TY - RPRT
TI - The European Offshore Wind Industry - Key Trends and Statistics 2014
AU - Corbetta, G
AU - Ho, A
AU - Guillet, J
AU - Pineda, I
AB - Offshore wind power market in 2014408 new offshore wind turbines in nine wind farms and one demonstration project, worth between €4.2 billion and €5.9 billion, were fully grid connected between 1 January and 31 December 2014. The new capacity totals 1,483.3 MW - 5.34% less than in 2013;536 turbines were erected during 2014, an average of 5.9 MW per day. 373 of these turbines are awaiting grid connection;Work is on-going on 12 projects.Cumulative offshore wind power market2,488 turbines are now installed and grid connected, making a cumulative total of 8,045.3 MW in 74 wind farms in 11 European countries;78.8% of substructures are monopiles, 10.4% are gravity foundations, jackets account for 4.7%, tripods account for 4.1%, and tripiles account for 1.9%;There are also two full-scale grid-connected floating turbines.Market outlook for 2015 and 2016Once completed, the 12 offshore projects currently under construction will increase installed capacity by a further 2.9 GW, bringing the cumulative capacity in Europe to 10.9 GW.Trends: turbines, foundations, water depth and distance to shoreThe average offshore wind turbine size was 3.7 MW, slightly less than in 2013 due to the increased proportion of installation of the Siemens 3.6 MW wind turbines;The average size of a grid-connected offshore wind farm in 2014 was 368 MW, 24.1% less than the previous year. This is the result of the 2013 completion of the record breaking London Array (630 MW);The average water depth of wind farms completed, or partially completed, in 2014 was 22.4 metres (m) and the average distance to shore was 32.9 km.Financing highlights and developmentsProject finance is increasingly becoming an important tool in financing offshore wind. The industry raised €3.14 billion of non-recourse debt in 2014 – the highest ever level reached in the industry;Nearly half of the final investment decisions made in 2014 were billion-euro projects, in total 2,323 MW of new gross capacity was financed;Partnerships are becoming a key to success, and as liquidity is back in the financial markets, developers will be more likely to align their interests with those of potential investors.
DA - 2015/01//
PY - 2015
SP - 25
PB - European Wind Energy Association (EWEA)
UR - http://www.ewea.org/fileadmin/files/library/publications/statistics/EWEA-European-Offshore-Statistics-2014.pdf
LA - English
KW - Wind Energy
KW - Fixed Offshore Wind
ER -