From MAKE Consulting: Following a 7.7% market growth in 2014 compared to 2013, the European market is expected to expand by another 8.7% in 2015 in a policy-induced rush to build, which will lead to new record installation numbers. Regional growth will be largely driven by Germany and will be balanced by a slowdown in 2016, mainly due to regulatory changes in Poland combined with reduced 2016 grid connection activity in key offshore markets such as Germany, the UK, and the Netherlands
Key point include:
- Europe to surpass 2014 and set an annual record in 2015 before a decline in 2016, introducing a period of increased regulatory uncertainty
- Traditional markets rely on offshore for growth while developing markets expand onshore development
- Progress towards 2020 targets continues while subsidies decline and support is increasingly market-based
- EU ETS and LCOE reductions stay the foreseeable growth drivers through 2030
MAKE’s Europe Wind Power Outlook 2015 is a 120+ page report containing 140+ charts, tables and graphs providing in-depth analysis of the wind power markets in Europe. The report studies the key drivers and barriers for new wind power installations in Europe with a focus on specific national and subregional markets. The analysis focuses on macro conditions, regulatory frameworks as well as 10-year market outlooks and three forecast scenarios (bull, base, and bear) for each Tier I and II market. For those who are not subscribing to our research, a Free Product Overview for this publication is available.
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