AMA Research has recently published the 2nd Edition
of its Commercial Wind Energy Market in the UK Report, which should
be of particular interest to individuals and institutional
investors, and provides a comprehensive and easy to use review of
the commercial wind energy sector.
Renewable energy is central to the new coalition government's
objectives to reduce carbon dioxide emissions by 30% by 2020 and to
generate 15% of the UK’s energy supply from renewable sources
onshore wind farms already making a considerable contribution in
the UK, the key opportunities for larger scale development going
forward lie offshore.
the first time, in 2009, the UK wind energy sector delivered more
than 1GW of new wind power capacity in one year and the forward
pipeline is also very healthy, with 2.4GW of onshore and offshore
capacity under construction, a further 6.5GW consented and 9.9GW in
UK is aiming for onshore wind to grow from around 3.5GW today to at
least 13-14GW by 2020, and suitable sites for up to 32GW of
offshore wind power development have been identified by the Crown
Estate for this timeframe. This installation programme for UK
offshore wind until 2020 captures the delivery of all Crown Estate
Round 1-3 projects.
shift from current operating capacities represents a tremendous
challenge by the sector and its supply chain to deliver an
unprecedented scale of development over a relatively short time
span, necessitating an average build rate of around 950MW onshore
wind per year and around 2.2GW of offshore wind per year.
Report reviews the key issues affecting both the on and offshore
wind energy markets including the estimated costs and timetable for
construction, key players involved and an analysis of the major
factors affecting wind farm development such as planning, turbine
availability and connection to the grid. With renewable energy
firmly on the new coalition government’s agenda, the Report also
explores the market opportunities ahead for the construction
industry and the wider supply chain.