REFERENCE CODE GDPE0744ICR | PUBLICATION DATE OCTOBER 2014
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS
AND COMPETITIVE LANDSCAPE
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DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Executive Summary
Coal-based Thermal Capacity Dominates Electricity Generation in Denmark
Coal-based thermal power generation capacity
accounted for a XX% share of the total installed
capacity of Denmark in 2013, followed by installed
onshore wind capacity with XX%, gas-based
thermal generation capacity with XX%, biomass
with XX% and offshore wind capacity with XX%.
Other renewable sources such as solar PV, biogas
and small hydropower accounted for a share of
XX% in 2013, while the remaining XX% was
accounted for by oil-based thermal power capacity.
Power Market, Denmark, Cumulative Installed Capacity Breakdown by Type of Fuel (%), 2013
Coal (thermal)
Wind (onshore)Gas (thermal)
Biomass
Wind (offshore)
Other renewables: solar PV,
biogas, small hydropower
Oil (thermal)
Source: GlobalData, Power Database [Accessed on September 26, 2014]
Decline in Power Consumption and Generation from 2000 to 2013
Denmark recorded a decline in power consumption
from 2000 to 2013. Annual power consumption
amounted to XX Terawatt hours (TWh) in 2000,
which declined at a negative Compound Annual
Growth Rate (CAGR) of XX% to XX TWh in 2013.
Annual electricity generation also declined during
the same period from XX TWh in 2000 to XX TWh
in 2013, at a negative CAGR of XX%. Electricity
consumption has declined due to the very limited
growth of the residential sector, which is the largest
power consuming segment, as a result of the
collapse of the housing boom in Denmark in 2007,
which was further exacerbated by the global
recession in 2009 and the Eurozone crisis in 2011.
Power Market, Denmark, Annual Electricity Consumption and Generation (TWh), 2000–2013
2000 2007 2013
Annu
al p
ower
con
sum
ptio
n an
d ge
nera
tion
(TW
h)
Annual power consumption Annual power generation Source: GlobalData, Power Database [Accessed on September 26, 2014]
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Table of Contents
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
1 Table of Contents
1 Table of Contents ....................................................................................................................... 4
1.1 List of Tables ...................................................................................................................... 7
1.2 List of Figures ..................................................................................................................... 8
2 Introduction ................................................................................................................................. 9
2.1 GlobalData Report Guidance ............................................................................................ 10
3 Denmark, Power Market, Snapshot .......................................................................................... 11
3.1 Denmark, Power Market, Macroeconomic Factors ............................................................ 11
3.2 Denmark, Power Market, Supply Security ......................................................................... 14
3.3 Denmark, Power Market, Generation Infrastructure .......................................................... 15
3.4 Denmark, Power Market, Transmission Infrastructure ....................................................... 15
3.5 Denmark, Power Market, Opportunities............................................................................. 16
3.6 Denmark, Power Market, Challenges ................................................................................ 16
4 Denmark, Power Market, Market Analysis ................................................................................ 18
4.1 Denmark, Power Market, Supply Structure ....................................................................... 18
4.2 Denmark, Power Market, Key Market Players ................................................................... 18
4.3 Denmark, Power Market, Financial Deals ......................................................................... 19
4.3.1 Deal Volume and Value Analysis, 2004–2013 ............................................................... 19
4.3.2 Deals by Type, 2013 ..................................................................................................... 21
4.4 Denmark, Power Market, Demand Structure ..................................................................... 21
4.4.1 Consumption by Sector, 2013 ....................................................................................... 24
5 Denmark, Power Market, Regulatory Scenario ......................................................................... 25
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Table of Contents
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
5.1 Denmark, Power Market, Key Electricity Policies .............................................................. 25
5.1.1 Denmark, Power Market, Market Reforms ..................................................................... 25
5.1.2 Denmark, Power Market, Renewable Energy Policy and Incentives .............................. 25
5.1.3 Denmark, Power Market, Energy Targets and Strategy ................................................. 26
5.1.4 Denmark, Power Market, Initiatives for Energy Conservation ........................................ 26
5.2 Denmark, Power Market, Foreign Investment Scenario .................................................... 27
6 Denmark, Power Market, Capacity and Generation Overview ................................................... 28
6.1 Denmark, Power Market, Cumulative Installed Capacity by Type of Power Plant, 2013 .... 28
6.2 Denmark, Power Market, Cumulative Installed Capacity and Annual Power Generation,
2000–2030 ........................................................................................................................ 29
6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–
2030 ............................................................................................................................. 32
6.2.2 Cumulative Installed Hydro Capacity and Annual Hydropower Generation, 2000–2030 36
6.2.3 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation,
2000–2030 ................................................................................................................... 39
7 Denmark, Power Market, Transmission and Distribution Overview ........................................... 44
7.1 Denmark, Power Market, Transmission Overview ............................................................. 44
7.2 Denmark, Power Market, Distribution Overview ................................................................ 45
7.3 Denmark, Power Market, Grid Interconnection .................................................................. 47
7.3.1 Interconnections of Eastern Denmark ........................................................................... 47
7.3.2 Interconnections of Western Denmark........................................................................... 47
7.3.3 Electricity Import and Export Trends, 2000–2013 .......................................................... 47
7.4 Denmark, Power Market, Electricity Trading ..................................................................... 49
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Table of Contents
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
8 Denmark, Power Market, Competitive Landscape: Snapshot of Leading Power Generating
Companies ............................................................................................................................... 50
8.1 Key Company in the Denmark Power Market: Dong Energy ............................................. 50
8.1.1 Company Overview ....................................................................................................... 50
8.1.2 Business Description ..................................................................................................... 50
8.1.3 SWOT Overview ........................................................................................................... 51
8.2 Key Company in the Denmark Power Market: Vattenfall AB ............................................. 58
8.2.1 Company Overview ....................................................................................................... 58
8.2.2 Business Description ..................................................................................................... 58
8.2.3 SWOT Overview ........................................................................................................... 59
9 Appendix................................................................................................................................... 65
9.1 Market Definitions ............................................................................................................. 65
9.1.1 Power ............................................................................................................................ 65
9.1.2 Installed Capacity .......................................................................................................... 65
9.1.3 Active Installed Capacity ............................................................................................... 65
9.1.4 Electricity Generation .................................................................................................... 65
9.1.5 Electricity Consumption ................................................................................................. 65
9.1.6 Thermal Power Plant ..................................................................................................... 65
9.1.7 Hydropower Plant .......................................................................................................... 65
9.1.8 Nuclear Power............................................................................................................... 66
9.1.9 Renewable Energy Resources ...................................................................................... 66
9.2 Abbreviations .................................................................................................................... 67
9.3 Bibliography ...................................................................................................................... 68
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Table of Contents
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
9.4 GlobalData’s Methodology ................................................................................................ 69
9.4.1 Coverage ...................................................................................................................... 69
9.4.2 Secondary Research and Analysis ................................................................................ 69
9.4.3 Primary Research and Analysis..................................................................................... 70
9.5 Disclaimer ......................................................................................................................... 70
1.1 List of Tables
Table 1: Power Market, Denmark, Gross Domestic Product ($bn), Population (million), and Annual Power
Consumption (TWh), 2000–2018 ................................................................................................. 14
Table 2: Power Market, Denmark, Market Share of Leading Power Generation Companies (%), 2013 ...... 19
Table 3: Power Market, Denmark, Deal Value ($bn) and Deal Volume (Units), 2004–2013 ........................ 20
Table 4: Power Market, Denmark, Annual Electricity Consumption (TWh), 2000–2030 .............................. 23
Table 5: Power Market, Denmark, Electricity Consumption by Sector (%), 2013 ........................................ 24
Table 6: Power Market, Netherlands, Foreign Direct Investment ($bn), 2009–2013 ................................... 27
Table 7: Power Market, Denmark, Cumulative Installed Capacity by Fuel Type (%), 2013 ......................... 29
Table 8: Power Market, Denmark, Cumulative Installed Capacity (GW) and Annual Power Generation
(TWh), 2000–2030 ...................................................................................................................... 31
Table 9: Power Market, Denmark, Leading Active Thermal Power Units (MW), 2013 ................................. 33
Table 10: Power Market, Denmark, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power
Generation (TWh), 2000–2030 .................................................................................................... 35
Table 11: Power Market, Denmark, Active Hydropower Projects, 2013 ........................................................ 36
Table 12: Power Market, Denmark, Cumulative Installed Hydropower Capacity (MW) and Annual
Hydropower Generation (GWh), 2000–2030 ................................................................................ 38
Table 13: Power Market, Denmark, Leading Active Renewable Power Plants, 2013 .................................... 40
Table 14: Power Market, Denmark, Upcoming Renewable Power Plants, 2014–2020 ................................. 41
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DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Table 15: Power Market, Denmark, Cumulative Installed Renewable Capacity (GW) and Annual Renewable
Power Generation (TWh), 2000–2030 ......................................................................................... 43
Table 16: Power Market, Denmark, Transmission Line Length (Ckm), 2000–2020 ...................................... 45
Table 17: Power Market, Denmark, Distribution Line Length (Ckm), 2000–2020 .......................................... 46
Table 18: Power Market, Denmark, Annual Electricity Import and Export (TWh), 2000–2013 ....................... 49
Table 19: Power Market, Denmark, DONG Energy A/S, SWOT Analysis ..................................................... 52
Table 20: Power Market, Denmark, Vattenfall AB, SWOT Analysis .............................................................. 59
Table 21: Abbreviations .............................................................................................................................. 67
1.2 List of Figures
Figure 1: Power Market, Denmark, Gross Domestic Product ($bn) and Population (million), 2000–2019 ..... 12
Figure 2: Power Market, Denmark, Annual Power Consumption (TWh), 2000–2019 ................................... 13
Figure 3: Power Market, Denmark, Market Share of Leading Power Generation Companies (%), 2013 ...... 19
Figure 4: Power Market, Denmark, Deal Value ($bn) and Deal Volume (Units), 2004–2013 ........................ 20
Figure 5: Power Market, Denmark, Annual Electricity Consumption (TWh), 2000–2030 .............................. 22
Figure 6: Power Market, Denmark, Electricity Consumption by Sector (%), 2013 ........................................ 24
Figure 7: Power Market, Denmark, Cumulative Installed Capacity by Fuel Type (%), 2013 ......................... 28
Figure 8: Power Market, Denmark, Cumulative Installed Capacity (GW) and Annual Power Generation
(TWh), 2000–2030 ...................................................................................................................... 30
Figure 9: Power Market, Denmark, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power
Generation (TWh), 2000–2030 .................................................................................................... 34
Figure 10: Power Market, Denmark, Cumulative Installed Hydropower Capacity (MW) and Annual
Hydropower Generation (GWh), 2000–2030 ................................................................................ 37
Figure 11: Power Market, Denmark, Cumulative Installed Renewable Capacity (GW) and Annual Renewable
Power Generation (TWh), 2000–2030 ......................................................................................... 42
Figure 12: Power Market, Denmark, Annual Electricity Import and Export (TWh), 2000–2013 ....................... 48
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DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Introduction
2 Introduction
Denmark is a highly developed country, characterized by high standards of living and an equitable
distribution of income. It is a technologically advanced country and has established a strong
foothold in various industrial segments, including maritime shipping, pharmaceuticals and energy.
The country is actively engaged in international trade and is a net exporter of food and energy. As
a result, it has a favorable Balance of Payments (BoP) position. Denmark is also distinguished,
among other nations, as an attractive place to do business. It is a member of the European Union
(EU), is also a member of the International Monetary Fund (IMF), The World Bank, Organization for
Economic Co-operation and Development (OECD) and the World Trade Organization (WTO).
The economy suffered an initial slowdown after the end of a housing boom in 2007. Following this,
there was a sharp decline in housing prices over 2008 and 2009, which continued into 2011. There
was also a major decline in consumer confidence, exports and investment demand. The global
financial crisis also resulted in the decline of Denmark’s Gross Domestic Product (GDP) growth
rates, by XX% in 2008, then XX% in 2009. A modest recovery was registered in 2010, when GDP
recorded a growth rate of XX%. Traditionally known for its low levels of unemployment, the country
recorded an unemployment rate of around XX% between 2010 and 2012. The country’s BoP
situation also went into deficit during 2009. The government has since endeavored to provide a
major boost to its economy, and at the end of 2012, announced a modest stimulus package for the
economy. Despite unfavorable circumstances, the country occupies a strong fiscal position in
comparison with other EU countries. The Danish Krone is a part of ERM II mechanism, so its
exchange rate is tied to within XX% of the Euro.
With a GDP of $XX billion (measured at constant market prices) in 2013, the country registered a
GDP growth of XX% over 2012 (StatBank Denmark, 2014). The services sector contributed the
highest share of GDP in 2012 with XX%, followed by the industrial sector with XX% and the
agricultural sector with XX% (CIA, 2014). The country primarily exports pharmaceuticals,
machinery and instruments, and dairy products. Its chief trading partners include Germany,
Sweden, Norway, the Netherlands and France.
The Danish Ministry of Climate and Energy is responsible for exercising general control over the
electricity sector in Denmark. The regulatory body authorized to formulate the country’s legal
framework in relation to energy is the Energitilsynet, Danish Energy Regulatory Authority (DERA).
Dong Energy and Vattenfall are the two leading power generators in Denmark. In its 2012 Energy
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DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Introduction
Agreement, the Danish government established a target for wind energy sources to account for
XX% of electricity consumption by 2020. The government also aims to generate XX% of total
energy consumption from renewable energy sources by 2020. Furthermore, it aims to reduce
carbon dioxide emissions by XX% in 2020, compared with 1990 levels.
2.1 GlobalData Report Guidance
The executive summary captures key growth trends in the Danish power market.
Chapter three provides a snapshot of the key parameters that affect Denmark’s power sector,
as well as key points about the power market in Denmark.
Chapter four provides a power market analysis for Denmark.
Chapter five provides details of the regulatory scenario for the power market and the inward
foreign investment scenario in Denmark.
Chapter six provides information regarding Denmark’s cumulative installed capacity and annual
generation trends, as a whole and also by individual generation source.
Chapter seven describes the power Transmission and Distribution (T&D) infrastructure in
Denmark and includes information on interconnectors with neighboring countries. The section
also covers electricity import and export and upcoming grid-related projects in Denmark.
Note: all 2013 market numbers provided in the report are estimates, except where actual data were
available.
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Snapshot
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
3 Denmark, Power Market, Snapshot
3.1 Denmark, Power Market, Macroeconomic Factors
The Danish economy registered steady growth until 2007. The bust in the housing sector boom
slowed the economy in 2007, which was further exacerbated by the global economic recession of
2008 and 2009. Denmark’s GDP (at constant prices) declined by XX% in 2008 and by XX% in
2009. Although the economy picked up marginally by XX% in 2010, growth was again slower in
2011 at XX%, and in 2012, it again dipped at a negative XX%. The Danish economy picked up in
2013 with a marginal growth of XX%, primarily due to a stimulus package from the government and
is expected to continue growing during the 2014–2018 forecast period. The economy is expected
to grow at a CAGR of XX% from 2014 to 2019.
The Danish population registered negligible growth from 2000 to 2013, from XX million in 2000 to
XX million. In Denmark, the residential sector is one of the largest consumers of electricity. The
economy went through a rough patch from 2008 to 2012 and this affected the industrial and
manufacturing sector, which follows the residential sector in terms of electricity consumption. In
light of this, it is easy to understand why electricity consumption declined by a negative average
annual of XX% between 2007 and 2009 or by a negative average annual of XX% between 2007
and 2013.
Denmark’s electricity consumption amounted to XX Terawatt hours (TWh) in 2000, which declined
to XX TWh in 2016 at a negative CAGR of XX%. However, with the economy coming out of the
recessionary phase in 2014, power consumption is expected to increase and, by 2019, annual
electricity consumption is expected to have reached XX TWh, increasing from XX TWh in 2014, at
a CAGR of XX%.
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Snapshot
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Figure 1: Power Market, Denmark, Gross Domestic Product ($bn) and Population (million), 2000–2019
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Pop
ulat
ion
(mill
ion)
GD
P ($
bn)
GDP (constant prices) Population
Source: GlobalData; IMF, 2014
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DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Market Analysis
4.4.1 Consumption by Sector, 2013
The residential sector is the largest power consuming sector in Denmark. In 2013, it accounted for
an estimated XX% of total power consumption, followed by the commercial sector with XX%. The
industrial sector, consisting of energy and manufacturing, accounted for XX% of total power
consumption in 2013. Agriculture and transport services accounted for respective shares of XX%
and XX%.
Figure 6: Power Market, Denmark, Electricity Consumption by Sector (%), 2013
Residential
Commercial
Industrial
AgriculturalTransport
Source: GlobalData
Table 5: Power Market, Denmark, Electricity Consumption by Sector (%), 2013 Sector Share (%)
Residential
Commercial
Industrial
Agricultural
Transport
Source: GlobalData
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Appendix
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
9 Appendix
9.1 Market Definitions
9.1.1 Power
This term refers to the rate of production, transfer or energy use – it is usually related to electricity.
Measured in Watts and often expressed in kilowatts (kW), Megawatts (MW) or Gigawatts (GW). It
is also known as "real" or "active" power.
9.1.2 Installed Capacity
This refers to the generator’s nameplate capacity (as stated by the manufacturer) or the maximum
rated output of a generator under given conditions. Installed capacity is given in Megawatts (MW)
on a nameplate affixed to the generator.
9.1.3 Active Installed Capacity
This refers to the component of electric power that actually performs work, given in kilowatts (kW)
or Megawatts (MW).
9.1.4 Electricity Generation
This refers to the production of electric energy, achieved through the transformation of other forms
of energy. This term also refers to the amount of electric energy produced. It is measured in
Gigawatt hours (GWh) or Terawatt hours (TWh).
9.1.5 Electricity Consumption
This refers to the sum of electricity generated, plus imports, minus exports, minus transmission and
distribution losses. It is measured in Gigawatt hours (GWh) or Terawatt hours (TWh).
9.1.6 Thermal Power Plant
This refers to a plant in which turbine generators are driven by burning fossil fuels.
9.1.7 Hydropower Plant
This refers to a plant in which the turbine generators are driven by falling water.
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Appendix
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
9.1.8 Nuclear Power
This refers to the electricity generated by the use of thermal energy, released from the fission of
nuclear fuel in a reactor.
9.1.9 Renewable Energy Resources
This refers to naturally replenishing energy resources that are limited in the amount of energy that
is available per unit of time. Biomass, geothermal, solar and wind energy are all renewable
resources.
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Appendix
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
9.2 Abbreviations
Table 21: Abbreviations AC Alternating Current
BoP Balance of Payment
CAGR Compound Annual Growth Rate
Ckm Circuit kilometer
CO2 Carbon Dioxide
DC Direct Current
DEA Danish Energy Agency
DERA Danish Energy Regulatory Authority
DKK Danish Krone
EU European Union
FDI Foreign Direct Investment
GDP Gross Domestic Product
GW Gigawatt
GWh Gigawatt Hour
HVDC High Voltage Direct Current
IMF International Monetary Fund
kV Kilovolt
MW Megawatt
OECD Organization for Economic Cooperation and Development
PV Photovoltaic
SWOT Strengths, Weaknesses, Opportunities and Threats
T&D Transmission and Distribution
TWh Terawatt hour
WTO World Trade Organization
Source: GlobalData
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Appendix
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
9.3 Bibliography
BP (2014). BP Statistical Review of World Energy, June 2014 [database]. BP Plc. Available at:
http://www.google.co.in/url?url=http://www.bp.com/content/dam/bp/excel/Energy-
Economics/statistical-review-2014/BP-
Statistical_Review_of_world_energy_2014_workbook.xlsx&rct=j&frm=1&q=&esrc=s&sa=U&ei=
81cpVLmdJ4KVuQTOqoCICA&ved=0CBYQFjAB&sig2=uY-
nHvrj533nlGP2KngyVQ&usg=AFQjCNGiSM5vgRxZBRpC45gdWL0E9-XTqg [Accessed on
September 25, 2014]
CIA (2014). Denmark: The World Factbook. Central Intelligence Agency. Available from:
https://www.cia.gov/library/publications/the-world-factbook/geos/da.html [Accessed on
September 25, 2014]
Denmarks Nationalbank (2014). Direct Investments [database]. Danmarks Nationalbank.
Available from:
http://nationalbanken.statistikbank.dk/statbank5a/SelectTable/omrade0.asp?SubjectCode=904
&PLanguage=1&ShowNews=OFF [Accessed on September 26, 2014]
IMF (2014). World Economic Outlook Database, April 2013 [database]. International Monetary
Fund. Available at: http://www.imf.org/external/pubs/ft/weo/2014/01/weodata/weoselgr.aspx
[Accessed on September 25, 2014]
NIB (2012). Denmark. Greenland Self Rule Government. Nordic Investment Bank. Available
from: http://www.nib.int/loans/agreed_loans/309/greenland_self_rule_government [Accessed
on September 25, 2013]
StatBank Denmark (2014). Main accounts (constant prices, DKK million) by kind of account
and price unit [database]. StatBank Denmark. Available from:
http://www.statbank.dk/statbank5a/SelectVarVal/Define.asp?MainTable=NAT02&PLanguage=
1&PXSId=0&wsid=cfsearch [Accessed on September 25, 2014]
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Appendix
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
9.4 GlobalData’s Methodology
GlobalData’s dedicated research and analysis teams consist of experienced professionals with
backgrounds in marketing, market research and consulting in the power industry, and advanced
statistical expertise.
GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and
the Strategic and Competitive Intelligence Professionals (www.scip.org).
The following research methodology is followed for all country outlook reports.
9.4.1 Coverage
This report gives detailed information on Denmark’s power market. It examines Denmark’s power
market structure and provides historical and forecast numbers for generation, capacity and
consumption up to 2030. The report provides insights on the market’s regulatory structure, import
and export trends, competitive landscape and leading active and upcoming power projects.
9.4.2 Secondary Research and Analysis
The capacity, generation and consumption data is collected and validated using a number of
secondary resources, including, but not limited to:
Government agencies, ministerial websites, industry associations, the World Bank, statistical
databases
Company websites, annual reports, financial reports, broker reports and investor presentations
Industry trade journals, market reports and other literature
GlobalData’s proprietary databases, including the Capacity and Generation Database, the
Power Plant Database and the Transmission and Distribution Database.
Further to this, the following secondary information is collected and analyzed to project Denmark’s
power market scenario through to 2030, analyzing factors such as the following:
Denmark’s macro-economic scenario
Government regulations, policies and targets
Government and private sector investments
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Appendix
DENMARK POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS AND COMPETITIVE LANDSCAPE
Contract and deal announcements
Utility expansion plans
The sector’s historic track record
Other qualitative insights built through secondary research and analysis of company websites,
annual reports, investor presentations, industry and trade journals, and data from industry
associations.
9.4.3 Primary Research and Analysis
Secondary research is further complemented through primary interviews with industry participants
to verify and fine-tune the market numbers obtained through secondary research and get first-hand
information on industry trends.
The participants are drawn from a diverse set of backgrounds, including equipment manufacturers,
industry associations, government bodies, utilities, distributors, and academia. The participants
include, but are not limited to, C-level executives, industry consultants, academic experts, business
development and sales managers, purchasing managers, plant managers, government officials,
and industry spokespeople.
9.5 Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publisher, GlobalData.
This report is a licensed product and should not to be reproduced without prior permission.
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