Wind Power Market in CEE and SEE Countries Review 2016
/18th April 2016, RENEWABLE MARKET WATCHTM/ According to CEE & SEE Countries Wind Power Market Outlook 2016 – 2025, the electric power sector in Europe and CEE & SEE countries particularly is currently facing different changes and evolution mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further development of wind energy market in this region. In fact, many of the CEE & SEE countries have already recorded a gradual upward trend in commercial deployment of wind power plants. Several countries from the region have cumulative installed wind power capacity of more than 1 GW.
The reliability of wind turbines and the efficiency of energy capture are both high, yet continue to improve with new designs, new components and new materials, which affects also wind market in CEE & SEE countries. Even non-technological aspects such as project management, better forecasts of wind energy production and better risks assessment are contributing to increasing the competitiveness of wind power and reducing its overall cost. The 2015 manufacturers market in CEE and SEE region continued to be dominated by Vestas, GE and Siemens.
"Several countries from the region have cumulative installed wind power capacity of more than 1 GW. The 2015 manufacturers market in CEE and SEE region continued to be dominated by Vestas, GE and Siemens."
One of the important reasons for the modest contribution of the wind farms on the CEE & SEE countries territory in the period 2000 – 2007 towards the total renewable energy production in the countries was the significantly large investment in the equipment necessary for their construction and the resulting substantially long payback period. Another reason was lack of feed-in tariffs and adequate RES legislation. Since the improvement of legislation in many countries wind power markets in CEE & SEE scored significant growth between 2008 and 2015, with growth projected to continue by 2025.
"Top 3 countries by installed wind capacity are Poland, Turkey and Romania"
Between 2010 and 2015, wind energy market of CEE and SEE countries became one of the fastest growing regions in Europe according to Renewable Market Watch. Cumulative installed wind power capacity in CEE and SEE region has reached almost 17 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 26 % from 2010 to 2015. Top 3 countries by installed wind capacity are Poland, Turkey and Romania. In its recently released report CEE and SEE countries Wind Power Market: Outlook 2016 – 2025 Renewable Market Watch reveals market performance between 2000 and 2015 and explains how current wind power capacity is expected to grow by 2025.
"Cumulative installed wind power capacity in CEE and SEE region has reached almost 17 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 26 % from 2010 to 2015"
In addition to relevant support framework, wind energy markets depend on resources, site approval, grid connection issues and the competitive environment. For the wind industry, these issues have been critical in defining both the market opportunity and its rules for participation. Economically viable supporting mechanisms, efficient and flexible permitting, combined with available grid capacity, are the key elements necessary to build stable wind power market in CEE and SEE countries.
Wind power capacity in CEE & SEE countries will exhibit further increase in the near future in respect of the planned and under construction projects. More information for the promising wind market in CEE and SEE countries you can read here:
CEE & SEE Countries Wind Power Market Outlook 2016 - 2025