Denmark Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

Pages: 63 Published: July 07, 2022 Report Code: GDPE2283ICR

Denmark power market cumulative installed capacity was 16.1 GW in 2021. The market is expected to grow at a CAGR of more than 4% during the period 2021-2035. Denmark power market research report discusses the power market structure of Denmark and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential.

Denmark Power Market, by Outlook

Denmark Power Market, by Outlook

 

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Key Technology in the Denmark Power Market

Key technologies in the Denmark power market are small hydro, biopower, gas, onshore wind, offshore wind, solar PV, coal, and oil. Onshore wind was the dominant source of power in 2021.

Denmark Power Market, by Technology

Denmark Power Market, by Technology

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Major Power Plants in the Denmark Power Market

  • Nordjylland Steam Turbine Power Station
  • Kyndby Oil Fired Steam Turbine Power Plant
  • Fynsvaerket Coal Fired Power Plant
  • Esbjerg (Vestkraft) Power Plant
  • Kyndby Oil Fired Gas Turbine Power Plant
  • Silkeborg Cogeneration Plant
  • Hillerod CHP Plant
  • Masnedoe Power Plant
  • Helsingor Power Plant
  • Viborg CHP plant
  • DTU Combined Cycle Power Plant
  • Nordjylland Gas Turbine Power Station
  • C.Orsted Gas Turbine Power Plant
  • Grenaa CHP Plant
  • Regulerkraft Assens Power Plant

Key Companies in the Denmark Power Market

Orsted AS – Orsted AS (Orsted) is a renewable energy company. It develops, constructs, and operates offshore and onshore wind farms, bioenergy plants, solar farms, and energy storage facilities, and provides waste-to-energy solutions and smart energy products. The company produces heat and electricity using coal, natural gas, oil, biomass, wind, and solar sources; and sells power and gas in wholesale and retail markets and optimizes and hedges its energy portfolio. Orsted also owns and operates gas and power contracts and originates and trades these for optimizing its portfolio; and operates Renescience plants, biogas upgrade facilities and biogas plants. It has operations in the UK, Denmark, Germany, the US, the Netherlands and other. Orsted is headquartered in Fredericia, Denmark.

Vattenfall AB – Vattenfall AB (Vattenfall) is a state-owned energy company that generates, distributes, and sells electricity and heat. The company also conducts the sale of gas and energy trading. Vattenfall generates power through various sources of energy including wind, nuclear, hydro, natural gas, solar, coal, biomass and waste. It produces and distributes district heating and supplies to households and industries in metropolitan areas. In addition, the company provides energy services such as battery storage, network services, charging solutions for electric vehicles, heat pumps, solar panels and smart meters. It serves households, businesses, electricity, and gas customers. It has presence in Denmark, Finland, Germany, the Netherlands, and the UK among others. Vattenfall is headquartered in Solna, Stockholm, Sweden.

Market report overview

Market size 2021 16.1 GW
CAGR% 2021-2035 >4%
Key technologies Small Hydro, Biopower, Gas, Onshore Wind, Offshore Wind, Solar PV, Coal, and Oil
Major plants Nordjylland Steam Turbine Power Station, Kyndby Oil Fired Steam Turbine Power Plant, Fynsvaerket Coal Fired Power Plant, Esbjerg (Vestkraft) Power Plant, Kyndby Oil Fired Gas Turbine Power Plant, Silkeborg Cogeneration Plant, Hillerod CHP Plant, Masnedoe Power Plant, Helsingor Power Plant, Viborg CHP plant, DTU Combined Cycle Power Planty, Nordjylland Gas Turbine Power Station, H.C.Orsted Gas Turbine Power Plant. Grenaa CHP Plant, and Regulerkraft Assens Power Plant
Key companies Orsted AS and Vattenfall AB

Scope

This report provides a comprehensive analysis of the power market in Denmark and contains the following sections:

  • The executive summary captures the key trends in the country’s power market.
  • The “Denmark Power Market, Snapshot” section provides a snapshot of the key parameters that affect the country’s power sector, as well as key points about the country’s power market including opportunities, challenges, and the impact of COVID-19.
  • The “Denmark Power Market, Market Analysis” section provides the market structure, generation market share, deals, and demand structure.
  • The “Denmark Power Market, Regulatory Scenario” section details the regulations and policies in the country’s power sector.
  • The “Denmark Power Market, Capacity and Generation” section provides information on cumulative installed capacity and annual generation trends, by individual generation source.
  • The “Denmark Power Market, Transmission and Distribution Overview” section discusses the power T&D infrastructure, electricity import and export, grid interconnections, and electricity trading.
  • The “Denmark Power Market, Major Generating Companies” section discusses the major electricity generating companies in the country.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
  • Identify key factors driving investment opportunities in the country’s power sector.
  • Facilitate decision-making based on strong historic and forecast data.
  • Develop strategies based on the latest regulatory events.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Identify key partners and business development avenues.
  • Identify key strengths and weaknesses of important market participants.
  • Respond to your competitors’ business structure, strategy, and prospects.

Key Players

Orsted AS, Vattenfall AB, PensionDanmark AS

Table of Contents

Table of Contents

1. Executive Summary

1.1 Denmark to hasten renewable power development to overcome dependence on Russian gas

1.2 Offshore wind to overtake onshore wind to become the dominant source of power generation by 2026

2. Introduction

2.1 Denmark Power Market

2.2 GlobalData Report Guidance

3. Denmark Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Denmark Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 Denmark Power Market, Demand Structure

Power Consumption by Sector, 2021

5. Denmark Power Market, Regulatory Scenario

5.1 Renewable Energy Market, Overview

5.2 Electricity Supply Act

5.3 National Renewable Energy Action Plan (Target 2020)

5.4 Renewable Energy Targets

5.5 Draft-National Energy and Climate Plan (Target 2030)

5.6 Energy Strategy 2050

5.7 National Recovery and Resilience Plan – Green Transition

5.8 Hydrogen energy in Denmark

Green Hydrogen Hub

HyBalance’s PEM electrolysis Hydrogen plant

SeaH2Land

5.9 Promotion of Renewable Energy Act

5.10 Auctions

Denmark Renewable Energy Auction, 2019

Mixed auction

Cross-border auctions

Solar auctions

Auctions Update

5.11 Net-metering

5.12 Loan guarantee for construction of wind energy plants

6. Denmark Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Renewable Power Capacity and Generation, 2010–2035

7. Denmark Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. Denmark Power Market, Major Generating Companies

8.1 Orsted AS

Company Overview

Business Description

SWOT Overview

8.2 Vattenfall AB

Company Overview

Business Description

SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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List of Tables

List of Tables

Table 1: Power Market, Denmark, Macroeconomic Factors, 2010–2030

Table 2: Renewable Energy Auctions, Denmark, 2016-2019

Table 3: Renewable Energy Auctions, Denmark, 2019

Table 4: Denmark, Results of Renewable Auctions, 2018

Table 5: Net-metering Criteria for Different Renewable Technologies, Denmark

Table 6: Power Market, Denmark, Cumulative Capacity and Annual Generation, 2010–2035

Table 7: Power Market, Denmark, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 8: Thermal Power Market, Denmark, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Thermal Power Market, Denmark, Major Plants, 2021

Table 10: Renewable Power Market, Denmark, Cumulative Capacity (GW), 2010–2035

Table 11: Renewable Power Market, Denmark, Annual Generation (TWh), 2010–2035

Table 12: Renewable Power Market, Denmark, Major Plants, 2021

Table 13: Power Market, Denmark, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 14: Power Market, Denmark, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 15: Power Market, Denmark, Annual Electricity Import and Export (TWh), 2000–2020

Table 16: Power Market, Denmark, Upcoming Interconnection Projects

Table 17: Abbreviations

List of Figures

List of Figures

Figure 1: Power Market, Denmark, Share of technology in Annual Power Generation (%), 2021

Figure 2: Power Market, Denmark, Country Summary

Figure 3: Power Market, Denmark, Macroeconomic Factors, 2010–2030

Figure 4: Power Market, Denmark, Market Structure

Figure 5: Power Market, Denmark, Market Share of Generation Companies (%), 2021

Figure 6: Power Market, Denmark, Deal Value and Number of Deals, 2010–2021

Figure 7: Power Market, Denmark, Deals by Type (%), 2021

Figure 8: Power Market, Denmark, Annual Power Consumption, 2010–2035

Figure 9: Power Market, Denmark, Power Consumption by Sector (%), 2021

Figure 10: Power Market, Denmark, Cumulative Capacity Share by Technology (%), 2021

Figure 11: Power Market, Denmark, Cumulative Capacity and Annual Generation, 2010–2035

Figure 12: Power Market, Denmark, Capacity Share by Technology, 2010–2035

Figure 13: Power Market, Denmark, Annual Generation Share by Technology, 2010–2035

Figure 14: Thermal Power Market, Denmark, Cumulative Capacity and Annual Generation, 2010–2035

Figure 15: Renewable Power Market, Denmark, Cumulative Capacity, 2010–2035

Figure 16: Renewable Power Market, Denmark, Annual Generation, 2010–2035

Figure 17: Power Market, Denmark, Annual Electricity Import and Export, 2000–2020

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