Record 2015 in Europe predicted

EUROPE: Analyst firm Make Consult believes the European market will increase by 8.7% in 2015 as policy changes lead to a rush in installations.

Make expects Germany to have a record year
Make expects Germany to have a record year

In its European market outlook 2015, Make said Europe would break the 2014 installation record of 13GW, with a further 14.2GW added this year.

Germany, Sweden, France, Austria, Ireland and Finland will set new growth records, the analysis predicted.

Make said the increase would be put down to regulatory changes in northern Europe causing a rush to install.

Changes include Germany moving ever closer towards an auction-based system and anti-onshore legislation being introduced in the UK.

Make predicts 144GW of capacity will be added to Europe's wind total from 2015 to 2024, with more than 61% of that in northern Europe.

However, after 2020 demand will fall and Make expects the compound annual growth rate for the ten years to be -2.4% in northern Europe.

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