Consultancy company Make has said regulatory uncertainty in European markets may damage installed capacity targets for wind power.
In a quarter 1 update on the global wind outlook, Make said policies across the continent may impact on near-term and post-2020 numbers.
“Policy decisions in Germany, the UK and in Poland, for example, could very well limit onshore growth,” it said.
“This will put pressure on both a maturing offshore sector and geo-politically at-risk markets such as Ukraine and Russia to support a greater share of growth.”
Make also claimed that global grid connected wind power capacity could decline by as much as 17% in 2016.
“The China market resets in 2016, dropping 35% year-on-year based on preliminary data for 2015, whereas global growth excluding China is flat,” it said.
“Due to another convergence of policy changes in key markets and a transition to market-based mechanisms, global growth spikes in 2018 before growing gradually from a lower 2017 level toward 2025.”
Image: Gamesa
European policy risks wind
Consultancy outfit Make says regulatory uncertainty will have impact
By EBS