[Can Emerging Wind Markets Compensate for Stagnating European Growth?]






LONDON -- Growing speculation that the wind market in Western Europe is currently hitting a growth plateau has gathered weight in recent months. The EU as a whole has suffered significant reductions in forecast wind capacity growth as a result of the ongoing economic crisis.

Justin Wu, head of wind insight at Bloomberg New Energy Finance, believes that western European onshore wind installations face "a slow decline". BNEF predicts that the 27 countries of the EU will have installed a record 9.3 GW of onshore capacity in 2012, but then will decline to less than 7 GW per year in 2013 and 2014.

However, the bright spot on the horizon is forecast to be emerging markets in Eastern Europe.

Wu points to key new markets such as Romania, Serbia, Croatia and Ukraine, all of which feature growing electricity demand, excellent wind resources and new policies intended to encourage wind development, and all of which are retiring old coal-fired power plants, seeking energy independence and increasing their use of renewables in line with EU standards.
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By: Tildy Bayar, Associate Editor, Renewable Energy World Magazine