Abstract
While the shockwaves from the global financial crisis are drawing
industry focus, new opportunities in Europe' s wind energy
markets, are surfacing as players across the value chain reappraise their
short- and long-term strategies. IPPs and developers with weaker balance
sheets are struggling to realise their pipelines; utilities and large IPPs
with strong balance sheets (such as EDP, Iberdrola, and Endesa)
are taking advantage of tight money to advance their portfolio strategies
through acquisition.
A new study by Emerging Energy Research, Wind Power Development Strategies
in Europe, 2008-2020, analyzes trends in market growth, competitive shifts
across the value chain, and emerging investment opportunities in Europe' s wind
energy markets in light of the recent financial situation. The study includes
detailed forecasts of Europe' s wind market through 2020 which reflect
the likelihood that Europe will meet its renewables target, despite a market
slowdown over the next few years.
Now available, Wind Power Development Strategies in Europe, 2008-2020 is an
important resource for understanding - and planning for - the fast-approaching
changes in Europe' s Wind market. EER' s new study points to several significant
trends in Europe wind markets, including:
- Utilities will tighten their grip on Europe wind markets: Europe
utilities are increasing their wind power ownership with the five largest
utilities controlling more than 18% of total installed wind capacity.
- Industry consolidation will be accelerated by financial worries,
funding shortages: Small, independent power producers will struggle in the
face of increasing competition for sites, grid access, turbines, and capital;
M&A will prove to be a key growth strategy for bigger players with strong
balance sheets.
- The IPP model is now in flux as financial investors look to less risky
markets: IPPs such as Babcock & Brown have begun to sell off their Europe
wind assets and credit shortages may force players to partner with foreigners
seeking to enter stable markets.
- Utilities fan out in search of wind additions to their portfolios:
Less opportunity in consolidating markets is driving major players into
scaling markets (such as Poland, France, Italy) as well as growth markets
(including Eastern Europe, Norway, and Turkey)
Study Highlights:
- Strategy Profiles
- European utilities
- European wind IPPs and
- Developers
- Offshore wind IPPs
- European market share analysis and value chain positioning
- Wind Power Development Opportunities
- Opportunities in greenfield, scaling, and consolidating markets
- Market Forecasts through 2020
- Wind power capacity market forecasts by country (multiple scenarios)
- Trends and forecasts in wind farm size
- Offshore market potential
- Strategy Profiles of European Utilities
- Strategy focus based on market maturity
- Pipeline analysis
- Project portfolio evaluation
- Competitive Analysis of IPPs and Developers
- Strategy focus based on market maturity
- Pipeline analysis
- Project portfolio evaluation
- Wind Power Market Environment Rankings
- 30 wind markets across Europe are ranked by the following:
- Wind resources
- Regulatory mechanisms
- Site approval
- Grid connection
- Competition
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