact market development in the country.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Want to know about Current Offers?

Offer 1 - Save with Multiple Purchases - Buy two reports or more and instantly save up to 15% off.

Offer 2 - Introductory offer for new customers - Flat 10% off on your first purchase.

To learn more about the report and our other current offers, contact us here or You can send an email to sales@blackridgeresearch.com

  Analyst access from Blackridge Research

All report purchases come with up to 60 minutes of phone time with an expert analyst who will assist you in connecting the report's key findings to the business issues you're dealing with. This must be used within three months of the report's purchase.

The above telephone time is excluding the post-purchase analyst support for any queries that you may have up to one year.

  Free Report Customization

We offer free customization of value USD 1000 for every report that you purchase. Get in touch with us to know more about free customization and our exciting custom research services.

  Further information

If you have any questions about this market research study, please do not hesitate to contact our research team using the top Contact us button, or you may also reach out at research@blackridgeresearch.com or call one of our Business Development managers:

AMERICAS (USA): +1 (917) 993 7467

ASIA (India): +91 8500 460 460

  Common Questions

You can purchase the report directly by selecting the licence type above and paying with a credit or debit card. Please contact sales@blackridgeresearch.com for other payment options.
We can provide quarterly and half yearly report updates. Please contact sales@blackridgeresearch.com for more information.
Single User License
The Single User License will provide access to only one user.

Team User License
The Team License will provide access only up to 7 users. This is great for a team.

Corporate License
This Premium package is ideal for large companies. By having Corporate license, any employee of your organization or its subsidiaries can access the report. You will also receive free industry update after six months and also a white label powerpoint presentation.
Yes, if you'd like to select certain sections of the report, please contact sales@blackridgeresearch.com
The report publication process involves several steps: Secondary Research, Discussion Guide Preparation, Primary Research (interviews, surveys, among others), Data Triangulation, Market Engineering, Data Validation, and Report Writing. One of the research specialists will explain the research process in detail. For more details about the report methodology, contact us at research@blackridgeresearch.com.
If for any reason you're not satisfied with the report, just email us at support@blackridgeresearch.com. We will make sure it's resolved!
We're here to help from day one, with 24/6 outstanding support. For report purchases, we will provide post-purchase analyst support for any queries that you may have related to report up to one year.
Sujith

Got a Question?

Sujith will help you find what you are looking for.

Call: +1 (917) 993 7467
+91 8500 460 460

Some of our clients

Haven’t found what you’re looking for?

More than 70% of our clients seek customized reports. Reach us out to get yours today!

Please Enter Business Email Address

By clicking "Submit" you are indicating that you have read and agree to be bound by the Blackridge Terms of Service and Privacy Policy.