Britain leads the development of Europe’s Offshore Wind Energy market

British projects will lead the offshore wind energy market for the next eight years. This conclusion is drawn by GL Garrad Hassan in the new edition of their “Offshore Wind Energy Market Report”. Development of offshore wind will be strong in further Northern European markets such as Germany, the Netherlands, Denmark, and Sweden.

The report identifies that key offshore development projects over the next few years will take place in seven countries: France, Ireland, Belgium, Norway, Spain, Italy and Poland. These markets are expected to become increasingly important up to 2020 and beyond. The “Offshore Wind Energy Market Report” is being presented this week at the RenewablesUK conference in Liverpool.

The new GL Garrad Hassan report shows that concerns over energy security, climate change and ambitious European renewable energy targets have led to an improved regulatory framework, and increased industry action in European markets. Despite activities in other regions, the European offshore wind market is likely to out-pace the rest of the world for some years to come, mainly because of improved support mechanisms in the main offshore markets identified.

The report investigates twelve key European markets to identify those with a predominant influence on the future of the offshore wind energy industry. Individual country analyses include predicted outputs, regulatory environments, legal frameworks, targets, incentives and political attitudes.

The offshore wind energy market report has been developed by GL Garrad Hassan’s policy professionals and provides detailed information on market status, drivers and barriers, as well as regulatory framework and industry outlook. In addition, it includes exclusive in-house wind resource maps which utilise GL Garrad Hassan’s real project experience.

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Source: gl-garradhassan, July 06, 2010;