PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Incentives and Subsidies Blow the Revenue Graph Northward in the Western European Wind Power Market - New analysis from Frost & Sullivan, Western European Wind Power Market, estimates the market to earn revenues of 9,107USD million in 2006 and estimates this to reach 15,104USD million in 2013
Incentives and Subsidies Blow the Revenue Graph Northward in the Western European Wind Power Market

 

NewswireToday - /newswire/ - London, United Kingdom, 2007/09/12 - New analysis from Frost & Sullivan, Western European Wind Power Market, estimates the market to earn revenues of 9,107USD million in 2006 and estimates this to reach 15,104USD million in 2013.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Germany, playing the pied piper, heralded a new era in renewable energy by introducing meticulously planned energy policies and robust Government support for the wind power market. The Western European market registered a stunning growth rate of 18.3 per cent in cumulative installed capacity in 2006, largely thanks to German feed-in tariffs and their Spanish equivalent.

New analysis from Frost & Sullivan (energy&power.frost.com), Western European Wind Power Market, estimates the market to earn revenues of 9,107USD million in 2006 and estimates this to reach 15,104USD million in 2013.

“Ever since Germany passed the Renewable Energy Act in 2000 and amended it in 2004, there has been no looking back for the Western European wind power market,” notes Frost & Sullivan Research Director Harald Thaler. “The Act relating to the purchase of renewable energy for four times the market rate made German wind installations soar and catapulted Germany to the top slot in the global wind market.”

Twenty other European Union (EU) member states were quick to follow in Germany’s footsteps by offering a range of financial incentives including investment grants and premium tariffs. These measures were necessitated by governments’ eagerness to allay the effects of skyrocketing oil prices, meet the stringent environmental regulations and ensure energy security

The 2001 EU directive on renewable energy requires each member state to achieve a set percentage of renewable energy in their power supply by 2010. For electricity supply, the overall European target is for 21 per cent.

“These ambitious targets push for even stronger support mechanisms and funding programmes that include incentives such as soft loans, tax benefits and subsidies such as feed in tariffs and green certificates,” notes Thaler. “In addition, member states have established direct investment mechanisms through grants and schemes that have strengthened the manufacturing base of the wind industry.”

However, the wind power market has a long way to go before it catches up with the more established fossil-fired generation market in terms of capacity of plants and market penetration. This is partly due to the inadequate supply of essential components, rising installation costs and over-dependence on subsidies.

The huge gap in demand-supply of essential materials is driving up material costs, thereby threatening manufacturers’ margins. Nevertheless, manufacturers can offset this issue to a certain extent by repowering or upgrading their plants for capacity addition and thereby, boosting production.

“Long-term government incentives and installation rebate supports are expected to help wind power participants meet the heavy capital required for production and installation,” observes Thaler. “To become independent of government subsidies, the market has to implement intense end-user marketing and increased output to match conventional fuels.”

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Western European Wind Power Market, send an email to Chiara Carella, Corporate Communications at chiara.carella[.]frost.com with your full name, company name, title, telephone number, email address, city, state, and country. We will send you an overview through email upon receipt of the above information.

Western European Wind Power Market is part of the Energy & Power Growth Partnership Service, which also includes research on the following markets: renewable energy, steam and gas turbines, boilers & HRSG, cogeneration, generating sets, fuel cells, power plant services, energy rental, air pollution control equipment, and others. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Metropolitan Area

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Incentives and Subsidies Blow the Revenue Graph Northward in the Western European Wind Power Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Chiara Carella 
+44 (0) 20 7343 8314 chiara.carella[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

PJB Spearheads Digital Energy for Indonesia with Deployment of GE Digital Power Plant Software
GE and Maersk Drilling Accelerate their Digital Partnership to Drive Industry Transformation
GE to Provide Digitally-enabled HA Power Plant and Services for Mexico's Tierra Mojada Project
Cisco and Enel Sign Agreement on Digitisation and Innovative Services
Enel and Seedstars Sign Cooperation Agreement to Identify Innovative Energy Access Startups in Africa
ENGIE Launches its First Ephemeral Campus
Enel Signs Agreement with US Company Amber Kinetics on Innovative Flywheel Storage System
Alternative Fuels, Carrefour and ENGIE are Joining Forces to Develop Biomethane in France
GE Renewable Energy and Fortum Sverige AB Sign Digital Hydro Pilot Agreement
GE Renewable Energy Announces Agreement to Provide Cube Hydro with Aerating Turbines
GE Oil & Gas and Eni East Africa Sign Long-term Partnership to Develop Gas Resources Offshore of Mozambique
RWE Turns to GE to Improve Flexibility and Performance
Liquefied Gas Pump Market to Record an Exponential CAGR by 2026 According to Persistence Market Research
GE and Solairedirect India Partner for the Next 25 Years
ENGIE Wins Major Contract with Transport for London

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)