2015 and 2016 were both record years for offshore wind power in Europe and there are signs that 2017 will be at least as eventful and successful, if not better, than the previous two years. This publication from PwC looks at six EU markets around the North Sea: Belgium, Denmark, France, Germany, the Netherlands and the UK. In this geographical area, differing regulatory frameworks, incompatibility of support schemes and sometimes the lack of political support have been identified as main hurdles.
In this publication PwC looks particularly at six main markets for offshore wind in Europe: Belgium, Denmark, France, Germany, the Netherlands and the UK. In those markets the cumulative total installed and grid connected capacity at the end of 2016 was over 11 GW. Worldwide, over 14 GW was installed end of 2016, showing the importance of European markets.
Offshore wind capacity across six European markets in 2016
We believe that the prospects for offshore wind in Europe look bright, mainly due to the current project pipeline and overall market developments.