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    Austria Power SWOT


    January 17, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Austria Power SWOT

      • 17 Jan 2022
      • Austria
      • Power
      SWOT Analysis

      Strengths

      • Extensive power infrastructure already in place, with near-universal access to the electricity grid.
      • Home to several large domestic utilities firms with a broad range of expertise and access to extensive market capital for investments.
      • Non-hydropower renewables already make up more than 20% of total electricity generated in the country.
      • Government remains supportive of the renewables sector and has instituted a robust regulatory environment to support further development.

      Weaknesses

      • Limited domestic economic growth hampering public investment in power infrastructure.
      • Regulations that stipulate high levels of state ownership in utility providers could deter private investors.
      • High level of reliance on renewables creates vulnerability to supply fluctuations.
      • Despite slow consumption growth, domestic generation is lagging behind demand.

      Opportunities

      • Austria has set ambitious targets to further increase the share of renewables in the energy mix.
      • Import of nuclear energy was stopped from January 1 2015 creating scope for greater renewables imports, dependent upon regional availability.
      • Government has set out relatively attractive feed-in tariffs and funding through its 2017 Green Energy Act amendment.
      • Development of regional shared network provides scope for further transmission grid investments.

      Threats

      • Opposition to new thermal power and slower growth in renewables capacity could increase reliance on imports in the future.
      • Potential for further disruption from the Covid-19 pandemic due to spread of more infectious variants which could weaken industrial and household consumption.
      • Sharp rise in wholesale gas prices could impact on gas-fired thermal power.
      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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