In stormy times, WindEnergy Hamburg starts September 27-30, 2022. The industry experts of Hamburg Commercial Bank are looking forward to four days of trade fair around the wind energy market, which is more important than ever.
At the world's leading trade fair WindEnergy Hamburg 2022, the global energy crisis will be the central theme on the stands of more than 1,400 exhibitors from more than 40 countries this year. The need to expand renewable energies has never been more apparent than in this year, when war, sharply increased electricity prices, inflation, material shortages due to supply chains that do not function smoothly, and climate change are placing a massive burden on humanity. Inka Klinger, Head of Project Finance at Hamburg Commercial Bank, also expects particularly exciting trade fair discussions this year for this reason.
HCOB has been a strong partner for the important growth sector of renewable energies since 1994. The bank's portfolio for long-term and short-term project financing in this area is broadly diversified and spread across a large number of regions in Europe. In addition to Germany, the bank's strongest markets include Northern Europe, Benelux, England and Ireland. In addition to wind and solar, hydrogen is also playing an increasingly important role for the bank.
Inka Klinger: "We are particularly looking forward to this year's WindEnergy Hamburg. Onshore and offshore wind energy is not only becoming increasingly important in achieving the climate line. Particularly against the backdrop of the current challenges and large project pipelines, we also see a significantly different financing need among our customers that goes beyond traditional long-term project financing. "HCOB will be represented at the trade fair in Hall A4 (Stand 301) with its industry experts around Inka Klinger.
In the run-up to the fair, HCOB is not the only one to be pleased about important positive signals for the wind energy sector. Cyrus de La Rubia, Chief Economist at HCOB: "The outlook for the next 12-18 months is not all gloom: German industry's order books are full, employment should remain high given the labor shortage, and supply chain problems should also gradually dissipate." Most importantly, De la Rubia sees increased efforts to increase the supply of energy, and wind and solar play a prominent role in this.
Another important signal before the trade fair comes from the 9th Windenergy-Trend:index, which is published by WindEnergy Hamburg in cooperation with the leading market research institute for wind energy, wind:research. Even during the pandemic, the wind industry has proven to be pleasingly resilient according to this. Compared to autumn 2021, the current market situation for onshore wind energy is now even assessed as very positive for almost all regions. Also for offshore wind financing, all regions gain significantly when asked about the current market situation. According to the survey, the strongest growth was recorded in Germany. Its results catch up with those of Asia, North America and Europe. The future in the offshore wind industry is also viewed very optimistically: Asia, Europe, North America - and, according to this survey, now also Germany - are almost on a par and close to the top. Even with regard to the war in Ukraine, only short-term negative effects on the wind energy industry are expected for the market situation for all regions.
This year in Hamburg, parallel to WindEnergy Hamburg, the new trade fair H2EXPO & CONFERENCE will be held for the first time, focusing on green hydrogen. Hydrogen, which is produced on the basis of renewable energies, is considered to be an important key, especially in industrial production and transport. Therefore, there is a high probability that wind energy will play a significant role in the production of green hydrogen in the next two years. The H2EXPO & CONFERENCE takes this development into account. And this topic is also becoming increasingly important for HCOB in its Renewable Energies business area. At the world's largest meeting of the wind industry from September 27 to 30 in Hamburg, there will therefore certainly be numerous interesting discussions for the bank on this topic at the trade fair.
Key Facts about WindEnergy Hamburg 2022