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Analyzing the Offshore Wind Power Market in EU 2015

Analyzing the Offshore Wind Power Market in EU 2015

The offshore wind power industry in the European Union has been growing at a strong rate in recent years. In just the first six months of 2015 in fact, Europe grid connected over 550 commercial offshore wind turbines. The combined capacity of these offshore wind turbines totaled nearly 2,300 MW. Apart from this, there are now 15 commercial offshore wind farms that are under construction and once completed, these wind farms will take the total offshore capacity to over 4,250 MW.

Siemens, MHI Vestas, Adwen and Senvion SE were some of the biggest players in the EU offshore wind power market in the year 2015. Out of these, Siemens had the largest share of newly connected offshore wind capacity in Europe, followed by Adwen, MHI Vestas and then Senvion. A total of 584 offshore wind turbines were connected to the power grid in Europe in the first six months of 2015 itself. The trend being witnessed is that larger turbines are making their way to the water from the order books as the average size of the wind turbines installed was around 4.2 MW.

Aruvian Research presents an analysis on the offshore wind power industry in the European Union in its research report Analyzing the Offshore Wind Power Market in EU. The report begins with an introduction section to wind power looking at how the technology works and then moves on to discuss the growth drivers and challenges facing wind energy today.

An analysis of the global wind energy industry is carried out through a market profile, a look at the worldwide economic recession and its impact on the performance of the wind power market, market statistics, market analysis by regions, a look at global wind resources and the future of wind energy.

Following an introduction to offshore wind energy that looks at the basic offshore wind technology and economics of offshore wind energy, we look at the cost and benefits of offshore wind installations and the energy situation in European Union.

The offshore wind power market in European Union is analyzed through a market overview, market statistics, installed capacity of offshore wind in Europe, the market for offshore wind turbines, investment in offshore wind market, economic value of an offshore grid in Europe and a comparison with the offshore wind energy market in China.

Impacts on the EU offshore wind power industry such as market drivers and challenges facing the industry are analyzed, followed by a look at Kyoto Protocol Targets and the role of offshore wind power. The cost of offshore wind in the European Union is also analyzed.

Key markets in the EU that are actively developing offshore wind energy are analyzed. These include Belgium, Denmark, France, Germany, Ireland, Spain, Sweden and the United Kingdom.

A section is dedicated to analyze the major existing as well as upcoming offshore wind farms in the EU. We analyze over 40 wind farms in this section.

An industry outlook for offshore wind power in the European Union is also included in the report followed by an analysis of the major offshore wind turbine manufacturers active in the industry. Each manufacturer is analyzed through a corporate profile and their presence in the offshore wind sector.


A. Executive Summary
B. Introduction to Wind Power
B.1 A Clean Green Energy – Wind Power
B.1.1 What is Wind Power?
B.1.2 How does it Work?
B.2 Brief History of Wind Power
B.3 Electricity from Wind
B.4 How do Wind Turbines Work?
B.5 Wind Power Technology
B.6 Wind Power Markets
B.7 Accommodating the Variable Nature of Wind Power
B.8 Environmental Impact
C. Growth Drivers & Challenges for Wind Energy
C.1 Supply Security
C.2 Environmental Potential
C.2.1 Climate Change & Wind Power
C.2.2 Clean Development Mechanism
C.3 Wind Energy CDM Projects
C.4 Economic Feasibility
C.5 Employment & Development of Rural Areas
C.6 Renewable Quotas
C.7 Diversification of Portfolio
C.8 Technology
D. Global Wind Market
D.1 Market Profile
D.2 Worldwide Economic Recession & Performance of the Wind Power Market
D.3 Market Statistics
D.4 Market Analysis by Region
D.4.1 Africa & the Middle East
D.4.2 Asia
D.4.3 Europe
D.4.4 North America
D.4.5 South & Latin America
D.4.6 Pacific Region
D.5 World Wind Resources
D.6 Future of Wind Energy
E. Introduction to Offshore Wind Energy
E.1 Background of Offshore Wind Power
E.2 Basic Offshore Wind Technology
E.3 Analyzing Offshore Wind Energy Economics
E.4 Role of the Oil & Gas Industry in the Implementation of Offshore Wind Energy
E.5 Global Offshore Wind Market
E.6 Future of Offshore Wind Power Policy
F. Costs & Benefits of Offshore Wind Installation
G. Energy Situation in the EU
H. Analyzing Offshore Wind Power in the EU
H.1 Overview
H.2 Market Statistics
H.3 Installed Capacity of Offshore Wind in Europe
H.4 Market for Offshore Wind Turbines
H.5 Investment in Offshore Wind Market
H.6 Economic Value of an Offshore Grid in the EU
H.7 Case Study: Offshore Wind Energy in China Gaining Momentum
I. Impacts on the EU Offshore Wind Power Market
I.1 Market Drivers
I.1.1 Ensuring Energy Supply Security
I.1.2 Establishment of a Functioning Internal Electricity Market
I.1.3 Battling Climate Change
I.1.4 Development of Maritime Products
I.2 Challenges Facing Offshore Wind Power in the EU
I.2.1 Lack of Grid Integration
I.2.2 Lack of Proper R&D Initiatives
I.2.3 Environmental Considerations
I.2.4 Financing Issues
J. Kyoto Protocol Targets & Role of Offshore Wind Power
K. Cost of Offshore Wind in the EU
L. Country-wise Analysis of the EU Offshore Wind Energy Market
L.1 Belgium
L.2 Denmark
L.3 France
L.4 Germany
L.5 Ireland
L.6 Spain
L.7 Sweden
L.8 United Kingdom
M. Analyzing the Offshore Wind Farms in EU
M.1 Alpha Ventus Offshore Wind Farm
M.2 Amrumbank West
M.3 Anholt Offshore Wind Farm
M.4 Arklow Bank Wind Park
M.5 BARD Offshore 1
M.6 Barrow Offshore Wind Farm
M.7 Beatrice Wind Farm
M.8 Bligh Bank Offshore Wind Farm
M.9 Blyth Offshore Wind Farm
M.10 Borkum Riffgat Offshore Wind Farm
M.11 Burbo Bank Offshore Wind Farm
M.12 Dantysk Offshore Wind Farm
M.13 Egmond aan Zee (OWEZ)
M.14 EnBW Baltic 1 Offshore Wind Farm
M.15 Gemini Wind Farm
M.16 Gode Wind Farm
M.17 Greater Gabbard Wind Farm
M.18 Gunfleet Sands Offshore Wind Farm
M.19 Gwynt y Môr Offshore Wind Farm
M.20 Horns Rev 1 & 2
M.21 Horns Rev 3 Offshore Wind Farm
M.22 Innogy Nordsee 1 Offshore Wind Farm
M.23 Kentish Flats Offshore Wind Farm
M.24 Lillgrund Wind Farm
M.25 Lincs Offshore Wind Farm
M.26 London Array Offshore Wind Farm
M.27 Lynn and Inner Dowsing Wind Farm
M.28 Middelgrunden Offshore Wind Farm
M.29 Neart Na Gaoithe
M.30 Nordsee-Ost Offshore Wind Farm
M.31 North Hoyle Offshore Wind Farm
M.32 Nysted Offshore Wind Farm
M.33 Ormonde Wind Farm
M.34 Princess Amalia Wind Farm
M.35 Robin Rigg Wind Farm
M.36 Rhyl Flats
M.37 Scroby Sands Offshore Wind Farm
M.38 Sheringham Shoal Offshore Wind Farm
M.39 Thanet Wind Farm
M.40 Thorntonbank Wind Farm
M.41 Walney Wind Farm
M.42 West of Duddon Sands Wind Farm
M.43 Westermost Rough Wind Farm
N. Analyzing the Developing Supply Chain in the EU Offshore Wind Industry
N.1 Overview
N.2 Cost Driver: Turbine Supply for the Industry
N.3 Cost Driver: Availability of Substructures
O. Future Perspective: EU Offshore Wind Energy Market
P. Analyzing Offshore Wind Turbine Manufacturers
P.1 Siemens AG
P.1.1 Corporate Profile
P.1.2 Siemens and the Offshore Wind Sector
P.2 Vestas
P.2.1 Corporate Profile
P.2.2 Vestas and the Offshore Wind Sector
P.3 Nordex
P.3.1 Corporate Profile
P.3.2 Nordex and the Offshore Wind Sector
P.4 Senvion SE
P.4.1 Corporate Profile
P.4.2 Senvion SE and the Offshore Wind Sector
P.5 BARD Engineering
P.5.1 Corporate Profile
P.5.2 BARD Engineering and the Offshore Wind Sector
P.6 Areva SA
P.6.1 Corporate Profile
P.6.2 AREVA and the Offshore Wind Sector
Q. Appendix
R. Glossary of Terms
List of Figures
Figure 1: Top 10 Cumulative Capacity as of Dec 2014
Figure 2: Top 10 New Installed Capacity Jan-Dec 2014
Figure 3: Global Annual Installed Wind Capacity 1997-2014
Figure 4: Global Cumulative Installed Wind Capacity 1997-2014
Figure 5: Annual Installed Capacity by Region 2006-2014
Figure 6: Total Installed Wind Capacity 1997-2020 (MW)
Figure 7: Offshore Wind Farm Projects Developed up to 2000
Figure 8: Offshore Wind Farm Projects Developed up to 2011
Figure 9: Schematic of an Offshore Wind Facility
Figure 10: Primary Components and Dimensions of One of the 2-MW Turbines in Denmark’s Horns Rev Offshore Wind Park
Figure 11: Typical Cost Breakdown for an Offshore Wind Plant in Shallow Water
Figure 12: Typical Offshore Wind Turbine
Figure 13: Available Offshore Area (km2) for Wind Farms
Figure 14: Technical Potential for Offshore Wind Energy in 2030 by Countries
Figure 15: Annual Offshore Wind Capacity Installations in Europe in 2014 (in MW)
Figure 16: Share of Wind Turbine Manufacturers’ at end of 2014 (in MW)
Figure 17: European Offshore Wind Energy Market, Key Statistics, 2014
Figure 18: Offshore Locations with a Water Depth of less than 50 m and Mountainous Areas (above 600 m) in Europe
Figure 19: Installed Capacity of Offshore Wind in Europe (in MW), 2000-2015
Figure 20: Installation and Grid Connection of Offshore Wind Turbines in H1 2015
Figure 21: Share of Offshore Wind Developers in New Grid Connected Capacity in H1 2015 (in MW)
Figure 22: Share of Wind Turbine Manufacturers' of Grid Connected Capacity of Wind Power (in MW), in Europe, H1 2015
Figure 23: Share of Wind Turbine Manufacturers of Grid Connected Turbines in Europe (in Units & %), H1 2015
Figure 24: Offshore Wind Projects Reaching Final Investment Phase
Figure 25: Investments & Divestments in European Offshore Wind Power Industry (Capacity in MW), 2014-2015
Figure 26: Investment in Transmission Assets in the European Offshore Wind Market, 2011-H1 2015
Figure 27: Investments in Offshore Wind Farms, Million Euros/MW
Figure 28: Ireland's Offshore Wind Resource
Figure 29: Construction Work at Alpha Ventus Wind Farm
Figure 30: Anholt Offshore Wind Farm
Figure 31: Barrow Offshore Wind Turbines
Figure 32: Beatrice Wind Farm
Figure 33: Gunfleet Sands Offshore Wind Farm
Figure 34: Vestas V90 Wind Turbine at Kentish Flats
Figure 35: Lillgrund Wind Farm
Figure 36: Middelgrunden Wind Farm
Figure 37: Wind turbine at Ormonde Wind Farm
Figure 38: Robin Rigg Wind Farm
Figure 39: Domestic Production Capacity in Europe Compared to Demand (MW)
Figure 40: Hywind Concept
Figure 41: Blue H Concept
Figure 42: Outlook for Offshore Wind Development in the EU (Cumulative, GW)
Figure 43: General Layout for a Wind Turbine System
Figure 44: An Offshore Wind Farm
Figure 45: EWEA’s Three Wind Power Scenarios to 2030
Figure 46: Development of the Offshore Wind Industry in Terms of Water Depth (m) and Distance to Shore (km)
Figure 47: Harbors Suitable for Future Offshore Wind Developments
List of Tables
Table 1: Environmental Footprint of Wind
Table 2: Wind CDM Projects
Table 3: Global Installed Wind Power Capacity (MW) by Regions, 2013-2014
Table 4: Wind Farms and Turbines Connected to the Grid at end of 2014 in Europe
Table 5: Ongoing Work on Offshore Wind Farms in H1 2015
Table 6: Investment in Offshore Wind Farms in Europe in H1 2015
Table 7: CO2 Emission Reduction Targets of Several EU Member States by Comparison to 1990 Levels
Table 8: Investment Statistics on Recent Offshore Wind Farms
Table 9: Average Investment Costs per MW Related to Offshore Wind Farms in Horns Rev and Nysted
Table 10: Operating and Planned Offshore Wind Farms in Denmark
Table 11: Operating and Planned Offshore Wind Farms in Sweden
Table 12: Production Capacity of Baltic 1 (in GWh), 2012-2014
Table 13: Different Types of Substructures
Table 14: Offshore Wind Projects in the Pipeline in Europe
Table 15: EU Forecast for Deployment of Wind Energy
Table 16: EWEA Wind Power Scenarios to 2030
Table 17: Vessel Availability for European Offshore Wind Installation

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