DESCRIPTION

Despite the global recession and slow economic recovery, European wind power market showed a robust growth in 2009 with an annual addition of more than 10GW in installed capacity. Wind power accounted for almost 40% of all the electricity generated in Europe during the year with investments in the wind sector reaching €13 billion in 2009. Spain emerged as the largest market in 2009 with one-fourth of annual installations followed by Germany, Italy, France and UK. In terms of total installed capacity, Germany is still the market leader with installed capacity in excess of 25GW followed by Spain, Italy France and UK. The future prospects of the European wind power market are very encouraging and the region is expected to maintain its leadership position over the next 5-6 years. Synergyst believe that the total installed wind capacity in Europe will be 90GW by the end of 2010 and will reach 130GW by 2015 at CAGR of 9%. Europe will continue to host the largest wind energy capacity, with the total installed capacity reaching 127GW by 2015, followed by Asia with 100GW and North America with 94GW. Synergyst’s latest report “European Wind Power Markets – Trends and Outlook (2010-2015)” analyzes the potential of the wind power market in the Europe and presents trends and forecast for the overall as well as individual markets in the region.

Report Coverage and Highlights

-- Report presents an overview of the current and future energy markets in Europe and discusses some of the energy concerns that are faced by the region.

-- Report covers in detail the wind power sector in Europe, focusing on current installed capacity, trends in recent years and overall outlook of the industry over the next few years.

-- Factors affecting the wind power generation in Europe, including growth drivers, challenges and policy framework, are further discussed in the report.

-- A detailed costing of wind power generation in Europe is discussed to help analyze the areas of cost cutting and savings.

-- Report further provides information on potential of the offshore wind power generation in Europe, including current offshore installed capacity and its future prospects.

-- Market profiles are provided for the top 15 European wind power generating countries covering market trends, data on current and future installed capacities and a summary of R&D activities and recent developments in the country.

-- Detailed profiles of leading utilities and turbine manufacturers are discussed along with the summary of their operations in the region and their future plans.

-- Finally, the report provides the profiles and details of all the important wind farms in Europe (32 in total).

I. EXECUTIVE SUMMARY

II. EUROPEAN ENERGY MARKET
a. Overview of European Energy Market
b. Outlook for European Energy
c. Focus on Renewable Energy
d. Potential of Wind Energy

III. WIND POWER - BASIC TECHNOLOGY
a. Components of a Wind Turbine
b. Operating Principles of Wind Turbines
c. Types of Wind Turbines
d. Storage of Wind Energy
e. Pros and Cons of Wind Energy

IV. EUROPEAN WIND POWER MARKET
a. Background
b. Wind Installed Capacity in Europe (2009)
c. Major Trends in 2009
d. Market Forecast (till 2015)

V. GROWTH DRIVERS
a. Concerns over Climate Change and GHG Emissions
b. Fluctuations in Oil Prices
c. Policy Support for Renewables
d. Over Dependence on Russia for Energy
e. Technological Developments
f. Grid Integration
g. Economic Benefits

VI. CHALLENGES AND BARRIERS
a. Weak Economic Conditions
b. Supply Issues
c. Landscape and Land Use
d. Sound Emissions
e. Transmission Issues
f. Environmental Concerns
g. Danger to Birds and Animals

VII. POLICY AND REGULATORY FRAMEWORK
a. Legally Binding Targets for Renewable Energy
b. Specific Policy Mechanisms
c. Electricity Market Reform
d. International Action on Climate Change
e. European Wind Energy Technology Platform

VIII. COST ANALYSIS
a. Factors Affecting Costs
b. Cost of Generating Wind Power
i. Turbine Costs
ii. Installation Costs
iii. O&M Costs
iv. Avoided Conventional Energy Costs
v. R&D Costs
vi. External Costs and Subsidies
vii. Future Costs

IX. POTENTIAL OF OFFSHORE WIND POWER
a. Background
b. Current Status of Offshore Wind in Europe
c. Outlook and Prospects
d. Future Needs and Challenges

X. MAJOR WIND ENERGY MARKETS IN EUROPE
a. Denmark
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
b. Finland
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
c. France
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
d. Germany
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
e. Greece
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Forecast and Future Trends
f. Ireland
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
g. Italy
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
h. Netherlands
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
i. Norway
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Forecast and Future Trends
j. Poland
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
k. Portugal
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Forecast and Future Trends
l. Spain
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
m. Sweden
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends
n. Switzerland
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Forecast and Future Trends
o. United Kingdom
i. Current Installed Capacity
ii. Policy Framework
iii. R&D Trends
iv. Offshore Developments
v. Forecast and Future Trends

XI. PROFILES OF LEADING PLAYERS
a. Utilities
i. Centrica
ii. CEZ
iii. DONG Energy Renewables
iv. EDF Energies Nouvelles
v. EDP Renováveis
vi. ENEA
vii. Endesa
viii. Enel
ix. E.ON
x. ESB – The Electricity Supply Board
xi. Essent
xii. GdF-Suez
xiii. Iberdrola Renovables
xiv. Nuon
xv. Public Power Corporation (AEH)
xvi. RWE
xvii. Scottish and Southern Energy
xviii. Statkraft
xix. Union Fenosa
xx. Vattenfall
b. Wind Turbine Vendors
i. Acciona Energy
ii. Ecotecnia
iii. Enercon GmbH
iv. Gamesa Eólica S.A.
v. LM Glasfiber
vi. Nordex AG
vii. REpower Systems AG
viii. Siemens Wind Power A/S
ix. Vestas Wind Systems A/S

XII. PROFILES OF IMPORTANT WIND POWER PROJECTS
a. Alto Minho Wind Farm (Portugal)
b. BARD Offshore 1 wind farm (Germany)
c. Blyth Offshore Wind Turbines (UK)
d. Bologna Wind Farm Project (Italy)
e. Burbo Offshore Wind Farm (UK)
f. Cefn Croes Wind Project (UK)
g. CEZ Fântânele Wind Farm (Romania)
h. Cormainville Wind Farm (France)
i. Crystal Rig Wind Farm Expansion (UK)
j. Egmond aan Zee Offshore Wind Farm (Netherlands)
k. El Marquesado Wind Farm (Spain)
l. Havøygavlen Windmill Park (Norway)
m. Higueruela Wind Farm (Spain)
n. Horns Rev Offshore Wind Farm (Denmark)
o. Kemi Ajos Offshore Wind Farm (Finland)
p. Kilgarvan Wind Farm (Ireland)
q. Lewis Wind Farm (United Kingdom)
r. London Array Offshore Wind Farm (UK)
s. Lynn and Inner Dowsing Offshore Wind Farms (UK)
t. Maranchon Wind Farm (Spain)
u. Meentycat Wind Farm (Ireland)
v. Middelgrunden Offshore Wind Farm (Denmark)
w. Offshore Windfarm Lillgrund (Sweden)
x. Paderborn Wind Farm (Germany)
y. Princess Amalia Offshore Wind Farm (Netherlands)
z. Robin Rigg Wind Farm (UK)
aa. Rødsand II Wind Farm (Denmark)
bb. Samsø Offshore Wind Farm (Denmark)
cc. Scroby Sands Offshore Wind Farm (UK)
dd. Sheringham Shoal Offshore Wind Farm (United Kingdom)
ee. Thanet Offshore Wind Project (UK)
ff. Whitelee Wind Farm (UK)

XII. APPENDIX AND GLOSSARY

LIST OF FIGURES

Figure 1: European Energy Consumption (2001-2009)
Figure 2: European Energy Consumption by Fuel Type (2008-2009)
Figure 3: Energy Consumption, Carbon and Energy Intensity in Europe (Till 2030)
Figure 4: Diagram of a Wind Turbine
Figure 5: Horizontal Axis Wind Turbines
Figure 6: Vertical Axis Wind Turbines
Figure 7: European Union – Wind Power Installed Capacity (2001-2009)
Figure 8: European Union – Map of Wind Installed Capacity in MW (2009)
Figure 9: Top 10 European Countries by Total Installed Capacity (2009)
Figure 10: Top 10 European Countries by Annual Installed Capacity (2009)
Figure 11: Market Share by Wind Turbine Manufacturers (2009)
Figure 12: European Union – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 13: Forecast – Top 10 European Countries by Installed Capacity (2015)
Figure 14: Forecast – Market Share of Wind Turbine Manufacturers (2015)
Figure 15: Volatility in the Oil Prices (2007-2010)
Figure 16: Russian Gas Exports to Europe (2009)
Figure 17: Wind Energy Penetration Levels in Europe (2009)
Figure 18: Price Range of Modern Wind Turbines
Figure 19: Europe – Offshore Wind Power Installed Capacity (2005-2009)
Figure 20: Market Share of Offshore Installed Capacity by Country (2009)
Figure 21: Market Share of Offshore Installed Capacity by Manufacturer (2009)
Figure 22: Forecast – Offshore Wind Installed Capacity in Europe (2009-2015)
Figure 23: Denmark – Total Wind Power Installed Capacity (2001-2009)
Figure 24: Denmark – Map of Offshore Wind Farms with Capacity (2009)
Figure 25: Denmark – Offshore Wind Installed Capacity (2005-2009)
Figure 26: Denmark – Forecast of Wind Power Installed Capacity (2009-2015)
Figure 27: Finland – Total Wind Power Installed Capacity (2001-2009)
Figure 28: Finland – Map of Offshore Wind Farms with Capacity (2009)
Figure 29: Finland – Offshore Wind Installed Capacity (2005-2009)
Figure 30: Finland – Forecast of Wind Power Installed Capacity (2009-2015)
Figure 31: France – Total Wind Power Installed Capacity (2001-2009)
Figure 32: France – Map of Wind Installed Capacity by Region (2009)
Figure 33: France – Market Share of Turbine Manufacturers (2009)
Figure 34: France – Offshore Wind Installed Capacity (2005-2009)
Figure 35: France – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 36: Germany – Total Wind Power Installed Capacity (2001-2009)
Figure 37: Germany – Wind Power Installed Capacity by State (2009)
Figure 38: Germany – New Capacity Market Share of Manufacturers (2009)
Figure 39: Germany – Offshore Wind Installed Capacity (2005-2009)
Figure 40: Germany – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 41: Greece – Total Wind Power Installed Capacity (2001-2009)
Figure 42: Greece – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 43: Ireland – Wind Power Installed Capacity (2001-2009)
Figure 44: Ireland – Map of Wind Power Installed Capacity by County (2009)
Figure 45: Ireland – Market Penetration by Wind Turbine Manufacturers (2009)
Figure 46: Ireland – Market Penetration by Wind Farm Developers (2009)
Figure 47: Ireland – Offshore Wind Installed Capacity (2005-2009)
Figure 48: Ireland – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 49: Italy – Wind Power Installed Capacity (2001-2009)
Figure 50: Italy – Map of Wind Installed Capacity by Region (2009)
Figure 51: Italy – Market Share of Leading Wind Energy Producers (2009)
Figure 52: Italy – Market Share of Leading Turbine Manufacturers (2009)
Figure 53: Italy – Offshore Wind Installed Capacity (2005-2009)
Figure 54: Italy – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 55: Netherlands – Wind Power Installed Capacity (2001-2009)
Figure 56: Netherlands – Market Share of Turbine Manufacturers (2009)
Figure 57: Netherlands – Offshore Wind Installed Capacity (2005-2009)
Figure 58: Netherlands – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 59: Norway – Wind Power Installed Capacity (2001-2009)
Figure 60: Norway – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 61: Poland – Wind Power Installed Capacity (2001-2009)
Figure 62: Poland – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 63: Portugal – Wind Power Installed Capacity (2001-2009)
Figure 64: Portugal – Market Share of Turbine Manufacturers (2009)
Figure 65: Portugal – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 66: Spain – Wind Power Installed Capacity (2001-2009)
Figure 67: Spain – Map of Wind Power Installation (2009)
Figure 68: Spain – Market Share of Leading Wind Farm Owners (2009)
Figure 69: Spain – Offshore Wind Installed Capacity (2005-2009)
Figure 70: Spain – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 71: Sweden – Wind Power Installed Capacity (2001-2009)
Figure 72: Sweden – Market Share of Wind Turbine Manufacturers (2009)
Figure 73: Sweden – Offshore Wind Installed Capacity (2005-2009)
Figure 74: Sweden – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 75: Switzerland – Wind Power Installed Capacity (2001-2009)
Figure 76: Switzerland – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 77: United Kingdom – Wind Power Installed Capacity (2001-2009)
Figure 78: United Kingdom – Wind Power Installed Capacity by Region (2009)
Figure 79: United Kingdom – Offshore Wind Installed Capacity (2005-2009)
Figure 80: United Kingdom – Forecast for Wind Power Installed Capacity (2009-2015)
Figure 81: United Kingdom – Forecast for Onshore and Offshore Capacity (2009-2015)

LIST OF TABLES

Table 1: Incentives for Wind Power Production Incentive
Table 2: Cost Comparison of Various Fuels
Table 3: Denmark – Renewable Energy Projects (incl. Wind) for R&D (2005-2009)
Table 4: Poland – Wind Power Installation by Region (2009)
Table 5: Spain – Wind Power Installation by Region (2007-2009)
Table 6: Spain – Market Share and Installed Capacity of Top 10 Manufacturers (2009)
Table 7: Sweden – Wind Farms in Operation with Capacity over 15MW (2009)
Table 8: Sweden – Wind Farms in Under Construction (2010)
Table 9: Sweden – Wind Projects under the Market Introduction Program (2010)
Table 10: United Kingdom – Wind Projects of Commissioned in 2009
Table 11: United Kingdom – Offshore Wind Projects at the End of 2009
Table 12: Specifications of Blyth Offshore Wind Farm
Table 13: Specifications of Bologna Wind Farm
Table 14: Specifications of Burbo Offshore Wind Farm
Table 15: Specifications of Cefn Croes Wind Project
Table 16: Specifications of Crystal Rig Wind Farm
Table 17: Specifications of Egmond aan Zee Offshore Wind Farm
Table 18: Specifications of Horns Rev Offshore Wind Farm
Table 19: Specifications of Kilgarvan Wind Farm
Table 20: Specifications of London Array Offshore Wind Farm
Table 21: Specifications of Lynn and Inner Dowsing Offshore Wind Farms
Table 22: Specifications of Meentycat Wind Farm
Table 23: Specifications of Middelgrunden Offshore Wind Farm
Table 24: Specifications of Robin Rigg Wind Farm
Table 25: Specifications of Rødsand II Wind Farm
Table 26: Specifications of Scroby Sands Offshore Wind Farm
Table 27: Total Energy Consumptions in EU by Source Type (Till 2030)
Table 28: Wind Power Total Installed Capacity in Europe (2001-2009)
Table 29: Wind Energy CDM Projects (2010)