Oil & Gas - Douglas-Westwood
Oil & Gas - Douglas-Westwood
Oil & Gas - Douglas-Westwood
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Offshore windpower: activity surge underway<br />
ty GW<br />
In nstalled capacit<br />
2.5<br />
2.0<br />
1.5<br />
1.0<br />
0.5<br />
Others<br />
UK<br />
Netherlands<br />
Germany<br />
Finland<br />
Denmark<br />
Belgium<br />
• 8.7 GW to be installed 2010-14<br />
• UK 3.6 GW<br />
• Germany 3 GW<br />
• Denmark 0.9 GW<br />
• Belgium 0.6 GW<br />
• Others 0.3 GW<br />
0.0<br />
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014<br />
Source: <strong>Douglas</strong>-<strong>Westwood</strong><br />
• >2,000 turbines to be installed in next five years<br />
• UK the world’s leading market and R3 planned<br />
• >5,000 turbines<br />
• GE to invest US$454 million in Europe (1/3 in a UK factory)<br />
• China emerging (and exporting monopiles)<br />
33