This market report offers an incisive and reliable overview of the European onshore and offshore wind power market for the period 2025 ÷ 2034...
Update: January 2025
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 234
Report production №: RMWIN349202025671
Delivery: Up to 24 hours by e-mail
Subscription: In the report price is included a subscription for 1 year period with up to 4 quarterly updates
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This is a uniquely thorough and detailed market report, which offers an incisive and reliable overview of the onshore and offshore wind power sector of Europe for the next long-term period of 2025 ÷ 2034. Geographically all European countries are suitable for the production of wind energy throughout the whole year. The wind resource potential on the European countries' territory is considerable despite the large differences in the wind speed and wind density between the various countries. In Europe, 18.3 GW of new onshore and offshore wind power capacity was installed in 2023.
More firms turn their attention to environmental, social and governance (ESG) practices, according to the study conducted between April and June 2024 by the Renewable Market Watch™ of 237 key decision-makers of European investment companies active in the onshore and offshore wind energy sector. Some 67 per cent of the interviewed managers plan to prioritise integrating ESG considerations in their wind farm projects planned for realisation between 2025 and 2028.
Germany was the largest wind energy market in 2023, adding 3.9GW of new capacity, followed by Netherlands (2.4GW), Sweden (2GW), France (1.8GW), Finland (1.3BG) and others. Axpo, BayWa r.e., Enel Green Power, EDP, Iberdrola, Lightsource bp, Ørsted, RWE, Siemens and Vestas, are among the key players in the market.
The number of fully permitted and ready-to-build projects is promptly increasing. Newly onshore and offshore wind power capacity in Europe will exceed XXX GW by 2034. The report provides a complete picture of the market situation, dynamics, risks, current issues and prospects. You will find more than 230 pages of valuable information in this unique, in-depth analysis of the European onshore and offshore wind power market and will receive an overview of how the military conflict in Ukraine, and the European Union's decision to make a significant reduction of Russian gas and other energy commodities import 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 2023 and 2024 were challenging years for the onshore and offshore wind power industry, the time for making the right decisions during 2025 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 report content. Reasons to buy this market report are, but are not limited to:
- Wind resource potential in Europe
- Over 170 charts, maps and tables
- Profiles of 44 countries
- Market shares of manufacturers of wind turbines
- Historical market data provided from 2014 to 2024 and forecasts until 2034
- Overview of European onshore and offshore wind power market development 2014 ÷ 2034 by countries
- Development scenario of European countries' onshore and offshore wind power market until 2034
- Support schemes, incentives and regulatory framework
- Database with 200+ major active and upcoming onshore and offshore wind power plants in Europe
- Attractiveness indices and comparative analysis for onshore and offshore wind power investments in Europe
- SWOT Analysis (detailed in 5 pages)
- Overview of Europe's legal and regulatory framework for Renewable Energy Sources (RES) generation by countries
- Project developers, EPC providers and Consultants in Europe
- Key organizations and stakeholders affecting the development of the onshore and offshore wind power sector by countries
- A comprehensive review of smart grid development in Europe
- Investment potential and opportunities
On the next pages, you will see the full table of contents of this report. To order this report, click "ADD TO CART". The table of contents is referential and may vary upon report updates. If you have any other questions or data requests, please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
1. METHODOLOGY 14
1.1. Methodology 14
1.2. Forecast Software and Methodology 16
1.2.1. Purpose 16
1.2.2. Description 16
1.2.3. Input data 17
1.2.4. Output data 17
1.3. Limitations 18
2. EXECUTIVE SUMMARY 19
2.1. Primary Wind Resource Availability 19
2.2. Renewable Energy Sources (RES) Policies and Targets in Europe 19
2.3. Risks Associated with Wind Power Projects 19
2.4. Future Market Trends 20
3. EUROPEAN UNION RENEWABLE ENERGY POLICY LANDSCAPE 21
3.1. Renewable Energy Sources (RES) Regulations and EU Directives Affecting European Countries 21
3.1.1. Precedent EU Regulations 21
3.2. Renewable Energy Mandatory Targets for European Countries set out by the European Commission (EC) 22
3.2.1. Interim Targets Set out by the EU 22
3.2.2. National Support Schemes Flexibility Allowed by the EU and Progress Reporting 23
3.3. Energy Community (EC) Treaty 24
3.4. EU 2030 Framework for Climate and Energy Policies 25
3.5. European Union Energy Roadmap 2050 28
3.6. NATURA 2000 Network 30
3.7. European Green Deal 31
3.8. REPowerEU Plan 34
4. EUROPE ENERGY MARKET 39
4.1. General Electricity Market Information 39
4.2. Wind Power in the Energy Sector 46
4.3. Single Electricity Market in European Union (EU) 50
5. EUROPE WIND RESOURCE POTENTIAL AND MAPPING 52
6. GLOBAL ONSHORE AND OFFSHORE WIND POWER MARKET 54
6.1. Wind Turbines and Wind Power Plant Cost 54
6.2. Market Overview 58
6.3. Wind Turbine Manufacturers Market Shares 62
6.4. Future Development Trends 63
7. EUROPE ONSHORE AND OFFSHORE WIND POWER MARKET 67
7.1. Support Schemes for Renewable Energy Sources (RES) Generation in Europe 67
7.2. Market Overview 68
7.3. Future Development Trends 73
8. COUNTRY PROFILES 77
8.1. ALBANIA 77
8.2. AUSTRIA 80
8.3. BELARUS 83
8.4. BELGIUM 86
8.5. BOSNIA AND HERZEGOVINA 88
8.6. BULGARIA 90
8.7. CROATIA 93
8.8. CYPRUS 96
8.9. CZECH REPUBLIC 99
8.10. DENMARK 102
8.11. ESTONIA 105
8.12. FINLAND 108
8.13. FRANCE 113
8.14. GEORGIA 115
8.15. GERMANY 117
8.16. GREECE 119
8.17. HUNGARY 121
8.18. ICELAND 124
8.19. IRELAND 128
8.20. ITALY 131
8.21. KOSOVO 133
8.22. LATVIA 136
8.23. LIECHTENSTEIN 138
8.24. LITHUANIA 140
8.25. LUXEMBOURG 142
8.26. NORTH MACEDONIA 145
8.27. MALTA 147
8.28. MOLDOVA 149
8.29. MONTENEGRO 151
8.30. NETHERLANDS 153
8.31. NORWAY 156
8.32. POLAND 158
8.33. PORTUGAL 163
8.34. ROMANIA 167
8.35. RUSSIA 169
8.36. SERBIA 171
8.37. SLOVAK REPUBLIC (SLOVAKIA) 173
8.38. SLOVENIA 176
8.39. SPAIN 179
8.40. SWEDEN 183
8.41. SWITZERLAND 186
8.42. TURKEY 189
8.43. UKRAINE 194
8.44. UNITED KINGDOM 198
9. COMPARATIVE ANALYSIS OF FEED-IN TARIFFS AND SUPPORT SCHEMES FOR ONSHORE AND OFFSHORE WIND ENERGY IN EUROPE 202
10. COMPARATIVE ANALYSIS OF MANDATORY RENEWABLE ENERGY CAPACITY GENERATION TARGETS IN EUROPE 204
11. ELECTRICITY GRID NETWORK IN EUROPE 206
11.1. Transmission System Operators (TSOs) 206
11.2. Distribution System Operators (DSO’s) 210
11.3. Grid Connection Constraints 215
12. SMART GRID DEVELOPMENT IN EUROPE AS A KEY FACTOR FOR WIND POWER MARKET GROWTH 216
12.1. Smart Grid and Super Smart Grid Concept 216
12.2. Smart Grid Support Initiatives in European Countries 218
13. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN EUROPE ONSHORE AND OFFSHORE WIND POWER MARKET 222
14. COMPETITIVE LANDSCAPE. EPC COMPANIES, EQUIPMENT MANUFACTURERS, AND CONSULTANTS IN EUROPE ONSHORE AND OFFSHORE WIND POWER MARKET 225
15. SWOT ANALYSIS OF EUROPE ONSHORE AND OFFSHORE WIND POWER MARKET 228
16. RISKS ABOUT INVESTMENTS IN EUROPE ONSHORE AND OFFSHORE WIND POWER MARKET 232
17. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN EUROPE ONSHORE AND OFFSHORE WIND POWER MARKET 236
18. CONCLUSIONS 239
19. LIST OF ABBREVIATIONS 241
20. REFERENCES 245
21. DISCLAIMER 246
22. APPENDIX I. WIND RESOURCE MAPS OF EUROPE 247
- MAP 1: Transmission Grids System Map of Europe 39
MAP 2: Exchange Balance of Physical Energy Flow Values in TWh in Europe and Evolution between 2023 and 2024 40
MAP 3: Share of Renewables from Electricity Consumption in Europe, 2024 (in %) 44
MAP 4: Wind Resource Potential of Europe 52
MAP 5: The European Network of Transmission System Operators (TSOs) for Electricity, 2024 206
MAP 6: Map of RWE Group Operations in Europe 212
MAP 7: Map of CEZ Group Operations in Europe 213
MAP 8: Smart Grid Projects Map in Europe 2024 220
MAP 9: Wind Speed Map of Europe and Central Asia at 100 m.a.g.l. 247
Chart 1: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2014 – 2034; Renewable Market WatchTM 42
Chart 2: Forecast for RES Generation Capacity by Source Type in the EU to 2024 and 2034 (in GW) 45
Chart 3: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2024 (MW) 47
Chart 4: Share of New Power Generation Capacities Added in the EU 27 in 2024 (MW) 48
Chart 5: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2024 – 2034 in the EU 49
Chart 6: Net Installed and Decommissioned Power Generation Capacity in the EU 27 for 2024 (in GW) 49
Chart 7: Historical and Forecasted Utility Wind Power Plant Pricing 55
Chart 8: Average Turn-Key Onshore and Offshore Wind Power Plant Cost in Europe 2024 (in EUR/MW); Source: RENEWABLE MARKET WATCHTM 57
Chart 9: Wind Turbine Manufacturers Market Shares (in % and in MW) 62
Chart 12: Global Installed Renewable Energy Capacity 2024 - 2034 in GW 64
Chart 13: Global Cumulative Installed Onshore Wind Power Capacity 2014 – 2034 (in GW) 65
Chart 14: Global Cumulative Installed Offshore Wind Power Capacity 2014 – 2034 (in GW) 66
Chart 15: European Wind Power Capacity Segmentation (Onshore and Offshore) by Country in 2024 in % 70
Chart 16: European Annual Onshore and Offshore Wind Power Market Forecast 2014 – 2034 (in GW), Renewable Market Watch 71
Chart 17: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Europe 2014 – 2034 (in GW), including estimates 74
Chart 18: Cumulative Investment Volume Forecast in Onshore and Offshore Wind Power Capacity in Europe 2014 – 2034 (in Millions EUR), including estimates 75
Chart 19: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Albania 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM; 78
Chart 20: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Albania 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 79
Chart 21: Cumulative Development Forecast of Onshore Wind Power Capacity in Austria 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 80
Chart 22: Cumulative Investment Volume in Onshore Wind Power Capacity in Austria 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 82
Chart 23: Cumulative Development Forecast of Onshore Wind Power Capacity in Belarus 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 84
Chart 24: Cumulative Investment Volume in Onshore Wind Power Capacity in Belarus 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 85
Chart 25: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Belgium 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 86
Chart 26: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Belgium 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 87
Chart 27: Cumulative Development Forecast of Onshore Wind Power Capacity in Bosnia and Herzegovina 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 88
Chart 28: Cumulative Investment Volume in Onshore Wind Power Capacity in Bosnia and Herzegovina 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 89
Chart 29: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Bulgaria 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 91
Chart 30: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Bulgaria 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 92
Chart 31: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Croatia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 94
Chart 32: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Croatia 2013 - 2033 (in Millions EUR), including estimates; Renewable Market WatchTM 95
Chart 33: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Cyprus 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 97
Chart 34: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Cyprus 2014 – 2034 (in Millions EUR), including estimates 98
Chart 35: Cumulative Development Forecast of Onshore Wind Power Capacity in the Czech Republic 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 101
Chart 36: Cumulative Investment Volume in Onshore Wind Power Capacity in the Czech Republic 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 102
Chart 37: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Denmark 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 104
Chart 38: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Denmark 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 105
Chart 39: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Estonia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 107
Chart 40: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Estonia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 108
Chart 41: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Finland 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 109
Chart 42: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Finland 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 112
Chart 43: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in France 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 113
Chart 44: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in France 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 114
Chart 45: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Georgia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 115
Chart 46: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Georgia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 116
Chart 47: Cumulative Development Forecast Solar Photovoltaic (PV) Capacity in Germany 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 117
Chart 48: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Germany 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 118
Chart 49: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Greece 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 119
Chart 50: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Greece 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 120
Chart 51: Cumulative Development Forecast of Onshore Wind Power Capacity in Hungary 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 121
Chart 52: Cumulative Investment Volume in Onshore Wind Power Capacity in Hungary 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 123
Chart 53: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Iceland 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 126
Chart 54: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Iceland 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 127
Chart 55: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Ireland 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 128
Chart 56: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Ireland 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 130
Chart 57: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Italy 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 131
Chart 58: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Italy 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 132
Chart 59: Cumulative Development Forecast of Onshore Wind Power Capacity in Kosovo 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 135
Chart 60: Cumulative Investment Volume in Onshore Wind Power Capacity in Kosovo 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 135
Chart 61: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Latvia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 136
Chart 62: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Latvia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 137
Chart 63: Cumulative Development Forecast of Onshore Wind Power Capacity in Liechtenstein 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 138
Chart 64: Cumulative Investment Volume in Onshore Wind Power Capacity in Liechtenstein 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 139
Chart 65: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Lithuania 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 141
Chart 66: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Lithuania 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 141
Chart 67: Cumulative Development Forecast of Onshore Wind Power Capacity in Luxembourg 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 142
Chart 68: Cumulative Investment Volume in Onshore Wind Power Capacity in Luxembourg 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 143
Chart 69: Cumulative Development Forecast of Onshore Wind Power Capacity in North Macedonia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 146
Chart 70: Cumulative Investment Volume in Onshore Wind Power Capacity in North Macedonia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 146
Chart 71: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Malta 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 147
Chart 72: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Malta 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 148
Chart 73: Cumulative Development Forecast of Onshore Wind Power Capacity in Moldova 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 149
Chart 74: Cumulative Investment Volume in Onshore Wind Power Capacity in Moldova 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 150
Chart 75: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Montenegro 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 151
Chart 76: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Montenegro 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 152
Chart 77: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Netherlands 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 154
Chart 78: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Netherlands 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 155
Chart 79: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Norway 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 157
Chart 80: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Norway 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 157
Chart 81: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Poland 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 158
Chart 82: Reference Auction Price for New Renewable Energy Power Plants in Poland ≥ 1 MW in 2021 161
Chart 83: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Poland 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 162
Chart 84: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Portugal 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 163
Chart 85: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Portugal 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 165
Chart 86: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Romania 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 167
Chart 87: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Romania 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 168
Chart 88: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Russia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 169
Chart 89: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Russia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 170
Chart 90: Cumulative Development Forecast of Onshore Wind Power Capacity in Serbia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 171
Chart 91: Cumulative Investment Volume in Onshore Wind Power Capacity in Serbia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 173
Chart 92: Cumulative Development Forecast of Onshore Wind Power Capacity in Slovakia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 174
Chart 93: Cumulative Investment Volume in Onshore Wind Power Capacity in Slovakia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 176
Chart 94: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Slovenia 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 177
Chart 95: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Slovenia 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 179
Chart 96: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Spain 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 180
Chart 97: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Spain 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 182
Chart 98: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Sweden 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 183
Chart 99: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Sweden 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 185
Chart 100: Cumulative Development Forecast of Onshore Wind Power Capacity in Switzerland 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 186
Chart 101: Cumulative Investment Volume in Onshore Wind Power Capacity in Switzerland 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 188
Chart 102: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Turkey 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 189
Chart 103: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Turkey 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 191
Chart 104: The map setting out TEİAŞ’s regional limits to the electrical capacity increases for 2019 192
Chart 105: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in Ukraine 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 194
Chart 106: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in Ukraine 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 197
Chart 107: Cumulative Development Forecast of Onshore and Offshore Wind Power Capacity in the United Kingdom 2014 – 2034 (in GW), including estimates; Renewable Market WatchTM 198
Chart 108: Cumulative Investment Volume in Onshore and Offshore Wind Power Capacity in the United Kingdom 2014 – 2034 (in Millions EUR), including estimates; Renewable Market WatchTM 201
Chart 109: Mandatory Capacity Generation Targets for Share of Renewable Energies in the European Union (EU) Countries by 2030 204
Chart 110: Forecast for Total Net Generation Capacity in the EU by Source Type by 2030 209
Chart 111: Smart Grid Model Concept 217
Chart 112: Cumulative Number of Smart Grid Projects in Selected European countries Compared to Average EU number and Budget Invested (in € million), 2014 ÷ 2024 218
Chart 113: Cumulative Budget (in € million) of Smart Grid Projects per Smart Grid Application in Selected European countries Compared to Average EU Numbers, 2024 219
Table 1: Wind Turbine Price Trend in 2024 56
Table 2: Top 10 Countries by Newly Installed Onshore and Offshore Wind Power Capacity (in GW) in 2024 61
Table 3: Support Schemes for Renewable Energy Sources (RES) Generation in Europe 67
Table 4: European Onshore and Offshore Wind Power Markets Split 2014 – 2024 (in GW), WindEurope 69
Table 5: Feed-in-tariffs and Support Schemes for Wind Energy in Albania 78
Table 6: Feed-in-tariffs and Support Schemes for Wind Energy in Austria 81
Table 7: Feed-in-tariffs and Support Schemes for Wind Energy in Belarus 83
Table 8: Feed-in-tariffs and Support Schemes for Wind Energy in Belgium 87
Table 9: Feed-in-tariffs and Support Schemes for Wind Energy in Bosnia and Herzegovina; Renewable Market WatchTM 89
Table 10: Feed-in-tariffs and Support Schemes for Wind Energy in Bulgaria 90
Table 11: Subsidies for Net Metering in Bulgaria 92
Table 12: Feed-in-tariffs and Support Schemes for Wind Energy in Croatia 93
Table 13: Feed-in-tariffs and Support Schemes for Wind Energy in Cyprus 96
Table 14: Feed-in-tariffs and Support Schemes for Wind Energy in the Czech Republic 100
Table 15: Feed-in-tariffs and Support Schemes for Wind Energy in Denmark 103
Table 16: Feed-in-tariffs and Support Schemes for Wind Energy in Estonia 106
Table 17: Feed-in-tariffs and Support Schemes for Wind Energy in Finland 111
Table 18: Feed-in-tariffs and Support Schemes for Wind Energy in France; Renewable Market WatchTM 114
Table 19: Feed-in-tariffs and Support Schemes for Wind Energy in Georgia 116
Table 20: Feed-in-tariffs and Support Schemes for Wind Energy in Germany 118
Table 21: Feed-in-tariffs and Support Schemes for Wind Energy in Greece 119
Table 22: Feed-in-tariffs and Support Schemes for Wind Energy in Hungary 123
Table 23: Feed-in-tariffs and Support Schemes for Wind Energy in Iceland 124
Table 24: Feed-in-tariffs and Support Schemes for Wind Energy in Iceland 125
Table 25: Feed-in-tariffs and Support Schemes for Wind Energy in Ireland 129
Table 26: Feed-in-tariffs and Support Schemes for Wind Energy in Italy 131
Table 27: Feed-in-tariffs and Support Schemes for Wind Energy in Kosovo 134
Table 28: Feed-in-tariffs and Support Schemes for Wind Energy in Latvia 137
Table 29: Feed-in-tariffs and Support Schemes for Wind Energy in Liechtenstein 139
Table 30: Feed-in-tariffs and Support Schemes for Wind Energy in Lithuania 140
Table 31: Feed-in-tariffs and Support Schemes for Wind Energy in Luxembourg 143
Table 32: Feed-in-tariffs and Support Schemes for Wind Energy in North Macedonia 145
Table 33: Feed-in-tariffs and Support Schemes for Wind Energy in Malta 148
Table 34: Feed-in-tariffs and Support Schemes for Wind Energy in Moldova 150
Table 35: Feed-in-tariffs and Support Schemes for Wind Energy in Montenegro 152
Table 36: Feed-in-tariffs and Support Schemes for Wind Energy in Netherlands 153
Table 37: Feed-in-tariffs and Support Schemes for Wind Energy in Norway 156
Table 38: Feed-in-tariffs and Support Schemes for Wind Energy in Poland 160
Table 39: Feed-in-tariffs and Support Schemes for Wind Energy in Portugal 164
Table 40: Green certificates, Feed-in-tariffs and Support Schemes for Wind Energy in Romania 168
Table 41: Feed-in-tariffs and Support Schemes for Wind Energy in Russia 170
Table 42: Feed-in-tariffs and Support Schemes for Wind Energy in Serbia 172
Table 43: Feed-in-tariffs and Support Schemes for Wind Energy in Slovakia 175
Table 44: Feed-in-tariffs and Support Schemes for Wind Energy in Slovenia 179
Table 45: Feed-in-tariffs and Support Schemes for Wind Energy in Spain 182
Table 46: Feed-in-tariffs and Support Schemes for Wind Energy in Sweden; Renewable Market WatchTM 185
Table 47: Feed-in-tariffs and Support Schemes for Wind Energy in Switzerland 187
Table 48: Feed-in-tariffs and Support Schemes for Wind Energy in Turkey 190
Table 49: Additional Incentives to Feed-in-tariffs for Electricity from Solar PV Sources in Turkey for Domestic Procurement 191
Table 50: Feed-in-tariffs and Support Schemes for Wind Energy in Ukraine 195
Table 51: Local Content (Local Procurement) Requirements for Renewable Power Plants in Ukraine 196
Table 52: Feed-in-tariffs and Support Schemes for Wind Energy in the United Kingdom 200
Table 53: Feed-in-tariffs and Support Schemes for Onshore and Offshore Wind Energy in Selected European Countries. Comparative Analysis 2024 202
Table 54: Grid Connection and Access Regimes in the European Union (EU), 2024 207
Table 55: List of TSOs in Selected European Countries, 2024 208
