The renewable energy sector in Denmark has been growing strongly facilitated largely by the developments in the wind energy market. Major government initiatives and strong potential for wind power generation has played a major role in attracting investments in this segment. A growing electricity export market coupled with the energy targets to be met through wind power is expected to boost the market.
The report begins with an overview of the wind power industry in the European Union indicating the installed capacity, growth and the electricity generated as well as the future growth expected in the market. Denmark’s current and future wind power scenario has been covered including installed capacity, electricity production mix and the forecasted growth based on energy targets. An analysis of the key characteristics of the market explains factors contributing to the huge potential based on the high penetration levels, streamlined planning process, major offshore grid capabilities, booming wind turbine market, strong opportunities in developing offshore wind farm capabilities, taxation process, cost advantages which has been attracting players, and the major energy export market.
The government regulations have been highlighted which includes regulations for onshore and offshore wind farm development. The major government programmes and initiatives forwarded towards the development of the industry including research and development initiatives, a Visionary Danish Energy Policy 2025, Wind Turbine Re-powering Programme, agreement on Danish Energy Policy for 2008-2011, special subsidies granted to wind-based power generation projects, the Danish Consortium for Wind Energy Research and the European Union’s Renewable Energy Directive for 2020 have been discussed.
Competition section profiles of the major players in the market. The section contains a snapshot of the corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.