Interest in Wind Energy in Eastern Europe and Russia Rises

Wind Industry Profile of

An auction-triggered awakening in Poland and a growing confidence in developers' ability to comply with local content requirements in Russia led to a 17% wind power capacity increase QoQ in Eastern Europe and Russia, according to new research from Wood Mackenzie.

This increase influenced a 3.1GW upgrade in Europe QoQ, as noted in Wood Mackenzie's 'Global Wind Power Market Outlook Update: Q3 2019'. However, undersubscription of the last two onshore wind tenders in Germany resulted in a 3% downgrade in Western Europe QoQ. All other European sub-regions were upgraded this quarter. This was underpinned by a 3% elevation in North Europe, headlined by improved policy visibility in Ireland (+666MW) and continued investment in Finland (+426MW). 15 of the top 20... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood Mackenzie, Europe, east, Russia, outlook, developer, wind energy, installtion, auction, Poland, market, India, Germany