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Report highlights wind growth opportunities Sweden, Turkey and Poland are Europe's most promising markets for wind energy, according to new analysis. A study by Frost & Sullivan indicates that Sweden's wind energy sector has the highest potential for growth in Western Europe, while Poland will remain the largest market for wind in Central and Eastern Europe. A recent drive for wind energy in Turkey has also pushed that market to the forefront of the sector. Although all three markets are considered to be relatively small in the wind sector compared to countries such as Germany and Spain, they have significant potential for growth thanks to government policy as well as other factors. Both Poland and Sweden have a quota obligation system with tradable green certificates, and also have large areas of land available for the construction of wind farms. According to Frost & Sullivan, the potential for wind energy in Poland has stimulated the interest of investors and turbine manufacturers. The Polish market has doubled in size every year from 2005-2008 and installed capacity stands at around 1005 MW. Sweden boasts the most conducive environment for wind energy growth in Western Europe, says the report, entitled 'Investment Opportunities in the Wind Energy Sector In Europe'. Installed wind capacity in Sweden doubled in 2007 and 2008 and at the beginning of 2009 there were ten onshore projects under construction and 18 with permits. The second largest wind power market in Central and Eastern Europe is now Turkey, where the government has issued licenses for 5 GW, of which 402 MW are being constructed and a further 668 MW have received permission. Electricity generation in Sweden is expected to grow from 2.3 TWh/a in 2008 to 25-29 TWh/a by 2020. Poland will have to install up to 1 GW of wind capacity per year if it is to reach its 2020 renewable targets. Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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