Netherlands Renewable Energy Market Size

Renewable Energy in Netherlands Market Analysis

The market for renewable energy in the Netherlands is expected to register a CAGR of approximately 7.34% during the forecast period. The COVID-19 pandemic had no significant impact on the market, as the country witnessed growth in renewable energy installed capacity in 2020 as well. However, projects like the Fryslan wind energy project were delayed by a quarter in 2020. Factors such as increasing renewable energy generation, reducing dependence upon fossil fuels, rising environmental awareness, and the government's push toward following the Paris climate accord are expected to boost the demand in the Dutch renewable energy market. However, technological and cost constraints in the renewable energy market are impeding the growth of the market.

• Till 2020, solar energy dominated the renewable energy market, with around 57.7% share of the installed renewable energy capacity. This is expected to change considerably during the forecast period, with wind energy taking a large share of renewable energy and becoming the largest in the segment. This growth can be attributed to the private players' involvement in trying to increase wind energy profits.
• The prices of renewable energy are decreasing steadily and, in some places, out-competing the national average price per kilowatt. As the prices fall further, renewable energy is expected to sustain without governmental subsidies, thereby forming an opportunity for the companies to grow further in the sector.
• Renewable energy generation has been increasing steadily in the country, with a significant increase in the amount of solar energy being produced in the country.