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Austria Power SWOT
- 17 Jan 2022
- 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.
- 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.
- 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.
- 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.
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