Report: ALTENER 4.1030/Z/01-003: ADMIRE-REBUS - Assessment and Dissemination activity on Major Investment Opportunities for Renewable electricity in Europe using the REBUS tool

Project website: www.admire-rebus.net Project Start: 2001 Coordinator: Energy Research Centre of the Netherlands, The Netherlands Status: Ongoing

Project Results

1. 15 country workshops to disseminate and discuss results of recent EU-projects with potential investors in renewable electricity;
2. Version of the REBUS model adapted to the needs of potential investors (ADMIRE-REBUS model);
3. ADMIRE-REBUS model transferred to 6 project partners
4. Improved insights in the following aspects of the green electricity market
   1. market value of green electricity, i.e. the sum of the electricity part and the green part of renewable electricity production
   2. absolute size of the green electricity market under different possible scenarios
   3. the major interesting investment opportunities in Europe, including the country and location of production, the technology deployed, the cost of production and the expected return of investment on those locations.
5. 15 country workshops to disseminate improved results
6. Presentations on the ADMIRE-REBUS results at conferences and stakeholder meetings, such as the general meetings and country meetings of RECS.

Project Abstract

The main objective of ADMIRE-REBUS is to reduce barriers to further development of renewable electricity production in the EU, particularly:

1. Uncertainty on the side of potential investors on the size and value of the EU green electricity market in the coming decade
Lack of full knowledge on the major low-cost renewable electricity production locations

This concentrates on the following:

1. Reducing uncertainty among potential investors regarding market size and value of the green electricity market
2. Identifying major low-cost investment opportunities in Europe
3. Dissemination among (potential) investors in renewable electricity of the insights gained during recent EU-projects on green electricity and of the insights gained in the analysis part of this project.

Project Description

The two main actions that will be carried out in this project to achieve the objectives are:

1. Dissemination of relevant insights in the development of the renewable electricity market; based on recent previous projects
2. Development of new insights in the workings of the green electricity market that will, once disseminated, reduce the uncertainty about market size and value of the green electricity market.

Work in the project focuses on the organisation of two rounds of country workshops. These workshops will be organised in each of the EU member States, with the major stakeholders as target audience (large as well as small renewable energy investors). Presentations at these workshops will inform on:

• Renewable electricity developments in all EU Member States; based on earlier work from InTraCert and RECerT projects
• Policies and experiences with policy instruments such as green certificate markets; based on earlier work
• Outcomes and discussions on green electricity market simulations
• Results of calculations with the ADMIRE-REBUS model on green certificate prices, national deployment of renewable electricity, interaction with national support schemes.
• Analysis on effects of barriers as planning procedures and industry growth limits
• New insights on transaction costs, investment criteria and risk assessments in the renewable electricity market

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ALTENER II Programme 1998-2002 : Electricity : Renewable Energy Sources & Systems

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Risoe National Laboratory

Observ'ER - Observatoire des énergies renouvelables

ZEW - Zentrum für Europäische Wirtschaftsforschung Centre for European Economic Research

SERVEN - Servizi per l'Energia

ECN - Energy Research Centre of the Netherlands

CSIC - Consejo Superior de Investigaciones Científicas