Wind Power in Germany, Market Outlook to 2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations and Company Profiles

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 5

1.2 List of Figures 6

2 Executive Summary 8

2.1 Global Carbon Emissions Increased by 1.4% in 2017 8

2.2 Reduced Cost of Electricity Generation and Government Support Driving Global Renewable Power Installations 8

2.3 Auctions to boost wind power capacity additions 9

2.4 Top 10 Countries Account for Over 84% of Global Wind Power Capacity 9

2.5 Renewable Power Dominates Germany's Power Mix 11

3 Introduction 12

3.1 Carbon Emissions, Global, 2001-2017 12

3.2 Primary Energy Consumption, Global, 2001-2030 15

3.3 Wind Power, Global, Technology Definition and Classification 16

3.4 Wind Power Market, Technology Overview 16

3.5 Wind Power Market, Turbine Components 16

3.6 Report Guidance 18

4 Renewable Power Market, Global, 2006-2030 19

4.1 Renewable Power Market, Global, Overview 19

4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 20

4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 20

4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2017 and 2030 22

4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2017-2030 24

4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2017-2030 25

4.3 Renewable Power Market, Global, Power Generation, 2006-2030 26

4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 26

4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2017-2030 28

4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources 29

5 Wind Power Market, Global, 2006-2030 32

5.1 Wind Power Market, Global, Overview 32

5.2 Wind Power Market, Global, Installed Capacity, 2006-2030 34

5.2.1 Wind Power Market, Global, Installed Capacity Share by Region, 2006-2030 36

5.2.2 Wind Power Market, Global, Installed Capacity Share by Country, 2017 37

5.2.3 Wind Power Market, Global, Installed Capacity Share by Segment, 2017 and 2030 38

5.3 Wind Power Market, Global, Power Generation, 2006-2030 39

5.3.1 Wind Power Market, Global, Generation Share by Region, 2017 and 2030 41

5.3.2 Wind Power Market, Global, Generation Share by Country, 2017 and 2030 42

5.3.3 Wind Power Market, Global, Generation Share by Segment, 2017 and 2030 43

5.4 Wind Power Market, Global, Drivers and Restraints 44

5.4.1 Wind Power Market, Global, Key Drivers 44

5.4.2 Wind Power Market, Global, Key Restraints and Challenges 47

5.5 Wind Power Market, Global, Key Trends 50

5.5.1 Global Wind Power Market Consolidation Activity to Increase 50

5.5.2 Auctions to boost wind power capacity additions 50

5.5.3 Increased Preference for Large-Scale Installations 53

5.5.4 Offshore Wind Market Development to Gain Momentum during the Forecast Period 53

5.6 Wind Power Market, Global, Average Turbine Size, 2006-2030 54

5.7 Wind Power Market, Global, Influences on Economy and Environment 55

5.8 Wind Power Market, Global, Manufacture and Trade 58

5.9 Wind Power Market, Global, Investment Trends 61

6 Power Market, Germany, 2006-2030 63

6.1 Power Market, Germany, Overview 63

6.2 Power Market, Germany, Installed Capacity, 2006-2030 63

6.2.1 Power Market, Germany, Cumulative Installed Capacity by Fuel Type, 2006-2030 63

6.2.2 Power Market, Germany, Share in Cumulative Installed Capacity Split by Source Type, 2017 and 2030 66

6.2.3 Power Market, Germany, Net Capacity Additions by Fuel Type, 2017 and 2030 67

6.2.4 Power Market, Germany, Comparison of Technologies Based on Installed Capacity, 2017-2030 69

6.3 Power Market, Germany, Power Generation, 2006-2030 70

6.3.1 Power Market, Germany, Power Generation by Fuel Type, 2006-2030 70

6.3.2 Power Market, Germany, Comparison of Technologies Based on Power Generation, 2017-2030 73

7 Renewable Power Market, Germany, 2006-2030 75

7.1 Renewable Power Market, Germany, Overview 75

7.2 Renewable Power Market, Germany, Installed Capacity, 2006-2030 75

7.2.1 Renewable Power Market, Germany, Cumulative Installed Capacity by Source Type, 2006-2030 75

7.2.2 Renewable Power Market, Germany, Cumulative Installed Capacity Split by Source Type, 2017 and 2030 78

7.2.3 Renewable Power Market, Germany, Net Capacity Additions by Source Type, 2017-2030 79

7.2.4 Renewable Power Market, Germany, Comparison of Renewable Power Sources Based on Installed Capacity, 2017-2030 81

7.3 Renewable Power Market, Germany, Power Generation, 2006-2030 83

7.3.1 Renewable Power Market, Germany, Power Generation by Source Type, 2006-2030 83

7.3.2 Renewable Power Market, Germany, Comparison of Renewable Power Sources Based on Power Generation, 2017-2030 86

8 Wind Power Market, Germany 88

8.1 Wind Power Market, Germany, Overview 88

8.2 Wind Power Market, Germany, Installed Capacity, 2006-2030 90

8.2.1 Wind Power Market, Germany, Installed Capacity and Share by State, 2017 93

8.2.2 Wind Power Market, Germany, Cumulative Installed Capacity Split by Onshore and Offshore Wind, 2006-2030 95

8.2.3 Wind Power Market, Germany, Installed Offshore Capacity Share by Owner (%), 2017 97

8.2.4 Wind Power Market, Germany, Installed Offshore Capacity Share by Developer (%), 2017 98

8.3 Wind Power Market, Germany, Power Generation, 2006-2030 99

8.4 Wind Power Market, Germany, Drivers and Restraints 101

8.4.1 Wind Power Market, Germany, Key Drivers 101

8.4.2 Wind Power Market, Germany, Key Restraints and Challenges 102

8.5 Wind Power Market, Germany, Average Turbine Size 103

8.6 Wind Power Market, Germany, Influences on Economy and Environment 104

8.7 Wind Power Market, Germany, Manufacture and Trade 106

8.8 Wind Power Market, Germany, Project Based Analysis, 2017 109

8.8.1 Wind Power Market, Germany, Major Active Plants, 2017 109

8.8.2 Wind Power Market, Germany, Upcoming Projects, 2017 111

8.8.3 Wind Power Market, Germany, Key Under-construction Projects, 2017 112

8.9 Wind Power Market, Germany, Deal Analysis, 2017 113

8.9.1 Wind Power Market, Germany, Deal Volume vs. Deal Value, 2006-2017 113

8.9.2 Wind Power Market, Germany, Split by Deal Type, 2017 115

8.10 Wind Power Market, Germany, Investment Trends, 2006-2025 116

9 Renewable Energy Market, Regulatory Scenario, Germany 118

9.1 Renewable Energy Market, Overview 118

9.2 Energy Act 118

9.3 National Renewable Energy Action Plan 119

9.4 Target Grid 2050 Concept 119

9.5 Renewable Energy Sources Act, 2017 119

9.5.1 Onshore wind energy auctions 120

9.5.2 Offshore wind energy auctions 121

9.5.3 Photovoltaics auctions 122

9.5.4 Biomass auctions 124

9.5.5 Market Premium 125

9.6 Offshore Development Plan 125

9.7 Offshore Wind Act 2017 126

9.8 Emission Trading Scheme 126

9.9 Initiatives to Reduce Greenhouse and Carbon Dioxide Emissions 127

9.10 Tenants' Solar Power Supply 127

9.11 Cross Border Auctions 127

9.12 New Procedures for Joint Auctions for Onshore Wind and Solar Power 128

9.13 Law on Energy and Climate fund 128

9.14 Sixth Energy Research Program 128

9.15 Subsidy for Solar PV with Storage Installations 128

9.16 Feed-in Tariff for Geothermal 129

9.17 Feed-in Tariff for Solar PV under the EEG 129

9.18 Feed-in Tariff for Wind Power under EEG 129

9.19 Feed-in Tariff for Hydropower under EEG 130

9.20 Renewable Energies Heat Act 130

9.21 Market Incentive Program 130

9.22 KfW Renewable Energy Program 131

9.22.1 KfW Program for Offshore Wind Energy 131

9.23 Biofuel Sustainability Ordinance 131

9.24 Biofuel Quota 132

9.25 Biogas Subsidy 132

9.25.1 Flexibility Premium 132

9.25.2 Flexibility Surcharge 132

10 Wind Power Market, Germany, Company Profiles 133

10.1 Company Snapshot: Windland Energieerzeugungs GmbH 133

10.1.1 Windland Energieerzeugungs GmbH-Company Overview 133

10.1.2 Windland Energieerzeugungs GmbH-Head Office 133

10.2 Company Snapshot: Vattenfall AB 133

10.2.1 Vattenfall AB-Company Overview 133

10.2.2 Vattenfall AB-Business Description 133

10.2.3 Vattenfall AB-SWOT Analysis 134

10.2.4 Vattenfall AB-Major Products and Services 136

10.2.5 Vattenfall AB-Head Office 137

10.3 Company Snapshot: RWE AG 137

10.3.1 RWE AG-Company Overview 137

10.3.2 RWE AG-Business Description 137

10.3.3 RWE AG-SWOT Analysis 137

10.3.4 RWE AG-Major Products and Services 140

10.3.5 RWE AG-Head Office 140

10.4 Company Snapshot: Ocean Breeze GmbH & Co. KG 141

10.4.1 Ocean Breeze GmbH & Co. KG-Company Overview 141

10.4.2 Ocean Breeze GmbH & Co. KG-Major Products and Services 141

10.4.3 Ocean Breeze GmbH & Co. KG-Head Office 141

10.5 Company Snapshot: EWE Aktiengesellschaft 142

10.5.1 EWE Aktiengesellschaft-Company Overview 142

10.5.2 EWE Aktiengesellschaft-Business Description 142

10.5.3 EWE Aktiengesellschaft-SWOT Analysis 142

10.5.4 EWE Aktiengesellschaft-Major Products and Services 144

10.5.5 EWE Aktiengesellschaft-Head Office 145

10.6 Company Snapshot: ENOVA Energieanlagen GmbH 145

10.6.1 ENOVA Energieanlagen GmbH-Company Overview 145

10.6.2 ENOVA Energieanlagen GmbH-Major Products and Services 145

10.6.3 ENOVA Energieanlagen GmbH-Head Office 145

10.7 Company Snapshot: ENERTRAG Aktiengesellschaft 146

10.7.1 ENERTRAG Aktiengesellschaft-Company Overview 146

10.7.2 ENERTRAG Aktiengesellschaft-Major Products and Services 146

10.7.3 ENERTRAG Aktiengesellschaft-Head Office 147

10.8 Company Snapshot: E.ON SE 147

10.8.1 E.ON SE-Company Overview 147

10.8.2 E.ON SE-Business Description 147

10.8.3 E.ON SE-SWOT Analysis 148

10.8.4 E.ON SE-Major Products and Services 151

10.8.5 E.ON SE-Head Office 151

10.9 Company Snapshot: Allianz Capital Partners GmbH 152

10.9.1 Allianz Capital Partners GmbH-Company Overview 152

10.9.2 Allianz Capital Partners GmbH-Head Office 152

11 Appendix 153

11.1 Abbreviations 153

11.2 Bibliography 153

11.3 Market Definitions 154

11.4 Methodology 155

11.5 Coverage 155

11.5.1 Secondary Research 155

11.5.2 Primary Research 155

11.5.3 Modeling and Forecasting 156

11.6 Contact Us 156

11.7 Disclaimer 156

1.2 List of Figures

Figure 1: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2017 10

Figure 2: Wind Power Market, Global, Cumulative Installed Capacity Share by Source Type (%), 2017 11

Figure 3: Carbon-di-oxide Emissions from Energy Consumption, Global (GT), 2001-2017 13

Figure 4: Primary Energy Consumption, Global (Mtoe), 2001-2030 15

Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 20

Figure 6: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2017 and 2030 22

Figure 7: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2017-2030 24

Figure 8: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2017-2030 25

Figure 9: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 26

Figure 10: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2017-2030 28

Figure 11: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources (USD /kWh), 2017 30

Figure 12: Wind Power Market, Global, Snapshot 32

Figure 13: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 34

Figure 14: Wind Power Market, Global, Cumulative Installed Capacity (GW), by Region, 2006- 2030 36

Figure 15: Wind Power Market, Global, Installed Capacity(GW) by Country, 2017 37

Figure 16: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2017 and 2030 38

Figure 17: Wind Power Market, Global, Power Generation (TWh), 2006-2030 39

Figure 18: Wind Power Market, Global, Generation Share by Region (%), 2017 and 2030 41

Figure 19: Wind Power Market, Global, Generation Share by Country (%), 2017 and 2030 42

Figure 20: Wind Power Market, Global, Generation Share by Segment (%), 2017 and 2030 43

Figure 21: Wind Power Market, Global, Power Consumption (TWh), 2006-2030 44

Figure 22: Wind Power Market, Global, Auction, 2017 51

Figure 23: Wind Power Market, Global, Share of Offshore Wind in Cumulative Capacity (%), 2017-2030 53

Figure 24: Wind Power Market, Global, Average Turbine Size (MW), 2006-2030 54

Figure 25: Wind Power Market, Global, CO2 Emission Reduction (MW), 2006-2030 56

Figure 26: Wind Power Market, Global, Number of Jobs (Thousands), 2012-2017 57

Figure 27: Wind Power Market, Global, Turbine Market Share (%), 2017 58

Figure 28: Wind Power Market, Global, Turbine Market Share (%), 2010-2017 59

Figure 29: Wind Power Market, Global, Investment (USD bn), 2006-2025 61

Figure 30: Power Market, Germany, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 64

Figure 31: Power Market, Germany, Cumulative Installed Capacity Split by Source Type (%), 2017 and 2030 66

Figure 32: Power Market, Germany, Net Capacity Additions by Fuel Type(MW), 2017 and 2030 68

Figure 33: Power Market, Germany, Comparison of Technologies Based on Installed Capacity, 2017-2030 69

Figure 34: Power Market, Germany, Power Generation by Fuel Type (GWh), 2006-2030 71

Figure 35: Power Market, Germany, Comparison of Technologies Based on Power Generation, 2017-2030 73

Figure 36: Renewable Power Market, Germany, Cumulative Installed Capacity by Source Type (MW), 2006-2030 76

Figure 37: Renewable Power Market, Germany, Cumulative Installed Capacity Split by Source Type (%), 2017 and 2030 78

Figure 38: Renewable Power Market, Germany, Net Capacity Additions by Source Type (MW), 2017-2030 80

Figure 39: Renewable Power Market, Germany, Comparison of Renewable Power Sources Based on Installed Capacity, 2017-2030 82

Figure 40: Renewable Power Market, Germany, Power Generation by Source Type (GWh), 2006-2030 84

Figure 41: Renewable Power Market, Germany, Comparison of Renewable Power Sources Based on Power Generation, 2017-2030 86

Figure 42: Wind Power Market, Germany, Snapshot 88

Figure 43: Wind Power Market, Germany, Key Milestones 89

Figure 44: Wind Power Market, Germany, Installed Capacity (MW), 2006-2030 91

Figure 45: Wind Power Market, Germany, Cumulative Onshore Installed Capacity (MW) and Share(%) by State, 2017 93

Figure 46: Wind Power Market, Germany, Cumulative Offshore Cumulative Installed Capacity (MW) and Share(%) by Sea, 2017 94

Figure 47: Wind Power Market, Germany, Cumulative Installed Capacity by Technology (MW), 2006-2030 95

Figure 48: Wind Power Market, Germany, Installed Offshore Capacity by Owner (%), 2017 97

Figure 49: Wind Power Market, Germany, Installed Offshore Capacity by Developer (%), 2017 98

Figure 50: Wind Power Market, Germany, Power Generation (GWh), 2006-2030 99

Figure 51: Wind Power Market, Germany, Average Turbine Size(MW), 2006-2025 103

Figure 52: Wind Power Market, Germany, CO2 Emissions Reductions (MT), 2006-2025 104

Figure 53: Wind Power Market, Germany, Number of Jobs (Thousands), 2012-2017 105

Figure 54: Wind Power Market, Germany, Turbine Market Share (%), 2017 106

Figure 55: Wind Power Market, Germany, Turbine Market Share (%), 2010-2017 107

Figure 56: Wind Power Market, Germany, Exports and Imports, 2006-2017 108

Figure 57: Wind Power Market, Germany, Upcoming Projects, 2017 111

Figure 58: Wind Power Market, Germany, Deal Volume vs. Deal Value (USD m), 2006-2017 113

Figure 59: Wind Power Market, Germany, Split by Deal Type (%), 2017 115

Figure 60: Wind Power Market, Germany, Investment (USD bn), 2006-2025 116

1.1 List of Tables

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (GT), 2001-2017 14

Table 2: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 21

Table 3: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2017 and 2030 23

Table 4: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2017-2030 24

Table 5: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2017-2030 25

Table 6: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 27

Table 7: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2017-2030 29

Table 8: Renewable Power Market, Global, Assumptions for LCOE Calculation 29

Table 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources (USD /kWh), 2017 31

Table 10: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 35

Table 11: Wind Power Market, Global, Power Generation (TWh), 2006-2030 40

Table 12: Wind Power Market, Global, Renewable Energy Targets 45

Table 13: Wind Power Market, Global, Auction, 2009-2017 51

Table 14: Wind Power Market, Global, Turbine Market Share (%), 2010-2017 60

Table 15: Wind Power Market, Global, Investment (USD bn), 2006-2025 62

Table 16: Power Market, Germany, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 65

Table 17: Power Market, Germany, Cumulative Installed Capacity Split by Source Type (%), 2017 and 2030 67

Table 18: Power Market, Germany, Net Capacity Additions by Fuel Type(MW), 2017 and 2030 68

Table 19: Power Market, Germany, Comparison of Technologies Based on Installed Capacity, 2017-2030 70

Table 20: Power Market, Germany, Power Generation by Fuel Type (GWh), 2006-2030 72

Table 21: Power Market, Germany, Comparison of Technologies Based on Power Generation, 2017-2030 74

Table 22: Renewable Power Market, Germany, Cumulative Installed Capacity by Source Type (MW), 2006-2030 77

Table 23: Renewable Power Market, Germany, Cumulative Installed Capacity Split by Source Type (%), 2017 and 2030 79

Table 24: Renewable Power Market, Germany, Net Capacity Additions by Source Type (MW), 2017-2030 80

Table 25: Renewable Power Market, Germany, Comparison of Renewable Power Sources Based on Installed Capacity, 2017-2030 82

Table 26: Renewable Power Market, Germany, Power Generation by Source Type (GWh), 2006-2030 85

Table 27: Renewable Power Market, Germany, Comparison of Renewable Power Sources Based on Power Generation, 2017-2030 87

Table 28: Wind Power Market, Germany, Installed Capacity (MW), 2006-2030 92

Table 29: Wind Power Market, Germany, Cumulative Installed Capacity by Technology (MW), 2006-2030 96

Table 30: Wind Power Market, Germany, Power Generation (GWh), 2006-2030 100

Table 31: Renewable Energy Feed-in Tariff, Germany, Wind Power, 2017 102

Table 32: Wind Power Market, Germany, Major Active Plants, 2017 109

Table 33: Wind Power Market, Germany, Upcoming Projects, 2017 111

Table 34: Wind Power Market, Germany, Key Under-construction Projects, 2017 112

Table 35: Wind Power Market, Germany, Deal Volume vs. Deal Value (USD m), 2006-2017 114

Table 36: Wind Power Market, Germany, Deals by Type, 2017 115

Table 37: Wind Power Market, Germany, Investment Trends (USD bn), 2006-2025 117

Table 38: Expansion Corridor Targets, Germany, 2020-2050 120

Table 39: Results of onshore wind energy auctions conducted in 2017 121

Table 40: Results of offshore wind energy auctions conducted in 2017 122

Table 41: Results of photovoltaics auctions conducted in 2017 123

Table 42: Results of photovoltaics auctions conducted in 2016 123

Table 43: Results of photovoltaics auctions conducted in 2015 124

Table 44: Tender Rules and Legal Requirements, Germany 125

Table 45: Renewable Energy Feed-in Tariff, Germany, Solar Power, 2017 129

Table 46: Renewable Energy Feed-in Tariff, Germany, Wind Power, 2017 129

Table 47: Renewable Energy Feed-in Tariff, Germany, Hydropower, 2017 130

Table 48: Vattenfall AB, Major Products and Services 136

Table 49: RWE AG, Major Products and Services 140

Table 50: Ocean Breeze GmbH & Co. KG, Major Products and Services 141

Table 51: EWE Aktiengesellschaft, Major Products and Services 144

Table 52: ENOVA Energieanlagen GmbH, Major Products and Services 145

Table 53: ENERTRAG Aktiengesellschaft, Major Products and Services 146

Table 54: E.ON SE, Major Products and Services 151

Table 55: Abbreviations 153

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Windland Energieerzeugungs GmbH

Vattenfall AB

RWE AG

Ocean Breeze GmbH & Co. KG

EWE Aktiengesellschaft

ENOVA Energieanlagen GmbH

ENERTRAG Aktiengesellschaft

E.ON SE

Allianz Capital Partners GmbH

Germany, Power, Market, Capacity, Generation, Regulations, Company, Profile, Financial Performance, Indicators, SWOT, Strengths, Weakness, Opportunity, Threats, Carbon Emissions, GHG, Electricity, Compound Annual Growth Rate, CAGR, Clean Development Mechanism, Compressed Natural Gas, Capacity Utilization Factor, Feed-in Tariff, Green House Gas, Gigawatt, Gigawatt hour, kilowatt, Kilowatt hour, kWh, kW, million, Million Metric Tons, MMT, Mtoe, Million Tons of Oil Equivalent, MW, Megawatt, MWh, Megawatt hour, Photovoltaic, Renewable, Terawatt hours, TWh, Wind, Biopower, hydropower, small hydro, pump storage, thermal, nuclear, renewable energy, renewables, policy, Regulatory Framework, Middle East and Africa, Global, additions, Cumulative Installed Capacity, Deal Analysis, Asset Finance, Value, Volume, Acquisition, Private Equity, Partnerships, manufacturers, owners, developers, comparison, debt, owner share, Engineering, Procurement, Construction, Operation, Maintenance, Capital, Expenditure, driver, restraint, challenge