Wood Mackenzie Predicts Steady Growth for Eastern European Onshore Wind

Auction mechanisms and emerging markets boost market growth by more than twofold

Onshore wind energy in Eastern Europe, Russia and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables. The latest Eastern Europe Onshore Wind Market Outlook 2018 reports 16GW of new onshore wind capacity that will be added in the region over the next 10 years. “The development will be largely driven by the implementation of auction schemes in Russia and Kazakhstan and proposed auctions in Poland and Ukraine,” said lead author Sohaib Malik, market analyst. Wind power auctions have fast become a favoured policy tool of Eastern European countries as they follow a... ... More: Official Press Release Wood Mackenzie

Keywords:

East Europe, Asia, Russia, auction, wind energy, onshore, growth, market, Poland, Ukraine, Kazakhstan