Question: What is the key benefit of regular reports being produced?
Joost Bergsma, Managing Partner and CEO, Glennmont Partners
Glennmont pays some attention to historic and forecast MW capacity data in markets when they are announced. These data give an indication as to how deep the market will be for new construction projects.
Glennmont tends to focus on these new projects. Also Glennmont pursues an aggregation strategy and thus it is good to know whether the relevant market has sufficient depth.
It is important to understand the detail finesse of a market and our team is not big enough to cover all the 27 markets in the EU in great depth.
With respect to historic data, capacity built in the past is a good indicator to know how deep the installed base is. The larger the installed base typically means that there is a good network of maintenance providers locally and a lot of experience with turbines in the relevant market. So this can give comfort when making new investments.
Adam Wentworth, Communications Officer, RenewableUK
In recent months, we have seen a number of European reports detailing new figures for installed capacity and generation across the continent. In the UK, we have seen record amounts of electricity generated over the past year, and last month wind power produced a new high of 14% of Britain's electricity needs.
These figures are important for a number of reasons. We need to be able to convey the successes achieved by our industry to as wide an audience as possible.
There are many people, including some of our most important politicians, who can play a crucial role in wind energy's future. These reports provide a solid base, which we can use to show not only how far we have come in a relatively short time, but what we could achieve in the future, by providing information about the pipeline of projects under construction or consented.
When it comes to highlighting our achievements to the public, it is important to put the statistics in terms that can be readily understood: wind powers over seven million UK homes, offsetting more than 12.5 million tonnes of carbon emissions a year.
Job numbers are important too – more than 32,000 people in the UK rely on wind for their livelihoods. These evidence-based figures build the case for accelerating the deployment of wind energy in the UK.