Wind energy market

WIND ENERGY MARKETToplanti #8

Onur C YILMAZ – Dogukan KUCUKSAHIN – Dilara CELIK

FOREWORD

• Cumulative as of the end of 2012: 282.5 GW in the world.

• 8.4 GW installed in the US in the fourth quarter of 2012.

• Three major markets:

• Europe

• The United States

• China

FOREWORD (2)

• GWEC: “Our industry is becoming increasingly mainstream and increasingly competitive in an ever-expanding number of markets.”

• The report includes 79 countries‟ annual reports and 24 of these countries have more than 1000 MW installed.

• The report can be reached at: „http://www.gwec.net/wp-content/uploads/2012/06/Annual_report_2012_LowRes.pdf‟

GLOBAL INSTALLED WPC (MW)

GLOBAL INSTALLED WPC (MW) (2)

TOP 10 CUMULATIVE CAPACITY

MARKET FORECAST 2013-2017

ANNUAL MARKET FORECAST BY REGION

CUMULATIVE MARKET FORECAST BY REGION

EUROPE

• During 2012, 12,744 MW of wind power installed across Europe.

• Investment for onshore wind farms attracted from $12.2 to $16.3 billion, while offshore wind farms accounted for $4.4 to $6.1 billion.

• Of the 12,744 MW installed in Europe, 10,729 MW were installed onshore and 1,166 MW offshore.

• Offshore industry has grown 35%, and 3.3 GW of new offshore capacity will be grid connected through 2013-2014.

EUROPE (2)

• Germany was the largest market in 2012 adding 2,415 MW of new capacity.

• UK was the second with 1,897 MW, including 854 MW offshore.

• Italy (1,273 MW), Spain (1,122 MW), Romania (923 MW), Poland (880 MW) and Sweden (846 MW).

• Total European Union Wind Installed Capacity will produce 231 TWh of electricity (in an average wind year), enough to meey 7% of overall EU electrcitiy.

PR CHINA – TOTAL INSTALLED WIND CAPACITY

PR CHINA

• 27% of total wind industry

• Cumulatively, leader in the wind industry with a total of 75.32 GW

• Annual market in 2012, China (12.96 GW) is ceded it‟s No.1 position to the US (13.1 GW)

TOP 10 MANUFACTURERS IN CHINESE WIND MARKET 2012

UNITED STATES

• A record year for wind energy development with 13,124 MW.

• More than $25 billion was invested in new wind peojects in the US.

US WIND PROJECTS

US WIND PROJECTS BY STATE

GLOBAL OFFSHORE

TURKEY

• Turkey added 506 MW of new wind power in 2012 for a total capacity of 2,312 MW.

• The total capacity has grown by 500 MW per year since 2010.

• The National Transmission Company expects annual installations to reach 1,000 MW per year from 2013 onwards.

• Within the next 10 years, 10.5 GW will be reached with the current regulatory.

TURKEY (2)

• Turkey‟s best wind resources are located particularly in the Canakkale, Izmir, Balikesir, Hatay and Istanbul provinces.

• Marmara region has the highest installed wind capacity with a total of 023.65 MW, followed by Aegean region with 857 MW and the Mediterranean region with 384.50 MW.

TURKEY (3)

TURKEY – TOTAL INSTALLED CAPACITY

TURKEY - POLICY

• A renewable energy support scheme was introduced in Turkey in 2005.

• Following the amendment of the law in 2010, the feed-in tariff was set $7.3 cent/kWh for wind power for a period of ten years, with a bonus for using locally manufactured components of $ 0.6 - $1.3 cent for five years.

• Turkish Government provides other measures to promote wind energy development, notably priority access to grid, facilitation and discounts for obtaining leases and authorization to use state owned land. Also, most restrictions on foreign investment in the Turkish power sector have been lifted.

• The electricity market regulation has been revised and will take effect on April 2013.