Q1 2012 Europe Wind Energy Market Update

Key trends in this Quarterly Update include:

• The commissioning of two offshore wind farms in Q1 and other activations expected later this year underline the increasing maturity of the European offshore wind market.
• Policy developments across the region through Q1 indicate that onshore wind support continues to be revised, and could be reduced in several markets.
• The European wind market picked up over the first three months of 2012 as order levels increased by over 30% compared to Q1 2011.
• Driven by expected market growth, a maturing project pipeline and increased investor confidence, the wave of offshore M&A continues in the region's key markets the UK and Germany.