Wind energy: Market in Europe becomes more uniform – and offers new opportunities
September 2018 – Mandatory auctions in many European countries have now unleashed the desired pressure on remuneration levels. Wind energy is increasingly in need of less government support. New construction projects at good locations in some countries can already be realized without controlled support at the current electricity price level.
"Wind energy is becoming more and more competitive due to technical progress, among other things. The market is increasingly functioning without state subsidy," says Lars Quandel, Head of Energy & Infrastructure at HSH Nordbank. "This will open up new opportunities for all participants. In the medium and long term, the importance of wind energy for electricity production will continue to grow."
But, another key statement of the new study on wind energy – the expansion will be much slower in 2018 and 2019 with a forecast volume of 12 to 13 GW. The reasons for this, the extent to which Germany plays a role in this, and the significance of the new ECA and PPA instruments for the European wind energy market – the new HSH Nordbank study gives answers to these and other questions.