A New Market Overview: Offshore Wind Energy In Europe

JULY 2016

M A R K E T O V E R V I E W O F F S H O R E W I N D E N E R G Y

I N E U R O P E A S O F Q 2 2 0 1 6

EMIL METSSON

PLANET OS - JULY 2016

Wind energy forms 22% of total renewable energy

PLANET OS - JULY 2016 - OFFSHORE WIND MARKET Q2 2016

PLANET OS - JULY 2016PLANET OS - JULY 2016 - OFFSHORE WIND MARKET Q2 2016

Offshore wind forms 3% of total wind energy


Only 5 out of 30 biggest offshore wind farms under development

are operational today

O P P O R T U N I T Y


PLANET OS - JULY 2016PLANET OS - JULY 2016

53 OFFSHORE WIND FARMS ARE IN VARIOUS STAGES OF DEVELOPMENT (MARKED AS RED, EXPECTED TO COME ONLINE 2016-2022)


PLANET OS - JULY 2016PLANET OS - JULY 2016PLANET OS - JULY 2016 - OFFSHORE WIND MARKET Q2 2016

RECORD GROWTH IN 2015

Source: European Wind Energy Association, 2016

+3019 MW (up 108% since 2014)

NEW GRID-CONNECTED CAPACITY

from 754 TURBINES (346 more than 2014)

in 15 FARMS


Gwynt Y Môr alone accounted for 19% of all installed capacity in 2015

1 5 N E W W I N D FA R M S I N 2 0 1 5



10 projects reach FID* stage, total worth €13.3B, doubled since 2014

I N V E S T M E N T S I N 2 0 1 5


* FID = FINAL INVESTMENT DECISION


GLOBAL SOLAR & WIND INVESTMENT TRENDS ($ BILLIONS)

Source: International Renewable Energy Agency, 2016


SLOWER GROWTH IN H1 2016

Source: European Wind Energy Association, 2016

+511 MW (down 78% compared to H1 2015)

NEW GRID-CONNECTED CAPACITY

from 114 TURBINES

in 4 wind farms


13 wind farms are in advanced stages of development, adding 4.2 GW by June 2017

N E W O F F S H O R E W I N D FA R M S



7 projects reach FID* stage, total worth €14B

(€0.7B more than 2015 total)

I N V E S T M E N T S I N H 1 2 0 1 6


* FID = FINAL INVESTMENT DECISION


3344 turbines are grid-connected with a combined capacity 11 538 MW

E U R O P E = B I G G E S T I N S TA L L E D C A PA C I T Y



All 114 new offshore turbines were supplied by Siemens

O F F S H O R E T U R B I N E M A R K E T H 1 2 0 1 6



The average turbine size is 4.8 MW, 15% larger than in 2015

O F F S H O R E T U R B I N E M A R K E T H 1 2 0 1 6



SIEMENS TURBINES DOMINATE THE MARKET (BY INSTALLED CAPACITY)

Other 1%

BARD 4%

Adwen 6%

Senvion 7%

Vestas 19% Siemens

64%


TURBINE MANUFACTURERS’ MARKET SHARE (NET ANNUAL INSTALLATIONS 2015 vs TOTAL)

Siemens Adwen Vestas

Senvion

476 110 129 44

MW

1,816 550 391 270

# of turbines6,900 635

2,040 830

2,059 127 750 140

MW# of turbines2015 Cumulative


DEVELOPERS/OWNERS MARKET SHARE (BY CUMULATIVE INSTALLED CAPACITY)

Other41%

Blackstone3% GIB

3% SSE3%Ocean Breeze

4%

SWM4%

Vattenfall9%

RWE9%

E.ON9%

DONG16%


TOP 5 WIND FARM DEVELOPERS/OWNERS

DONG E.ON

Vattenfall RWE

Stadtwerke München

595 540 452 457 320

# of farms

12 9 9 6 3

# of turbines

All others 1253


TOP 5 WIND FARM DEVELOPERS/OWNERS

DONG E.ON

Vattenfall RWE

Stadtwerke München

15.6% 9.6% 8.9% 6.4% 3.8%

2015

7.8% 17.1% 4.9%

11.4% 9.5%

Cumulative

(% OF TOTAL INSTALLED CAPACITY)


DOGGER BANK ZONELARGEST PROJECT UNDER DEVELOPMENT

(Forewind Limited = SSE, Statkraft, Statoil, RWE)

Creyke Beck 2 phases - A & B

2400 MW 400 turbines

8TWh per annum

Teesside 2 phases - A & B

2400 MW 400 turbines

8TWh per annum

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A New Market Overview: Offshore Wind Energy In Europe

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