This market report offers an incisive and reliable overview of the wind energy sector of Central East and South-East Europe for the period 2023 ÷ 2032...
Update: March 2023; NOTE: We have a new version of this report for the 2024 - 2033 period. Please review it here: https://renewablemarketwatch.com/country-reports/europe/cee-see
Format: 1 file(s) (PDF report) in English language and 1 MS Excel file(s) with data for charts and tables
Author: Renewable Market WatchTM
Pages: 342
Report production №: RMWIN34920202262
Delivery: 24 - 48 hours by e-mail
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This market report offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries (including Turkey and Ukraine) for the next long-term period, 2023 ÷ 2032. Newly installed wind capacity in this region will exceed XXX GW in the next 5 years. The number of fully permitted and ready-to-build projects is promptly increasing. The small wind market segment for turbines below 500 KW in many countries is not developed and is forecasted to score significant growth shortly.
The report provides a complete picture of the market situation, dynamics, risks, current issues and prospects. You will find more than 180 pages of valuable information in this unique, in-depth analysis of Central East Europe (CEE) and South East Europe (SEE) countries wind power market will receive an overview of how the COVID-19 (Coronavirus) recovery and recent intention of the EU Commission to reduce by two-thirds this year gas import from Russia will impact it. With comprehensive market data, this report brings clear and concise insights to help investors, manufacturers and service providers in their decision-making process. As 2020 and 2021 were challenging years for the wind industry, the time for making the right decisions during 2023 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized book content. Reasons to buy this market report are, but are not limited to:
- Wind resource potential in Central East Europe (CEE) and South East Europe (SEE) countries
- Historical market data provided from 2012 to 2022 and forecasts until 2032
- Overview of Central East Europe (CEE) and South East Europe (SEE) wind energy market development 2012 ÷ 2032 by countries
- Development scenario of Central East Europe (CEE) and South East Europe (SEE) countries wind power sector until 2032
- Major active and upcoming wind power plants in Central East Europe (CEE) and South East Europe (SEE) countries
- Attractiveness indices for wind energy investments in Central East Europe (CEE) and South East Europe (SEE) countries
- SWOT Analysis (detailed in 5 pages)
- Overview of Central East Europe (CEE) and South East Europe (SEE) legal and regulatory framework for RES generation by countries
- Competitive Landscape, Project developers and Investors in Central East Europe (CEE) and South East Europe (SEE) countries
- EPC & O&M providers, Equipment manufacturers and Consultants in Central East Europe (CEE) and South East Europe (SEE) countries
- Key organizations and stakeholders affecting the development of the wind sector by countries
- A comprehensive review of innovative grid development in Central East Europe (CEE) and South East Europe (SEE) countries
- Investment Potential and Opportunities
On the next pages, you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions, please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
TABLE OF CONTENTS
1. METHODOLOGY 9
1.1. Methodology 9
1.2. Forecast Software and Methodology 11
1.2.1. Purpose 11
1.2.2. Description 11
1.2.3. Input data 12
1.2.4. Output data 12
1.3. Limitations 13
2. EXECUTIVE SUMMARY 14
2.1. Primary Wind Resource Availability 14
2.2. Renewable Energy Sources (RES) Policies and Targets in Central East and South East Europe 14
2.3. Risks Associated with Wind Projects 14
2.4. Future Market Trends 15
3. EUROPEAN UNION RENEWABLE ENERGY POLICY LANDSCAPE 16
3.1. Renewable Energy Sources (RES) Regulations and EU Directives Affecting European Countries 16
3.1.1. Precedent EU Regulations 16
3.2. Renewable Energy Mandatory Targets for European Countries set out by the European Commission (EC) 17
3.2.1. Interim Targets Set out by the EU 17
3.2.2. National Support Schemes Flexibility Allowed by the EU and Progress Reporting 18
3.3. Energy Community (EC) Treaty 19
3.4. EU 2030 Framework for Climate and Energy Policies 20
3.5. European Union Energy Roadmap 2050 23
3.6. NATURA 2000 Network 25
3.7. European Green Deal 26
3.8. REPowerEU Plan 28
4. CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES ENERGY MARKET 34
4.1. General Electricity Market Information 34
4.2. Wind in the Energy Sector 41
4.3. Single Electricity Market in European Union (EU) 45
5. CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND RESOURCE POTENTIAL AND MAPPING 47
6. GLOBAL WIND POWER MARKET 49
6.1. Wind Turbines and Wind Power Plant Cost 49
6.2. Market Overview 53
6.3. Wind Turbine Manufacturers Market Shares 56
6.4. Future Development Trends 58
7. CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND POWER MARKET 62
7.1. Support Schemes for Renewable Energy Sources (RES) Generation in Central East and South East Europe 62
7.2. Market Overview 63
7.3. Future Development Trends 68
8. COUNTRY PROFILES 72
8.1. ALBANIA 72
8.2. AUSTRIA 75
8.3. BOSNIA AND HERZEGOVINA 79
8.4. BULGARIA 82
8.5. CROATIA 85
8.6. CYPRUS 89
8.7. CZECH REPUBLIC 92
8.8. ESTONIA 95
8.9. GREECE 97
8.10. HUNGARY 101
8.11. KOSOVO 104
8.12. LATVIA 106
8.13. LITHUANIA 108
8.14. MACEDONIA NORTH 111
8.15. MONTENEGRO 113
8.16. POLAND 115
8.17. ROMANIA 120
8.18. SERBIA 122
8.19. SLOVAK REPUBLIC (SLOVAKIA) 125
8.20. SLOVENIA 128
8.21. TURKEY 131
8.22. UKRAINE 136
9. COMPARATIVE ANALYSIS OF FEED-IN TARIFFS AND SUPPORT SCHEMES FOR WIND ENERGY IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES 140
10. COMPARATIVE ANALYSIS OF MANDATORY RENEWABLE ENERGY CAPACITY GENERATION TARGETS IN CENTRAL EAST AND SOUTH EAST EUROPE 142
11. ELECTRICITY GRID NETWORK IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES 144
11.1. Transmission System Operators (TSOs) 144
11.2. Distribution System Operators (DSO’s) 148
11.3. Grid Connection Constraints 153
12. SMART GRID DEVELOPMENT IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES AS A KEY FACTOR FOR WIND POWER MARKET GROWTH 154
12.1. Smart Grid and Super Smart Grid Concept 154
12.2. Smart Grid Support Initiatives in Central East and South East Europe Countries 156
13. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND POWER MARKET 159
14. COMPETITIVE LANDSCAPE. EPC COMPANIES, EQUIPMENT MANUFACTURERS, AND CONSULTANTS IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND POWER MARKET 162
15. SWOT ANALYSIS OF CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND POWER MARKET 165
16. RISKS ABOUT INVESTMENTS IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND POWER MARKET 169
16.1. Regulatory Risk 169
16.2. Permits 170
16.3. Competition within the Wind Industry 170
16.4. Insurance Risk 171
16.5. Force Majeure Risk 171
16.6. Dependency on Suppliers 171
16.7. Construction 171
16.8. Technology Risk 172
16.9. Operation and Maintenance Risk 172
16.10. Market Price of Electricity 172
17. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES WIND POWER MARKET 173
18. CONCLUSIONS 176
19. LIST OF ABBREVIATIONS 178
20. REFERENCES 182
21. DISCLAIMER 183
22. APPENDIX I. WIND MAPS OF EUROPE AND CENTRAL EAST AND SOUTH EAST EUROPE COUNTRIES 184
- MAP 1: Transmission Grids System Map of Europe, ENTSO-E 2022 34
MAP 2: Exchange Balance of Physical Energy Flow Values in TWh in Europe and Evolution between 2022 and 2021 35
MAP 3: Share of Renewables from Electricity Consumption in Europe, 2022 (in %) 39
MAP 4: Wind Resource Potential of Central East and South East Europe 47
MAP 5: The European Network of Transmission System Operators (TSOs) for Electricity (ENTSO-E), 2023 144
MAP 6: Map of RWE Group Operations in Central East and South East Europe 150
MAP 7: Map of CEZ Group Operations in Central East and South East Europe 151
Map 8: Wind Speed Map of Central East and South East Europe Countries at 100 m.a.g.l 184
Chart 1: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2012 - 2022; Renewable Market WatchTM 37
Chart 2: Forecast for RES Generation Capacity by Source Type in the EU to 2022 and 2032 (in GW) 40
Chart 3: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2022 (MW), WindEurope 42
Chart 4: Share of New Power Generation Capacities Added in the EU 27 in 2022 (MW), WindEurope 43
Chart 5: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2012 – 2022 in the EU, WindEurope 44
Chart 6: Net Installed and Decommissioned Power Generation Capacity in the EU 27 for 2022 (GW), WindEurope 44
Chart 7: Historical and Forecasted Utility Wind System Pricing (EUR/KW) 2019 ÷ 2022 50
Chart 8: Average Wind Turbine Price in Germany 2012 – 2022 (in EUR/KW); Source: RENEWABLE MARKET WATCHTM 52
Chart 9: Wind Turbine Manufacturers Market Shares (in % and in MW) 57
Chart 10: Global Installed Renewable Energy Capacity 2012 - 2040 in GW; IEA World Energy Outlook 2014 59
Chart 11: Global Cumulative Installed Wind Capacity 2012 – 2032 in MW 60
Chart 12: European Annual Wind Market Forecast 2012 – 2032 (in MW), SolarPower Europe, Renewable Market Watch 66
Chart 13: Cumulative Development Forecast of Wind Capacity in Europe 2012 – 2032 (in MW), including estimates 69
Chart 14: Cumulative Investment Volume Forecast in Wind Capacity in Central East and South East Europe 2012 – 2032 (in Millions EUR), including estimates 70
Chart 15: Cumulative Development Forecast of Wind Capacity in Albania 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM; 73
Chart 16: Cumulative Investment Volume in Wind Capacity in Albania 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 74
Chart 17: Cumulative Development Forecast of Wind Capacity in Austria 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 77
Chart 18: Cumulative Investment Volume in Wind Capacity in Austria 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 78
Chart 19: Cumulative Development Forecast of Wind Capacity in Bosnia and Herzegovina 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 80
Chart 20: Cumulative Investment Volume in Wind Capacity in Bosnia and Herzegovina 2000 - 2028 (in Millions EUR), including estimates; Renewable Market WatchTM 81
Chart 21: Cumulative Development Forecast of Wind Capacity in Bulgaria 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 83
Chart 22: Cumulative Investment Volume in Wind Capacity in Bulgaria 2012 – 2032 (in Millions EUR), including estimates 84
Chart 23: Cumulative Development Forecast of Wind Capacity in Croatia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 87
Chart 24: Cumulative Investment Volume in Wind Capacity in Croatia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 88
Chart 25: Cumulative Development Forecast of Wind Capacity in Cyprus 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 90
Chart 26: Cumulative Investment Volume Wind Capacity in Cyprus 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 91
Chart 27: Cumulative Development Forecast of Wind Capacity in the Czech Republic 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 93
Chart 28: Cumulative Investment Volume in Wind Capacity in the Czech Republic 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 94
Chart 29: Cumulative Development Forecast of Wind Capacity in Estonia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 95
Chart 30: Cumulative Investment Volume in Wind Capacity in Estonia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 96
Chart 31: Cumulative Development Forecast of Wind Capacity in Greece 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 99
Chart 32: Cumulative Investment Volume in Wind Capacity in Greece 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 100
Chart 33: Cumulative Development Forecast of Wind Capacity in Hungary 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 101
Chart 34: Cumulative Investment Volume in Wind Capacity in Hungary 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 103
Chart 35: Cumulative Development Forecast of Wind Capacity in Kosovo 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 104
Chart 36: Cumulative Investment Volume in Wind Capacity in Kosovo 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 105
Chart 37: Cumulative Development Forecast of Wind Capacity in Latvia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 107
Chart 38: Cumulative Investment Volume in Wind Capacity in Latvia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 107
Chart 39: Cumulative Development Forecast of Wind Capacity in Lithuania 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 108
Chart 40: Cumulative Investment Volume in Wind Capacity in Lithuania 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 109
Chart 41: Cumulative Development Forecast of Wind Capacity in Macedonia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 112
Chart 42: Cumulative Investment Volume in Wind Capacity in Macedonia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 112
Chart 43: Cumulative Development Forecast of Wind Capacity in Montenegro 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 113
Chart 44: Cumulative Investment Volume in Wind Capacity in Montenegro 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 114
Chart 45: Cumulative Development Forecast of Wind Capacity in Poland 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 115
Chart 46: Reference Auction Price for New Renewable Energy Power Plants in Poland ≥ 1 MW in 2021 118
Chart 47: Cumulative Investment Volume in Wind Capacity in Poland 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 119
Chart 48: Cumulative Development Forecast of Wind Capacity in Romania 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 120
Chart 49: Cumulative Investment Volume in Wind Capacity in Romania 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 121
Chart 50: Cumulative Development Forecast of Wind Capacity in Serbia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 122
Chart 51: Cumulative Investment Volume in Wind Capacity in Serbia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 124
Chart 52: Cumulative Development Forecast of Wind Capacity in Slovakia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 125
Chart 53: Cumulative Investment Volume in Wind Capacity in Slovakia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 127
Chart 54: Cumulative Development Forecast of Wind Capacity in Slovenia 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 128
Chart 55: Cumulative Investment Volume in Wind Capacity in Slovenia 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 130
Chart 56: Cumulative Development Forecast of Wind Capacity in Turkey 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 131
Chart 57: Cumulative Investment Volume in Wind Capacity in Turkey 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 133
Chart 58: The map setting out TEİAŞ’s regional limits to the electrical capacity increases for 2019 134
Chart 59: Cumulative Development Forecast of Wind Capacity in Ukraine 2012 – 2032 (in MW), including estimates; Renewable Market WatchTM 136
Chart 60: Cumulative Investment Volume in Wind Capacity in Ukraine 2012 – 2032 (in Millions EUR), including estimates; Renewable Market WatchTM 139
Chart 61: Mandatory Capacity Generation Targets for Share of Renewable Energies in Central East and South East Europe Countries by 2030 142
Chart 62: Forecast for Total Net Generation Capacity in the EU by Source Type by 2030 147
Chart 63: Smart Grid Model Concept 155
Chart 64: Cumulative Number of Smart Grid Projects in Selected Central East and South East Europe countries Compared to Average EU number and Budget Invested (in € million) 2022 156
Chart 65: Cumulative Budget (in € million) of Smart Grid Projects per Smart Grid Application in Selected Central East and South East Europe countries Compared to Average EU Numbers 2022 157
Table 1: Wind Turbine Price Trend in 2023 51
Table 2: Top 5 Countries by Newly Installed Wind Capacity in MW in 2021 56
Table 3: Support Schemes for Renewable Energy Sources (RES) Generation in Central East and South East Europe 62
Table 4: European Wind Markets Split 2012 – 2022 (in MW and GW), IEA PVPS, SolarPower Europe 64
Table 6: Feed-in-tariffs for Wind Energy in Albania 73
Table 7: Feed-in-tariffs for Wind Energy in Austria 76
Table 8: Feed-in-tariffs and Support Schemes for Wind Energy in Bosnia and Herzegovina 79
Table 9: Feed-in-tariffs and Support Schemes for Wind Energy in Bulgaria 82
Table 10: Feed-in-tariffs and Support Schemes for Wind Energy in Croatia 86
Table 11: Feed-in-tariffs and Support Schemes for Wind Energy in Cyprus 89
Table 12: Feed-in-tariffs and Support Schemes for Wind Energy in the Czech Republic 92
Table 13: Feed-in-tariffs and Support Schemes for Wind Energy in Estonia; Renewable Market WatchTM 96
Table 14: Feed-in-tariffs and Support Schemes for Wind Energy in Greece 97
Table 15: Feed-in-tariffs and Support Schemes for Wind Energy in Greece 98
Table 16: Feed-in-tariffs and Support Schemes for Wind Energy in Hungary 102
Table 17: Feed-in-tariffs and Support Schemes for Wind Energy in Kosovo 105
Table 18: Feed-in-tariffs and Support Schemes for Wind Energy in Latvia 106
Table 19: Feed-in-tariffs and Support Schemes for Wind Energy in Lithuania 109
Table 20: Feed-in-tariffs and Support Schemes for Wind Energy in FYR of Macedonia 111
Table 21: Feed-in-tariffs and Support Schemes for Wind Energy in Montenegro 114
Table 22: Feed-in-tariffs and Support Schemes for Wind Energy in Poland 117
Table 23: Green Certificates, Feed-in-tariffs and Support Schemes for Wind Energy in Romania 121
Table 24: Feed-in-tariffs and Support Schemes for Wind Energy in Serbia 123
Table 25: Feed-in-tariffs and Support Schemes for Wind Energy in Slovakia 126
Table 26: Feed-in-tariffs and Support Schemes for Wind Energy in Slovenia 130
Table 27: Feed-in-tariffs and Support Schemes for Wind Energy in Turkey 132
Table 28: Additional Incentives to Feed-in-tariffs for Electricity from Wind Sources in Turkey for Domestic Procurement 133
Table 29: Feed-in-tariffs and Support Schemes for Wind Energy in Ukraine 137
Table 30: Local Content (Local Procurement) Requirements for Renewable Power Plants in Ukraine 138
Table 31: Feed-in-tariffs and Support Schemes for Wind Energy in Central East and South East Europe Countries. Comparative Analysis 2023 140
Table 32: Grid Connection and Access Regimes in the European Union (EU), 2022; ENTSO-E 145
Table 33: List of TSO's in Selected Central East and South East Europe Countries, 2022; ENTSO-E 147
