Benchmarking of Wind with Solar Energy 2011-2016: Cost, Profit and Opportunity Benchmarking

Wind and solar are clean renewable energy sources available across the globe. The business of generating electricity from wind and solar energy is growing and is poised for rapid expansion as the US, China and Rest of the world look for cleaner and more sustainable ways to generate electricity. As per Lucintel’s estimates th

e wind energy market is expected to reach $108 billion, the solar photovoltaic (PV) market $101 billion and the solar thermal market to $17 billion by 2016.

Investment in renewable energy calls for a proper analysis, therefore Lucintel has performed a analysis of the global wind and solar energy markets and has published a comprehensive research report, “Benchmarking of Wind with Solar Energy 2011-2016: Cost, Profit and Opportunity Benchmarking”.

As per the study, the cost of generating electricity from wind is low as compare to solar PV and solar thermal. Its low levelized cost gives it a competitive advantage over solar PV and solar thermal. The low capital cost of wind energy further enhances its competitive advantage over solar PV and solar thermal.

Typically, the return on investment of wind energy is approximately 9%, while the ROI of solar PV and solar thermal are both approximately 8%.  Generally, investors are expected to require an ROI of 8% or higher if they are investing in an idea/product. The average internal rate of return for wind energy of 11% also surpasses that of solar energy. Increasing energy consumption, together with government support, is likely to drive renewable energy growth, resulting in a sound future for renewable energy sources.

Lucintel’s report makes a detailed assessment of the renewable energy industry offering the client a better understanding of the market’s current trends and forecasts. Apart from covering the profit and risk analysis of generating power from these renewable energy sources, the report also benchmarks installation and operational costs of solar and wind energy,

This Lucintel report will provide the reader with valuable information, insights, growth forecasts and normalized cost of energy for these differing technologies. Solar energy benchmarking report will save the reader hundreds of hours of research time and will be of significantly benefit in the support of business expansion. In today’s stringent economy, you need every advantage that you can find.

To make business, investment, or strategic decisions, you need timely and adequate information. Solar energy benchmarking market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with this market.

Some of the features of Benchmarking of Wind with Solar Energy 2011-2016: Cost, Profit and Opportunity Benchmarking Market report are:
 

 

List of Figures

 

 

CHAPTER 1:  Executive Summary

Fig 1.1 Trend in levelized cost of energy for various renewable energy sources

 

Fig 1.2 Trend and Forecast in levelized cost of energy for various renewable energy sources.

 

CHAPTER 2- Renewable Energy Market Assessment

Fig. 2.1 Installed capacity of renewable energy in top 10 countries in 2010

Fig 2.2 Global leadership quadrant for wind, solar PV and solar thermal

Fig 2.3 Value chain analysis of wind energy

Fig. 2.4 Porter’s Five Forces model for the wind equipment manufacturers

Fig 2.5 Value chain analysis of solar PV

Fig. 2.6 Porter’s Five Forces model for solar PV system manufacturers

Fig 2.7 Value chain analysis of Solar thermal

Fig. 2.8 Porter’s Five Forces model for solar thermal system manufacturers

CHAPTER 3- Renewable Energy Market Trend and Forecast

Fig 3.1 Growth matrix of wind, solar PV and solar thermal 

Fig 3.2 Regional growth matrix of wind, solar PV and solar thermal 

Fig.3.3 Global installed capacity trend of wind, solar PV and solar thermal energy (2005-2010)

Fig.3.4 Global trend of wind, solar PV and solar thermal new turbine installation (2005-2010)

Fig.3.5 Growth of global wind, solar PV and solar thermal energy market ($ Billion) (2005-2010)

Fig 3.6 Installed capacity trend of wind, solar PV and solar thermal in Europe (2005-2010)

Fig 3.7 Growth matrix of wind, solar PV and solar thermal in Europe

Fig 3.8 Installed capacity trend of wind, solar PV and solar thermal in North America (2005-2010)

Fig 3.9 Growth matrix of wind, solar PV and solar thermal in North America

Fig 3.10 Installed capacity trend of wind, solar PV and solar thermal in Asia Pacific (2005-2010)

Fig 3.11 Growth matrix of wind, solar PV and solar thermal in Asia Pacific

Fig 3.12 Installed capacity trend of wind, solar PV and solar thermal in Rest of World (2005-2010)

Fig 3.13 Growth matrix of wind, solar PV and solar thermal in Rest of World

Fig 3.14 Major countries growth matrix of wind, solar PV and solar thermal 

Fig 3.15 Installed capacity trend of wind, solar PV and solar thermal in USA (2005-2010)

Fig 3.16 Installed capacity trend of wind, solar PV and solar thermal in China (2005-2010)

Fig 3.17 Installed capacity trend of wind, solar PV and solar thermal in Germany (2005-2010)

Fig 3.18  Installed capacity trend of wind, solar PV and solar thermal in Spain (2005-2010)

Fig 3.19 Installed capacity trend of wind, solar PV and solar thermal in India (2005-2010)

Fig 3.20 Installed capacity trend of wind, solar PV and solar thermal in Japan (2005-2010)

Fig 3.21 Installed capacity trend of wind, solar PV and solar thermal in Italy (2005-2010)

Fig 3.22-Global market forecast (2011-2016) in cumulative MW for wind, solar PV and solar thermal energy capacity

Fig 3.23 Forecast of new installations worldwide for wind, solar PV and solar thermal 2011-2016

Fig 3.24- Market forecast (2011-2016) in cumulative MW for wind, solar PV and solar thermal energy capacity in North America

Fig 3.25- Market forecast (2011-2016) in cumulative MW for wind, solar PV and solar thermal energy capacity in Europe

Fig 3.26- Market forecast (2011-2016) in cumulative MW for wind, solar PV and solar thermal energy capacity in Asia Pacific

Fig 3.27- Market forecast (2011-2016) in cumulative MW for wind, solar PV and solar thermal energy capacity in Rest of World

Fig 3.28 Forecast (2011-2016) for global wind, solar PV and solar thermal energy market value ($ billions)

Fig 3.29 Major counties growth matrix of wind, solar PV and solar thermal 

Fig 3.30  Impact analysis of drivers - wind energy

Fig 3.31 Impact analysis of challenges - wind energy

 

Fig 3.32 Impact analysis of drivers - solar PV

Fig. 3.33 Impact analysis of challenges - solar PV

Fig 3.34 Impact analysis of drivers - solar thermal

 

Fig 3.35 Impact analysis challenges - solar thermal energy

 

CHAPTER 4-Cost Benchmarking of Solar with Wind Energy

Fig 4.1 Cost breakdown of wind energy in 2010

Fig 4.2 Capital cost breakdown of wind energy in 2010

Fig. 4.3 Capital cost trend ($/MWh) (1995-2010) of wind energy

Fig 4.4 Wind turbine cost, steel and glass fiber price trend (1998-2009)

Fig 4.5 Copper price trend ($/MT)

Fig 4.6 Cost breakdown of operational & maintenance cost of wind energy in 2010

Fig 4.7 Operational & maintenance cost ($/MWh) trend of wind energy (1995-2010)

Fig 4.8 Cost breakdown of solar photovoltaic in 2010

Fig 4.9 Capital cost breakdown of solar photovoltaic in 2010

Fig 4.10: Capital cost ($/MWh) trend of solar photovoltaic (1995-2010)

Fig 4.11 Solar module price trend ($/W)

Fig 4.12 Operational & maintenance cost ($/MWh) trend of solar photovoltaic (1995-2010)

Fig 4.13 Cost breakdown of solar thermal in 2010

Fig. 4.14 Capital cost breakdown of solar thermal in 2010

Fig. 4.15 Capital cost trend of solar thermal ($/MWh) (1995-2010)

Fig. 4.16 Operational & maintenance cost breakdown of solar thermal in 2010

Fig 4.17 Operational & maintenance cost trend of solar thermal ($/MWh) (1995-2010)

Fig 4.18 Trend in levelized cost of energy for wind, solar PV and solar thermal (1995-2010)

Fig 4.19 Breakdown of total cost of wind, solar PV and solar thermal in 2010

Fig 4.20 Trend and Forecast of levelized cost energy for wind, solar PV and solar thermal 

Fig 4.21 Capital cost of wind, solar PV and solar thermal in 2010

Fig 4.22 Capital cost trend of wind, solar PV and solar thermal (1995-2010)

Fig 4.23 Capital cost breakdown of wind, solar PV and solar thermal in 2010

Fig 4.24 Capital cost forecast of wind, solar PV and solar thermal (2011-2016)

Fig 4.25 Equipment cost of wind, solar PV and solar thermal 2010

Fig 4.26 Equipment cost trend of wind, solar PV and solar thermal (1995-2010)

Fig 4.27 Operational and maintenance cost of wind, solar PV and solar thermal 2010

Fig 4.28 Operational and maintenance cost trend of wind, solar PV and solar thermal (1995-2010)

Fig 4.29 Operational and maintenance cost forecast of wind, solar PV and solar thermal (2011-2016)

Fig 4.30 Cost Analysis for wind, solar PV and solar thermal

CHAPTER 5-Profit Analysis of Solar with Wind Energy

Fig 5.1 Profitability analysis for power developers of the wind, solar PV and solar thermal segments

Fig 5.2 Payback period of wind, solar PV and solar thermal (Power developers)

Fig 5.3 Profitability analysis for wind, solar PV and solar thermal

Fig 5.4 Gross Profit trend for wind and solar PV

Fig 5.5 Net Profit trend for wind and solar PV

Fig 5.6 Trend in gross profit margin of wind value chain

Fig 5.7 Trend in Net profit margin of wind value chain

Fig 5.8 Gross profit margin of solar PV value chain

Fig 5.9 Net profit margin of solar PV value chain

CHAPTER 6 -Risk Analysis of Wind and Solar Energy

 

Fig 7.1- Risk analysis of wind, solar PV and solar thermal

Fig 7.2- Risk/Investment analysis of wind, solar PV and solar thermal

 

 

List of Tables

 

 

CHAPTER 1:  Executive Summary

Table 1.1Trend and Forecast of different energy sources

 

Table 1.2 Trend in levelized cost of energy of different renewable energy sources (CAGR) (1995-2010)

Table 1.3 Forecast in levelized cost of energy of different energy sources (CAGR) (2011-2016)

Table 1.4 Market parameters for the wind, solar PV and solar thermal energy markets and attributes of usage

CHAPTER 2- Renewable Energy Market Assessment

Table 2.1 Major suppliers of polysilicon

Table 2.2 New players in the market

Table 2.3 Market players of Ingot/Wafer

Table 2.4 Market players of solar PV cell

 

Table 2.5 Market players of solar module

 

Table 2.6 Companies making concentrated solar power components

Table 2.7 Concentrated solar power developer companies

CHAPTER 3- Renewable Energy Market Trend and Forecast

Table 3.1 Global Installed capacity trend of wind, solar PV and solar thermal (GW) (2005-2010)

Table 3.2 Ranking of regions in terms of cumulative installed capacity for wind, solar PV and solar thermal by 2010 

Table3.3 Installed capacity trend of wind, solar PV and solar thermal (GW) (2005-2010) in  Europe

Table3.4 Installed capacity trend of wind, solar PV and solar thermal (GW) (2005-2010) in  North America

Table 3.5 Installed capacity trend of wind, solar PV and solar thermal (GW) (2005-2010) in Asia Pacific

 

Table 3.6 Installed capacity trend of wind, solar PV and solar thermal (GW) (2005-2010) in Rest of World

Table 3.7 Installed capacity trend of wind, solar PV and solar thermal in USA (2005-2010)

Table 3.8 Installed capacity trend of wind, solar PV and solar thermal in China (2005-2010)

Table 3.9 Installed capacity trend of wind, solar PV and solar thermal in Germany (2005-2010)

Table 3.10 Installed capacity trend of wind, solar PV and solar thermal in Spain (2005-2010)

Table 3.11 Installed capacity trend of wind, solar PV and solar thermal in India (2005-2010)

Table 3.12 Installed capacity trend of wind, solar PV and solar thermal in Japan (2005-2010)

Table 3.13 Installed capacity trend of wind, solar PV and solar thermal in Italy (2005-2010)

Table 3.14 Growth forecast (2011-2016) for wind, solar PV and solar thermal in terms cumulative capacity installations

 

CHAPTER 5-Profit Analysis of Solar with Wind Energy

Table 5.1 Economic Assumption for calculating ROI, IRR, ROE and Payback period