Offshore development in Europe and prospects

Jacopo MocciaMember State LiaisonEuropean Wind Energy Association 20 April 2010

Outline

• 2009 installations• Cumulative analysis• Offshore wind trends• Outlook• Highlights: Financing• Highlights: Grids

2009 installations

2009 offshore wind market figures EU+Norway

• 201 turbines intstalled in 2009• 584 MW • Increase of 56% compared to 2008

2009 installations

2009 installations

2009 installations

2009 installations

2009 installations

Cumulative analysis EU and Norway

By end 2009, • 830 wind turbines installed & grid

connected• totalling 2,063 MW • across 39 wind farms • in 9 European countries

Cumulative analysis

Cumulative analysis

Cumulative analysis

Cumulative analysis

Offshore wind trends

Offshore wind trends

Offshore wind trends

Offshore wind trends

Offshore wind trends

Offshore wind trends

Offshore wind trends

Outlook

2010 Expectations • 1000 MW to be installed• 71% market growth

• Over 100 GW in pipeline, of which:– 60 GW in government concession/development

zones– 52 wind farms fully consented, totalling 17,600

MW– 16 wind farms under construction totalling 3,500

MW

Outlook

Outlook

OutlookWind Turbines:3 Benchmarks:

3+ MW (2004)- GE (3.6 MW)- Siemens (3.6 MW)- Vestas- WinWind

5 MW (2007)- Repower- BARD- Areva Multibrid

2+ MW (2000)- Siemens- Vestas-Nordex (test)

Upscaling- Siemens - 6 MW- GE - 4 MW- Repower - 6 MW- BARD – 6.5 MW- Vestas – 6 MW

Outlook:Future entrants- Clipper - 7.5 MW/10 MW- Mitsubishi - 6 MW- Acciona - 3 MW- Gamesa - 4.5 MW- Sinovel – 3 MW

- Doosan - 3 MW- STX (Harakosan) - 2 MW- XEMC Darwind – 5 MW

Highlights: Financing

• Investment in offshore wind farms, €1.5 bn in 2009 - €3+ bn in 2010

• Deeper, further, bigger : government support remains vital for future development

• Access to finance constrained by crisis:• Independent developers affected• Utilities able to finance from balance sheet

• Positive trends:• EU recovery package• EIB loans

Highlights: Grids

• September 2009 EWEA “Offshore Network Development Master Plan”

• “Stockholm declaration” agreed by 12 Member States, Norway and the Commission

• North Seas Countries Offshore Grid Initiative signed by 10 countries

• Grid infrastructure projects:• UK/Norway• NorGer - Germany/Norway (private consortium)• Krieger’s Flak (Denmark/Germany – Sweden on hold) with

EERP financing• Cobra cable (Netherlands/Denmark) with EERP financing• East-West interconnector, EIB loan (Ireland/Wales)• BrtitNed, EIB loan (UK/Netherlands)• Skagerrak 4 (Denmark/Norway)

Thank You

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