Cambridge, MA (PRWEB) December 5, 2005 —
Spain is set to overtake Germany as Europe’s leading wind power market in 2005
and is expected to continue to lead Europe through the rest of the decade,
according to new market forecast data released by Emerging Energy Research
(EER), a Cambridge, MA-based research and advisory company. At the same time,
embryonic markets in Italy, Portugal, and France are entering unprecedented boom
phases.
Despite a temporary slowdown in 2005, Spain will see steady wind
power growth through the end of the decade as it follows through on plans to
reach 20,000 MW by 2010. Meanwhile, Germany continues to face market saturation,
resulting in a steady decrease in onshore MW additions from 2005 to 2010,
according to EER’s European Wind Energy Country Forecast Data, released in
November 2005.
‘European wind’s center of gravity is shifting from
Germany to Spain, carrying with it plans for new manufacturing facilities,
intense turbine supplier competition, and renewed opportunities for growth and
consolidation among developers,’ says Keith Hays, EER’s European Research
Director.
Overall, wind power growth in Europe is set to slow in
2005-2006, according to EER forecasts, as a result of permitting and grid
constraint issues. Europe will add 5,131 MW of wind power in 2005, reflecting an
11% reduction from 2004, but EER projects a 4% rise in wind power installations
from 2007-2010, averaging over 6,000 MW added per year. Total European wind
power capacity is expected to reach 39,618 MW by the end of 2005, up from 12,935
MW in 2000, and is projected to grow to 69,695 MW in 2010.
New wind power
markets enter boom phases
A group of smaller wind power markets are
entering major growth phases for the first time: Italy, France and Portugal are
all seeing MW added increases of over 80% in 2005. In 2005, France is expected
to install 250 MW of new wind power capacity, while Italy and Portugal are each
expected to add 450 MW by year end.
‘The boom in newer wind power markets
can be attributed to stable production incentives, and increasing investment in
larger portfolios by expanding European players, as countries aim to meet their
2010 MW installed targets,’ according Hays. ‘Many projects that are coming
online now have been in permitting for 3-4 years. In these cases, policy,
permitting, and investment have come together,’ says Hays.
UK Offshore
sets precedent for Sweden and Germany
Offshore wind power will account
for a growing portion of new capacity, representing over 20% of new wind
capacity added in Europe by 2010. Overall, European offshore wind power is
expected to grow from 689 MW in 2005 to 3,871 MW in 2010, according to EER
forecasts.
The UK was the only market to connect an offshore project in
2005, the 90 MW project at Kentish Flats. The UK has five more offshore projects
planned through 2008 but projects still lack permitting clarity and grid
connection. However, utility project acquisitions in Sweden indicate a revived
offshore market that will add 50-100 MW yearly by 2008-2009, according to EER.
Across the Baltic Sea, Germany is expected to install a pilot project by 2008,
and Ireland and the Netherlands will likely install individual
projects.
‘Sweden and Germany are looking towards the UK as a model for
offshore but even in the UK, offshore has not completely taken off. Round two
projects in the UK still face delays. Much of this delay has to do with
increasing turbine prices and supplier hesitation to manage the risk associated
with the complex execution of offshore projects,’ says Hays.
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Spain Expected to Lead
European Wind Power Market Growth Over Next 5 Years |
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Cambridge, MA (PRWEB) December 5, 2005 —
Spain is set to overtake Germany as Europe’s leading wind power market in 2005
and is expected to continue to lead Europe through the rest of the decade,
according to new market forecast data released by Emerging Energy Research
(EER), a Cambridge, MA-based research and advisory company. At the same time,
embryonic markets in Italy, Portugal, and France are entering unprecedented boom
phases.
Despite a temporary slowdown in 2005, Spain will see steady wind
power growth through the end of the decade as it follows through on plans to
reach 20,000 MW by 2010. Meanwhile, Germany continues to face market saturation,
resulting in a steady decrease in onshore MW additions from 2005 to 2010,
according to EER’s European Wind Energy Country Forecast Data, released in
November 2005.
‘European wind’s center of gravity is shifting from
Germany to Spain, carrying with it plans for new manufacturing facilities,
intense turbine supplier competition, and renewed opportunities for growth and
consolidation among developers,’ says Keith Hays, EER’s European Research
Director.
Overall, wind power growth in Europe is set to slow in
2005-2006, according to EER forecasts, as a result of permitting and grid
constraint issues. Europe will add 5,131 MW of wind power in 2005, reflecting an
11% reduction from 2004, but EER projects a 4% rise in wind power installations
from 2007-2010, averaging over 6,000 MW added per year. Total European wind
power capacity is expected to reach 39,618 MW by the end of 2005, up from 12,935
MW in 2000, and is projected to grow to 69,695 MW in 2010.
New wind power
markets enter boom phases
A group of smaller wind power markets are
entering major growth phases for the first time: Italy, France and Portugal are
all seeing MW added increases of over 80% in 2005. In 2005, France is expected
to install 250 MW of new wind power capacity, while Italy and Portugal are each
expected to add 450 MW by year end.
‘The boom in newer wind power markets
can be attributed to stable production incentives, and increasing investment in
larger portfolios by expanding European players, as countries aim to meet their
2010 MW installed targets,’ according Hays. ‘Many projects that are coming
online now have been in permitting for 3-4 years. In these cases, policy,
permitting, and investment have come together,’ says Hays.
UK Offshore
sets precedent for Sweden and Germany
Offshore wind power will account
for a growing portion of new capacity, representing over 20% of new wind
capacity added in Europe by 2010. Overall, European offshore wind power is
expected to grow from 689 MW in 2005 to 3,871 MW in 2010, according to EER
forecasts.
The UK was the only market to connect an offshore project in
2005, the 90 MW project at Kentish Flats. The UK has five more offshore projects
planned through 2008 but projects still lack permitting clarity and grid
connection. However, utility project acquisitions in Sweden indicate a revived
offshore market that will add 50-100 MW yearly by 2008-2009, according to EER.
Across the Baltic Sea, Germany is expected to install a pilot project by 2008,
and Ireland and the Netherlands will likely install individual
projects.
‘Sweden and Germany are looking towards the UK as a model for
offshore but even in the UK, offshore has not completely taken off. Round two
projects in the UK still face delays. Much of this delay has to do with
increasing turbine prices and supplier hesitation to manage the risk associated
with the complex execution of offshore projects,’ says Hays.
ABOUT THE
FORECASTS
EER tracks wind energy market forecasts for Europe, North
America and the Rest of the World as part of its Wind Energy Advisory services.
Forecasts are based on historic and projected data (2000-2010) for wind energy
markets at a country by country level, including offshore
ABOUT EMERGING
ENERGY RESEARCH
Emerging Energy Research (EER) is an independent research
and advisory company that provides pragmatic forward-thinking advice about new
energy technologies, markets and strategies. Additional media resources are
available at
www.emerging-energy.com/media-resources.html.
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