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Analysis of the Andean Region’s Renewable Energy Market

  • July 2013
  • -
  • Frost & Sullivan
  • -
  • 122 pages

New Projects Shift the Nascent Market toward a Growing Phase

This research service examines the renewable energy generation market in the Andean Region, which is divided into the following segments: small hydropower, biomass generation, solar photovoltaic power generation and wind power. The region will have a significant growth due to commissioning of wind and solar photovoltaic power plants in the short term. In this study, the market is strictly associated with renewable energy power plants, which can be developed or restrained according to renewable energy supportive policies. This research service provides power generation units and revenue forecasts, along with a market share and competitive analysis for participants in the region. Conclusions about the market’s future are included.

Executive Summary

•This research service discusses the revenues generated and the trends observed in the Andean Region’s renewable energy markets, comprised of wind power, solar photovoltaic (PV) power generation, biomass power, small hydropower, and geothermal power.
•Of the 5 technologies covered, small hydropower had the highest market share in terms of revenue in 2012.
•Driven by public competitive bidding in Peru and high-value power purchase agreements for solar PV in Ecuador, the total market will experience high growth levels until 2014. In Peru, X megawatts (MW) of solar PV and wind power will be commissioned by 2014, and in Ecuador solar PV installed capacity is expected to expandX MW by 2015.
•Colombia has not yet defined a strategy to promote renewable energies beyond hydropower. This restraint inhibits the growth of the total market and will result in a displacement of market share in favor of solar independent power producers (IPP).
•The entrance of wind and solar PV plants is expected to foster an escalation of renewable energy prices at a compound annual growth rate (CAGR) of X%.
•There are no geothermal plants in the region to date, despite the untapped potential. The first projects in Peru, Ecuador, and Colombia are expected to commission in 2017, leading to a market kick off in the long term.

CEO’s Perspective

1. The markets of Ecuador and Peru will account for the largest share of growth and activation of renewable energies in the region.
2. Solar and wind power are witnessing an increase in activity. They are encouraged by tender processes and the country’s focus on energy development.
3. The main energy generators are state enterprises and sugar cane mills, although in the short term further development will continue to be generated by private investors.
4. Small hydropower generation is leading the industry, though the conditions are expected to revert quickly by means of new unconventional additions to the system.
5. Energy sales are primarily accomplished through distributors. The stable segment of cogeneration will lose participation in the forecast period.

Key Questions This Study Will Answer

• How do countries in the Andean Region focus on renewable energies?
• What are the main drivers and restraints underlying the growth of this market?
• What is the present market size and how will it grow in terms of revenue and energy generated?
• What is the expected market growth according to strategies, specialists, and participants?
• Who are the main renewable energy producers?
• What are the main challenges governments and IPPs must overcome in order to reach the renewable energy global growth trend?

Table Of Contents

Analysis of the Andean Region’s Renewable Energy Market
Table Of Contents

1. Executive Summary
2. Market Overview
3. Total Market
• External Challenges: Drivers and Restraints
• Forecasts and Trends
• Market Share and Competitive Analysis
4. Segment Breakdown
• Small Hydropower
• Biomass
• Solar Photovoltaic
• Wind Power
5. Country Breakdown
• Colombia
• Peru
• Ecuador
6. The Last Word
7. Appendix

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