DESCRIPTION

In 2008, Europe accounted for one third of the world’s new installed capacity while the overall European market continues its steady growth and wind power became the fastest growing power generation technology in Europe. Over last few years, there has been a diversification of the European wind market, relying lesser on the traditional wind markets of Germany, Spain and Denmark and a growth in expansion in countries like Italy, France and the United Kingdom. Ten of the EU’s 27 member states now have more than 1GW of wind power capacity. Despite the near term slowdown, the long term prospects of wind power remains bright with the major economies getting serious about cutting carbon emissions. It is estimated that total wind installed capacity across the world will grow at a CAGR of 19.75% between 2008 and 2015 to 425GW by 2015. The European wind installed capacity will add almost 63GW of new capacity and will grow at a CAGR of 10.14% between 2008 and 2015.

The report – Trends in European Wind Power Markets (2009) – analyzes trends and recent developments in the European wind energy markets. The report presents a brief overview of the global wind energy market with data on global wind energy deployment, current installed capacity and outlook for the industry. Report then discusses in detail the overall European market from current wind installations to policies detail to R&D trends and future potential of the market. Report also discusses various factors that are affecting the wind power market, from growth drivers to market barriers. Cost and pricing related trends are also presented to give current and future generation costs. Finally, the report investigates developments and trends in top 10 countries across the European Union (based on installed capacity in 2008). For each of these countries, report covers current installation trends, government policy and support and future projections for the wind capacities.

I. EXECUTIVE SUMMARY

II. EUROPEAN WIND ENERGY MARKET
a. Global Wind Energy Market Trends
b. European Wind Energy Market
c. Policy Framework
d. Research and Development Trends
e. Future Potential

III. MARKET DRIVERS AND CHALLENGES
a. Growth Drivers
i. Security of Energy Supply
ii. Growing Concerns over GHG Emissions and Pollution
iii. Volatile Fuel Prices
iv. Technological Developments
v. Government Support
vi. Economic Benefits
b. Challenges and Barriers
i. Supply Issues
ii. Landscape and Land Use
iii. Sound Emissions
iv. Transmission Issues
v. Environmental Concerns
vii. Danger to Birds and Animals

IV. COST AND PRICING TRENDS
a. Turbine Costs
b. Installation Costs
c. O&M Costs
d. Avoided Conventional Energy Costs
e. R&D Costs
f. Pricing Trends
g. Other Trends

V. TRENDS IN TOP 10 EUROPEAN MARKETS
a. Germany
b. Spain
c. Italy
d. France
e. United Kingdom
f. Denmark
g. Portugal
h. Netherlands
i. Ireland
j. Sweden

VI. APPENDIX AND GLOSSARY

LIST OF FIGURES

Figure 1: World – Wind Power Cumulative Installed Capacity (2001-2008)
Figure 2: Top 10 Countries by Total Installed Capacity (2008)
Figure 3: World – Forecast for Wind Power Installed Capacity (2008-2015)
Figure 4: World – Forecasted Distribution of Wind Installed Capacity by Region (2015)
Figure 5: European Union – Wind Power Installed Capacity (2001-2008)
Figure 6: European Union – Map of Wind Installed Capacity in MW (2008)
Figure 7: European Union – Forecast for Wind Power Installed Capacity (2008-2015)
Figure 8: Price Range of Modern Wind Turbines
Figure 9: Germany – Total Wind Power Installed Capacity (2001-2008)
Figure 10: Germany – Wind Power Installed Capacity by State (2008)
Figure 11: Germany – New Capacity Market Share of Manufacturers (2008)
Figure 12: Spain – Wind Power Installed Capacity (2001-2008)
Figure 13: Spain – Map of Wind Power Installation (2009)
Figure 14: Spain – Market Share of Leading Wind Farm Owners (2008)
Figure 15: Italy – Wind Power Installed Capacity (2001-2008)
Figure 16: Italy – Map of Wind Installed Capacity by Region (2008)
Figure 17: Italy – Market Share of Leading Wind Energy Producers (2008)
Figure 18: Italy – Market Share of Leading Turbine Manufacturers (2008)
Figure 19: France – Total Wind Power Installed Capacity (2001-2008)
Figure 20: France – Map of Wind Installed Capacity by Region (2008)
Figure 21: France – Market Share of Turbine Manufacturers (2008)
Figure 22: United Kingdom – Wind Power Installed Capacity (2001-2008)
Figure 23: United Kingdom – Wind Power Installed Capacity by Region (2008)
Figure 24: Denmark – Total Wind Power Installed Capacity (2001-2008)
Figure 25: Denmark – Map of Offshore Wind Farms with Capacity (2008)
Figure 26: Portugal – Wind Power Installed Capacity (2001-2008)
Figure 27: Portugal – Market Share of Turbine Manufacturers (2008)
Figure 28: Netherlands – Wind Power Installed Capacity (2001-2008)
Figure 29: Netherlands – Market Share of Turbine Manufacturers (2008)
Figure 30: Ireland – Wind Power Installed Capacity (2001-2008)
Figure 31: Ireland – Map of Wind Power Installed Capacity by County (2009)
Figure 32: Ireland – Market Penetration by Wind Turbine Manufacturers (2009)
Figure 33: Ireland – Market Penetration by Wind Farm Developers (2009)
Figure 34: Sweden – Wind Power Installed Capacity (2001-2008)
Figure 35: Sweden – Market Share of Wind Turbine Manufacturers (2008)

LIST OF TABLES

Table 1: Spain – Wind Power Installation by Region (2007-2008)
Table 2: Spain – Market Share and Installed Capacity of Top 10 Manufacturers (2008)
Table 3: United Kingdom – Wind Projects of Commissioned in 2008
Table 4: United Kingdom – Offshore Wind Projects at the End of 2008
Table 5: Sweden – Wind Farms in Operation with Capacity over 15MW (2009)
Table 6: Sweden – Wind Farms in Under Construction (2009)
Table 7: Sweden – Wind Projects under the Market Introduction Program (2009)
Table 8: Wind Power Total Installed Capacity in Selected Countries (2000-2008)
Table 9: Wind Energy CDM Projects (As on February 1, 2009)