Analyzing the Offshore Wind Power Market in EU

Research and Markets has announced the addition of the “Analyzing the Offshore Wind Power Market in EU” report to their offering.

In many parts of the world, wind energy has already grown to be a mainstream energy source. This growth has long been driven by concerns about global climate change, mainly in the developed world and especially in Europe.

The possibility of locating wind turbines in the sea bed has opened up a new frontier for wind power, especially in the countries of northern Europe, where the availability of relatively shallow coastal waters has combined with the need to find space for much larger projects than are possible on land.

The pioneer in offshore wind farming has been Denmark, which has installed the two largest wind parks in the sea – 160 MW at Horns Rev in the North Sea and 158 MW at Nysted in the Baltic. Two further large developments at the same sites are now progressing.

The UK has also taken on a leading role, with 214 MW already built in four locations, a further 1,000 MW+ with agreement to proceed across eight sites, and even larger individual projects (of up to 1,000 MW each) planned within three strategic offshore areas identified by the UK government.

A case study takes a look at the fast-growing offshore wind energy in China and also compares the offshore wind energy in the EU versus the United States. Economic value of an offshore grid in the European Union is also described here.

Leading offshore wind turbine manufacturers such as Siemens AG, Vestas, Nordex, Repower, BARD Engineering, and Multibrid/Areva are analyzed keeping in mind their role in the offshore wind sector.

[mappress]

Press release, March 05, 2013