Wind Power Development Strategies in Europe, 2007-2015

Table of Contents

Section 1. Executive Summary

• 1.1 Market Moves to New Growth, Scaling Markets
• 1.2 European Wind Growth Continues to Diversify Across Regions
• 1.3 Steady Consolidation of European Wind Power Market
• 1.4 Wind Players Adapt Strategies to Changing Market Environments
• 1.5 Outlook: Sustained Growth Amidst Market Structure Changes

Section 2. European Wind Power Market Environment

• 2.1 Global Policy Trends
  • The Kyoto Protocol and National Allocation Plans
  • The EU Commits to Longer Term RES Targets in Berlin Summit
  • Wind Key in Strategy to Achieve Kyoto Protocol Objectives
• 2.2 European Wind Power Market Environment Ranking
  • 2.2.1 Ranking Criteria Definition
  • 2.2.2 Ranking Results
    • Tier 1: Driving European Wind Growth, 7 GW a year
    • Tier 2: Scaling Markets Provide Longer Term Growth Prospects
    • Tier 3: Slowly Stepping Up to Unlock Wind Potential
    • Tier 4: Nascent Markets Challenged to Tap Wind Opportunities

Section 3. European Wind Power Market Forecasts

• 3.1 Wind Power Capacity Market Forecasts
  • 3.1.1 Wind Power Capacity Forecasts by Country-Consolidating Markets
  • 3.1.2 Wind Power Capacity Forecasts by Country-Scaling Markets
  • 3.1.3 Wind Power Capacity Forecasts by Country-Growth Markets
• 3.2 Wind Power Capacity Forecast Scenarios Europe
  • 3.2.1 Base Case Scenario
  • 3.2.2 High-Growth Scenario
  • 3.2.3 Low-Growth Scenario
• 3.3 Trends and Forecasts in Wind Plant Size
• 3.4 European Offshore Wind Power, 2007-2015
• 3.5 Wind Power Penetration Regional Forecasts 2006-2015

Section 4. European Wind Power Development Opportunities

• 4.1 European Wind Power Market Maturity
• 4.2 Greenfield Development Opportunities
  • 4.2.1 Norway
  • 4.2.2 Turkey
  • 4.2.3 Poland
  • 4.2.4 Croatia
  • 4.2.5 Hungary
  • 4.2.6 Estonia
  • 4.2.7 Czech Republic
  • 4.2.8 Bulgaria
  • 4.2.9 Romania
  • 4.2.10 Finland
  • 4.2.11 Other Greenfield Opportunities
• 4.3 Scaling Market Opportunities
  • 4.3.1 UK
  • 4.3.2 France
  • 4.3.3 Italy
  • 4.3.4 Portugal
  • 4.3.5 Sweden
  • 4.3.6 Greece
• 4.4 Consolidation Opportunities
• 4.5 European Offshore Wind Power Nears Take-Off
  • 4.5.1 UK Offshore
  • 4.5.2 Germany
  • 4.5.3 Denmark
  • 4.5.4 Sweden
  • 4.5.5 Other Offshore Markets

Section 5. European Wind Power Development Strategies

• 5.1 Wind Power Development Activity and Project Pipeline
  • 5.1.1 European Wind Plant Ownership Trends
  • 5.1.2 European Wind Plant Ownership Rankings
    • Southern European Portfolios Lead Ranking
    • Northern Europeans Waiting for Offshore Take Off Select IPPs Gaining Scale
  • 5.1.3 European Wind Development Experience Rankings
    • Utility, IPP Vertical Integration Reduces Develop-and-Sell Opportunity
  • 5.1.4 European Wind Pipeline Analysis
• 5.2 Utility Generation Strategies and Wind
  • 5.2.1 Utility Strategy Comparison
    • Mega Mergers Condition Wind Strategies Iberdrola, DONG Lead Green Utilities in Scale, Offshore
    • Mega Utilities Increasingly Receptive to Wind
    • Regional Utilities Adopting Bolder Pan-Regional Wind Expansion Strategies
    • Domestic Players Continue to Seek Local Opportunities
  • 5.2.2 Utility Wind Portfolios and Pipelines by Market Type
    • Green Utilities Bulk up in Scaling Markets, Drive into Growth Regions
    • Adopter Utilities Capturing Scaling Market Growth
    • Consolidating Markets Offer Mixed Utility Wind Opportunities
• 5.3 Independent Wind Players by Type
  • 5.3.1 Wind IPP and Developer Strategy Comparison
  • 5.3.2 IPP Wind Portfolios and Pipelines
    • Southern IPPs Aim to Catch Wave of Consolidation in Spain, While Germany Offers an IPP Entry Point
    • Returns-Focused IPPs Concentrate on Lower Risk, Scaling Markets
• 5.4 Developers Strategy Comparison
  • 5.4.1 Leading Developer Portfolios and Pipelines
  • 5.4.2 Developers Adjust Strategies to Changing Environment
    • Growth Markets Encourage Developer Land Grab
    • Scaling Market Developers Supply European Leaders
    • Developers Maximize Portfolio Value in Consolidating Markets
• 5.5 Offshore Wind Development Activity
  • Greenfield Developers Initiate Projects
  • Utilities Positioned to Own Offshore Market
  • Select Large-Scale IPPs Set for Offshore Participation

Section 6. Wind Power Utility, IPP, and Developer Strategy Profiles

• 6.1 Utility Profiles
  • 6.1.1 Centrica
  • 6.1.2 DONG Energy Renewables
  • 6.1.3 EDF Energies Nouvelles
  • 6.1.4 Edison
  • 6.1.5 EDP
  • 6.1.6 Electrabel
  • 6.1.7 Endesa
  • 6.1.8 Enel
  • 6.1.9 E.ON
  • 6.1.10 Essent
  • 6.1.11 Iberdrola/Scottish Power
  • 6.1.12 ScottishPower
  • 6.1.13 Nuon
  • 6.1.14 RWE
  • 6.1.15 Scottish and Southern Energy
  • 6.1.16 Statkraft
  • 6.1.17 Vattenfall
• 6.2 IPP Strategy Profiles
  • 6.2.1 Acciona Energia
  • 6.2.2 Aitricity
  • 6.2.3 Babcock & Brown Wind Partners
  • 6.2.4 Enerfin-Enervento, Grupo Elecnor
  • 6.2.5 Eurus Energy
  • 6.2.6 Falck Renewables
  • 6.2.7 Gas Natural
  • 6.2.8 Molinos del Ebro
  • 6.2.9 Renewable Energy Systems
  • 6.2.10 Shell WindEnergy
  • 6.2.11 Trinergy
• 6.3 New IPP Entrants
  • 6.3.1 Allianz
  • 6.3.2 Allco
  • 6.3.3 AES
  • 6.3.4 International Power
  • 6.3.5 ERG Group
• 6.4 Developers
  • 6.4.1 AMEC
  • 6.4.2 EnergieKontor
  • 6.4.3 Espace Eolien Developpement
  • 6.4.4 Gamesa Energia
  • 6.4.5 Germania Windpark
  • 6.4.6 Juwi
  • 6.4.7 Ostwind
  • 6.4.8 Prokon Nord/Enertag
  • 6.4.9 Wind Prospect
  • 6.4.10 WindStrom
  • 6.4.11 WKN
  • 6.4.12 WPD

LIST OF EXHIBITS

Section 1. Executive Summary

• 1-1: European Onshore Wind Power Market Maturity Curve
• 1-2: Wind Power Development Activity Shifts
• 1-3: Base Case Annual Wind Power Capacity Growth By Country, 2006-2015
• 1-4: European Offshore vs. Onshore Wind Capacity
• 1-5: High-Growth Scenario Annual Wind Power Capacity Growth, 2006-2015
• 1-6: Low-Growth Scenario Annual Wind Power Capacity Growth, 2006-2015
• 1-7: Europe Wind Farm Ownership Evolution
• 1-8: Top 20 European Wind Players, MW Owned
• 1-9: Total Pipeline, 2007-2010
• 1-10: Wind Opportunities for Wind Players by Market Maturity Stage
• 1-11: Utility Wind Strategy Positioning
• 1-12: Top IPP Strategy Positioning
• 1-13: Developer Strategies by Market Type

Section 2. European Wind Power Market Environment

• 2-1: Wind Energy and RES Targets
• 2-2: Wind Power Market Evaluation Components
• 2-3: European Market Attractiveness: Ranking Overview

Section 3. European Wind Power Market Forecasts

• 3-1: Wind Power Capacity in Service, 2006-2015
• 3-2: European Wind Power Markets Summary, Annual Installations, (MW)
• 3-3: Onshore and Offshore Wind Power Capacity in Service, 2006-2015 (MW)
• 3-4: Wind Power Market Maturity in European Countries
• 3-5: Wind Power Capacity Net Additions Market Share by Country, 2006-2015
• 3-6: Wind Power Capacity Net Additions by Country, 2006-2015 (MW)
• 3-7: Consolidating Markets Net Additions by Country, 2006-2015
• 3-8: Wind Power Capacity Total by Country, 2006-2015 (MW)
• 3-9: Scaling Markets Net Additions by Country, 2005-2015
• 3-10: Wind Power Capacity Total by Country, 2005-2010 (MW)
• 3-11: Growth Markets Net Additions by Country, 2006-2015
• 3-12: Wind Power Capacity Total by Country, 2005-2015 (MW)
• 3-13: Europe MW Added Growth Scenario Comparison, 2007-2015
• 3-14: Europe Total Base Case Scenario Forecasts, 2007-2015 (MW)
• 3-15: Europe Total High-Growth Scenario Forecasts, 2007-2015 (MW)
• 3-16: Europe Total Low-Growth Scenario Forecasts, 2007-2015 (MW)
• 3-17: Net European Wind Projects by Size, 2006
• 3-18: European Wind Projects by Size, 2001-2006
• 3-19: European Wind Projects by Size, 2006-2015
• 3-20: European Wind Power Projects by Size, 2006-2015 (MW)
• 3-21: European Offshore versus Onshore Capacity, 2005-2015
• 3-22: European Offshore Wind Capacity Added, 2005-2015
• 3-23: European Wind Power as Share of Total Generation Installed Base, 2005-2015
• 3-24: European Wind Power Proportion of Total Generation Installed Base, 2005-2015

Section 4. European Wind Power Development Opportunities

• 4-1: Wind Power Onshore Market Maturity
• 4-2: Development Activity Market Penetration
• 4-3: Norway Operational Project List
• 4-4: Norway Select Project Pipeline
• 4-5: Turkey Operational Project List
• 4-6: Turkey Select Project Pipeline
• 4-7: Poland Operational Project List
• 4-8: Poland Select Project Pipeline
• 4-9: Croatia Operational Project List
• 4-10: Croatia Select Project Pipeline
• 4-11: Hungary Operational Project List
• 4-12: Hungary Select Project Pipeline
• 4-13: Estonia Operational Project List
• 4-14: Estonia Select Project Pipeline
• 4-15: Czech Republic Operational Project List
• 4-16: Czech Republic Select Project Pipeline
• 4-17: Bulgaria Operational Project List
• 4-18: Bulgaria Select Project Pipeline
• 4-19: Romania Operational Project List
• 4-20: Romania Select Project Pipeline
• 4-21: Finland Operational Project List
• 4-22: Finland Select Project Pipeline
• 4-23: Select Operational Project List
• 4-24: Select Project Pipeline List
• 4-25: UK Select Project Pipeline
• 4-26: France Select Project Pipeline
• 4-27: Italy Select Project Pipeline
• 4-28: Portugal Select Project Pipeline
• 4-29: Sweden Select Project Pipeline
• 4-30: Greece Select Project Pipeline
• 4-31: Consolidating Activity in Europe' s Mature Markets
• 4-32: Key Recent Wind Deals in Spain and Germany
• 4-33: Offshore Market Growth and Maturity
• 4-34: UK Offshore Operational Project List
• 4-35: UK Offshore Project Pipeline
• 4-36: Germany Offshore Operational Project List
• 4-37: Germany Offshore Project Pipeline
• 4-38: Denmark Offshore Operational Project List
• 4-39: Denmark Offshore Project Pipeline
• 4-40: Sweden Offshore Operational Project List
• 4-41: Sweden Offshore Project Pipeline
• 4-42: Offshore Operational Project List

Section 5. European Wind Power Development Strategies

• 5-1: Wind Opportunities for Wind Players by Market Maturity Stage
• 5-2: European Ownership Shifts to Utilities, IPPS
• 5-3: European Utility, IPP Market Ownership Split Overview, 2006
• 5-4: Wind Plant Ownership Rankings
• 5-5: Developer Experience Comparison
• 5-6: Total Pipeline, 2007-2010
• 5-7: Utility Strategy Groupings Matrix
• 5-8: Comparison MW Installed Split by Market Type, YE 2006
• 5-9: Comparison Pipeline by Market Type
• 5-10: Wind IPP and Developer Value Chain Positioning
• 5-11: Top Developer Strategy Positioning
• 5-12: Comparison MW Installed Split by Market Type, YE 2006
• 5-13: Comparison Pipeline by Market Type
• 5-14: Comparison Development Experience and Pipeline Split by Market Type, YE 2006
• 5-15: Developer Model Focus by Market Type
• 5-16: Local Developer Pipelines in Key Growth Markets
• 5-17: Key Scaling Market Developer Pipelines
• 5-18: Consolidating Market Activity in 2006
• 5-19: Offshore Pipelines by Type of Player
• 5-20: Utility/IPP Offshore Positions

Section 6. Wind Power Utility, IPP, and Developer Strategy Profiles

• 6-1: Centrica Wind Farms, YE 2006
• 6-2: Centrica Offshore Pipeline
• 6-3: DONG Energy Renewables Installed Base by Wind Turbine Supplier
• 6-4: DONG Energy Renewables Wind Farms, YE 2006
• 6-5: DONG Energy Renewables Pipeline, YE 2006
• 6-6: EDF-EN Installed Base by WT Supplier
• 6-7: EDF-EN Wind Farms, YE 2006
• 6-8: EDF-EN Project Pipeline, YE 2006
• 6-9: Edison Installed Base by Wind Turbine Supplier
• 6-10: Edison Wind Farms, YE 2006
• 6-11: Edison Project Pipeline, YE 2006
• 6-12: EDP Installed Base by Wind Turbine Supplier
• 6-13: EPD Wind Farms, YE 2006
• 6-14: EDP Project Pipeline
• 6-15: Electrabel Installed Base by Wind Turbine Supplier
• 6-16: Electrabel Wind Farms, YE 2006
• 6-17: Electrabel Project Pipeline
• 6-18: Endesa Wind Farms, YE 2006
• 6-19: Endesa Project Pipeline
• 6-20: Vendor Share of ENEL MW Installed
• 6-21: ENEL Wind Farms, YE 2006
• 6-22: ENEL Project Pipeline
• 6-23: Vendor Share of E.ON MW Installed
• 6-24: E.ON Wind Farms, YE 2006
• 6-25: E.ON Project Pipeline
• 6-26: Vendor Share of Essent MW Installed
• 6-27: Essent Wind Farms, YE 2006
• 6-28: Essent Project Pipeline
• 6-29: Iberdrola Wind Farms, YE 2006
• 6-30: Iberdrola Project Pipelines
• 6-31: ScottishPower Turbine Market Share
• 6-32: ScottishPower Wind Farms, YE 2006
• 6-33: ScoittshPower Project Pipeline
• 6-34: Nuon Wind Farms YE 2006
• 6-35: Nuon Project Pipeline
• 6-36: RWE Turbine Market Share
• 6-37: RWE Wind Farms, YE 2006
• 6-38: RWE Project Pipeline
• 6-39: Scottish and Southern Turbine Market Share
• 6-40: Scottish and Southern Energy Wind Farms, YE 2006
• 6-41: Scottish and Southern Project Pipeline
• 6-42: Statkraft Wind Farms, YE 2006
• 6-43: Supplier Share of Vattenfall Installed Base
• 6-44: Vattenfall Wind Farms, YE 2006
• 6-45: Vattenfall Project Pipeline
• 6-46: Acciona Energia European Footprint
• 6-47: Acciona Energia Installed Base by Wind Turbine Supplier
• 6-48: Acciona Energia Wind Farm Development Experience
• 6-49: Acciona Energia Pipeline
• 6-50: Airtricity Wind Turbine Vendors Market Share
• 6-51: Airtricity Wind Farm Development
• 6-52: Airtricity Pipeline
• 6-53: Babcock & Brown/BBWP Wind Turbine Vendors Market Share
• 6-54: Babcock & Brown Wind Farm Portfolio
• 6-55: Babcock & Brown Pipeline
• 6-56: Enerfin Wind Farm Development Experience
• 6-57: Enerfin Pipeline
• 6-58: Eurus Turbine Market Share
• 6-59: Eurus Energy Europe Wind Farm Development
• 6-60: Eurus Pipeline
• 6-61: Falck Renewables Wind Farm Development
• 6-62: Falck Renewables Pipeline
• 6-63: Gas Natural (DERSA) Installed Base by Vendor
• 6-64: Gas Natural Wind Farm Development
• 6-65: Gas Natural Pipeline
• 6-66: Molinos del Ebro Installed Base by Vendor
• 6-67: Molinos del Ebro wind Farm Development
• 6-68: RES Europe Wind Farm Development
• 6-69: RES Europe Pipeline
• 6-70: Shell WindEnergy Europe Wind Farm
• 6-71: Shell WindEnergy Pipeline
• 6-72: Trinergy Wind Farms
• 6-73: Trinergy Pipeline
• 6-74: New Entrant Acquisitions Overview
• 6-75: AMEC Wind Energy Development Experience
• 6-76: AMEC Wind Energy Pipeline
• 6-77: EnergieKontor Installed Base by Vendor
• 6-78: EnergieKontor Wind Farm Development Experience
• 6-79: EnergieKontor Pipeline
• 6-80: EED Wind Turbine Vendors Market Share
• 6-81: EED Wind Farm Development Experience
• 6-82: EED Pipeline
• 6-83: Gamesa Energia Installed Base by Turbine Model
• 6-84: Gamesa Energia Wind Farm Development
• 6-85: Gamesa Energia Pipeline
• 6-86: Germania Windpark Installed Base by Vendor
• 6-87: Germania Windpark Development Experience
• 6-88: Germinia Windpark Pipeline
• 6-89: Juwi Wind Farm Development Experience
• 6-90: Juwi Pipeline
• 6-91: Ostwind Wind Turbine Vendors Market Share
• 6-92: Ostwind Wind Farm Development Experience
• 6-93: Ostwind Pipeline
• 6-94: Prokon Nord Wind Turbine Vendors Market Share
• 6-95: Prokon Nord/Enertag Wind Farm Development Experience
• 6-96: Projkon Nord/Enertrag Pipeline
• 6-97: Wind Prospect Installed Base by Vendor
• 6-98: Wind Prospect Development Experience
• 6-99: Wind Prospect Pipeline
• 6-100: WindStrom Wind Turbine Vendors Market Share
• 6-101: WindStrom Wind Farm Development
• 6-102: Windstrom Pipeline
• 6-103: WKN AG Wind Farm Development Experience
• 6-104: WPD GmbH Wind Turbine Vendors Market Share
• 6-105: WPD GmbH Wind Farm Development Experience
• 6-106: WPD GmbH Pipeline