Press Releases
Spain Expected to Lead European Wind Power Market Growth Over Next 5
Years
Wind Markets in Italy, France and Portugal Enter
Boom Phases
Cambridge, MA, 29 November 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.
MW Added by Country, 2004-2010 - Europe
Source: Emerging Energy Research
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.
Annual MW Added - Europe
Source: Emerging Energy Research
"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. For more information, please visit www.emerging-energy.com.
For more information, please contact Stephanie Aldock at +1 617 551 8480 or saldock@emerging-energy.com, or visit our website at www.emerging-energy.com.
# # #
|
