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    Austria Renewables SWOT


    May 5, 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 Renewables SWOT

      • 05 May 2022
      • Austria
      • Renewables
      SWOT Analysis

      Strengths

      • The country has a relatively attractive feed-in tariff (FiT) scheme.
      • Transmission networks are well developed and the country continues to make investments to improve and develop grid infrastructure.
      • Domestic firms benefit from expertise in a number of key renewables segments.
      • Austria aims to generate all of its electricity from renewable energy sources by 2030 and has committed funding to the sector via its climate and energy fund.

      Weaknesses

      • Austria's stagnant economy, low electricity consumption levels and prices have led to decreased FiT support.
      • Wind power capacity is largely focused on only two federal states, as state regulations prohibit their construction primarily in Western Austria.
      • Maturity of the sector could lead investors to target other emerging growth markets in Eastern Europe.

      Opportunities

      • There are numerous off-grid and alternative opportunities for biomass, such as heating and cooling or transport.
      • New rebate system for energy storage and photovoltaic systems under the Austrian Climate Fund.
      • Increased budget support for the domestic residential solar subsidy programme is likely to boost installations in the country.
      • The mounting drive towards low carbon green hydrogen will create demand for new renewables capacity.
      • Enhanced rooftop solar rebate payment scheme will increase potential growth outlook

      Threats

      • The Covid-19 pandemic has disrupted business activities, created supply chain bottlenecks and weakened investment, which has the potential to threaten project development in the renewable energy sector.
      • Electricity prices are falling because of extensive government subsidies for renewables power.
      • Slower growth in renewables capacity could increase reliance on imports in the future.
      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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