Naperville, IL -- (SBWIRE) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of Czech Republic Renewables Report Q3 2014 market report to its offering
This quarter our view for the country remains virtually unchanged. After several years of
growth, the Czech Republic's government has assumed a rather negative stance towards expanding its
renewable energy industry. After the Czech Senate approved a law cutting a number of state subsidies for
developers of renewable energy projects in the country in October 2013, interest in the renewables sector
has significantly cooled down in the country. As other power generating sources are presenting much
cheaper alternatives to expanding renewable energy - chiefly coal - we believe the likelihood of a
retrenchment in policy and a reintroduction of a state subsidy programme for renewables is highly unlikely.
As a result, we expect sluggish growth across the majority of segments within the renewables industry over
our forecast period.
The country aims to develop its renewables industry so that it contributes at least 15-16% of the total energy
consumption by 2030, a target that, considering the latest developments, we consider unachievable at
present. BMI has instead adopted a more reserved outlook for the country's renewables, expecting nonhydro
renewable generation to account for roughly 8.67% of total electricity generation within the country
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