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Wind Power in Norway, Market Outlook to 2025 Capacity, Generation, Market Share, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

Published By :

GlobalData

Published Date : Nov 2012

Category :

Wind Power

No. of Pages : 131 Pages


Wind Power in Norway, Market Outlook to 2025 Capacity, Generation, Market Share, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

Summary

"Wind Power in Norway, Market Outlook to 2025 Capacity, Generation, Market Share, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind power market in Norway. The report provides in depth analysis on global renewable power market and global wind power market with forecasts up to 2025. The report analyzes the power market scenario in Norway (includes thermal conventional, nuclear, large hydro and renewables) and provides future outlook with forecasts up to 2025. The research details renewable power market outlook in the country (includes wind, small hydro, biopower and solar PV) and provides forecasts up to 2025. The report highlights installed capacity and power generation trends from 2001 to 2025 in Norway wind power market. The research analyzes market segmentation by onshore and offshore wind, installed capacity split by state or province, market share of wind turbine manufacturers, average project size (2006-2011), investment trends and LCOE for wind power in Norway during 2011-2025. The report provides information on the amount of carbon saved (in million tons) and average number of homes powered by wind power during 2001-2025. A detailed coverage of renewable energy policy framework governing the market with specific policies pertaining to wind power development in Norway is provided in the report. The research also provides company snapshots of some of the major market participants.

The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalDatas team of industry experts.

Scope

  • The report analyses global renewable power market, global wind power market, Norway power market, Norway renewable power market and Norway wind power market. The scope of the research includes -
  • A brief introduction on global carbon emissions and global primary energy consumption.
  • Historical period is during 2001-2011 (unless specified) and forecast period is for 2012-2025.
  • An overview on global renewable power market, highlighting installed capacity trends, generation trends and installed capacity split by various renewable power sources. 
  • Renewable power sources include wind (includes both onshore and offshore), solar photovoltaic (PV), concentrated solar power (CSP), small hydropower (SHP), biomass, biogas and geothermal.
  • Detailed overview on the global wind power market with installed capacity and generation trends, market segmentation by onshore and offshore wind, installed capacity split by region in 2011, installed capacity split by major wind power countries in 2011, market share of wind turbine manufacturers in 2011, investment trends (2011-2025), global wind turbine trade flow (2001-2011) and detailed cost analysis which includes LCOE comparison among major countries.
  • Power market scenario in Norway and provides detailed market overview, installed capacity and power generation trends by various fuel types (includes thermal conventional, nuclear, large hydro and renewables) with forecasts up to 2025.
  • An overview on Norway renewable power market, highlighting installed capacity trends (2001-2025), generation trends(2001-2025) and installed capacity split by various renewable power sources in 2011. 
  • Detailed overview of Norway wind power market with installed capacity and generation trends, market segmentation by onshore and offshore wind, installed capacity split by state or province, market share of wind turbine manufacturers in 2011, investment trends (2011-2025), imports-exports of wind turbines (2001-2011), carbon savings (2001-2025), number of homes powered (2001-2025) and LCOE for wind during 2011-2025.
  • Deal analysis of Norway wind power market. Deals are analyzed on the basis of mergers, acquisitions, partnership, asset finance, debt offering, equity offering, private equity (PE) and venture capitalists (VC).
  • Key policies and regulatory framework supporting the development of renewable power sources in the country in general and wind in particular.
  • Company snapshots of some of the major market participants.

Reasons to buy

  • The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to 
  • Identify key growth and investment opportunities in Norway wind power market. 
  • Facilitate decision-making based on strong historic and forecast data for wind power market.
  • Position yourself to gain the maximum advantage of the industrys growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors business structure, strategy and prospects.
Table of Contents

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8

2 Executive Summary 10
2.1 Global Carbon Emissions Continue to Increase in 2010-2011 after a Slight Dip in 2009 10
2.2 Global Power Market – Increasing Focus on Clean Technologies 10
2.3 Government Support will continue to Foster the Growth of Global Renewable Power Market 10
2.4 Global Wind Power Market will Post Steady Growth during the Forecast Period 11
2.5 Norway Power Market – Hydro power is set to be Dominant during 2012-2025 11
2.6 Norway Renewable Power Market– Rapid Growth Expected During 2012-2025 12
2.7 Norway Wind Power Market– Rapid Growth Expected During 2012-2025 12

3 Introduction 13
3.1 Carbon Emissions, Global, 2001-2011 13
3.2 Primary Energy Consumption, Global, 2001-2025 15
3.3 Report Guidance 16

4 Renewable Power Market, Global, 2001-2025 18
4.1 Renewable Power Market, Global, Overview 18
4.2 Renewable Power Market, Global, Cumulative Installed Capacity, MW, 2001-2025 19
4.3 Renewable Power Market, Global, Power Generation, GWh, 2001-2025 21
4.4 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %, 2011 23
4.5 Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 2011-2025 24
4.6 Renewable Power Market, Global, Comparison among Power Sources 25

5 Wind Power Market, Global, 2001-2025 26
5.1 Wind Power Market, Global, Overview 26
5.2 Wind Power Market, Global, Installed Capacity, MW, 2001-2025 27
5.3 Wind Power Market, Global, Power Generation, GWh, 2001-2025 28
5.4 Wind Power Market, Global, Segmentation by Onshore and Offshore, %, 2011-2025 30
5.5 Wind Power Market, Global, Turbine Market Share, 2011 30
5.6 Wind Power Market, Global, Cumulative Installed Capacity Growth by Region, MW, 2011-2025 35
5.7 Wind Power Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 36
5.8 Wind Power Market, Global, Net Capacity Additions in Major Countries, MW, 2011-2025 37
5.9 Wind Power Market, Global, Comparison between Key Countries 38
5.10 Wind Power Market, Global, Cost Analysis 38
5.10.1 Wind Power Market, Global, Overall Capital Expenditure Split for Wind Farms, 2011 39
5.10.2 Wind Power Market, Global, Major Components Share in the Total Turbine Cost, 2011 40
5.10.3 Wind Power Market, Global, Factors Impacting the Cost of a Project 41
5.11 Wind Power Market, Global, Investment Trends, $m, 2012-2025 41
5.12 Wind Power Market, Global, Average Wind Turbine Size, 2001-2020 42
5.13 Wind Power Market, Global, LCOE in Major Countries, $/kWh, 2011 44
5.14 Wind Power Market, Global, Trade Flow Analysis of Wind Turbine 45
5.15 Wind Power Market, Global, Major Debt Providers, 2011 47

6 Power Market, Norway, 2001-2025 48
6.1 Power Market, Norway, Overview 48
6.2 Power Market, Norway, Cumulative Installed Capacity, MW, 2001-2025 49
6.3 Power Market, Norway, Cumulative Installed Capacity by Fuel Type, MW, 2001-2025 50
6.4 Power Market, Norway, Power Generation by Fuel Type, GWh, 2001-2025 52
6.5 Power Market, Norway, Net Capacity Additions by Source Type, MW, 2011-2025 54
6.6 Power Market, Norway, Comparison of Power Sources, 2011 55

7 Renewable Power Market, Norway, 2001-2025 56
7.1 Renewable Power Market, Norway, Overview 56
7.2 Renewable Power Market, Norway, Cumulative Installed Capacity by Source Type, MW, 2001-2025 56
7.3 Renewable Power Market, Norway, Cumulative Installed Capacity Split by Source Type, %, 2011 and 2025 58
7.4 Renewable Power Market, Norway, Power Generation by Source Type, GWh, 2001-2025 59
7.5 Renewable Power Market, Norway, Net Capacity Additions by Source Type, MW, 2011-2025 61
7.6 Renewable Power Market, Norway, Comparison of Renewable Power Sources, 2011 62
7.7 Renewable Power Market, Norway, LCOE Comparison, $/kWh, 2011 63

8 Wind Power Market, Norway, 2001-2025 64
8.1 Wind Power Market, Norway, Overview 64
8.2 Wind Power Market, Norway, Installed Capacity, MW, 2001-2025 64
8.3 Wind Power Market, Norway, Power Generation, GWh, 2001-2025 66
8.4 Wind Power Market, Norway, Turbine Market Share, %, 2011 68
8.5 Wind Power Market, Norway, Investment Trends, 2012-2025 70
8.6 Wind Power Market, Norway, Export and Import of Turbines, $m, 2007-2011 71
8.7 Wind Power Market, Norway, Carbon Savings, Thousand Tonnes, 2001-2025 71
8.8 Wind Power Market, Norway, Average Number of Homes Powered, 2001-2025 73
8.9 Wind Power Market, Norway, LCOE, $/kWh, 2011-2025 75

9 Wind Power Market, Norway, Deal Analysis 77
9.1 Wind Power Market, Norway, Deal Value vs. Deal Volume, 2004-2011 77
9.2 Wind Power Market, Norway, Split by Deal Type, %, 2011 78
9.3 Wind Power Market, Norway, Asset Finance Deals, Norway Power Market vs. Global, 2007-2011 79

10 Renewable Energy Policy Framework, Norway 80
10.1 Renewable Energy Policy Framework, Norway, Major Policies 80
10.1.1 Electricity Tax 82
10.1.2 Enova SF Fund 82
10.1.3 Renewable Energy and Energy Efficiency Partnership (REEEP) 83
10.1.4 Implementation of the EU's Renewable Energy Directive 83
10.1.5 Clean Energy for the Future (RENERGI) Program 83
10.1.6 European Renewable Directive 84
10.1.7 Energi21 – R&D Strategy for the Energy Sector 84
10.1.8 White Paper on National Climate Policy, 2007 85
10.1.9 The EU Seventh Framework Program for Research 85
10.2 Financial Incentives and Policy Support for Wind Power, Norway 86
10.2.1 Wind Farm Concessions 87
10.2.2 Enova’s Wind Power Program 87
10.2.3 Offshore Energy Act 88

11 Wind Power Market, Norway, Company Analysis 89
11.1 Company Snapshot: Vestas Wind Systems A/S 89
11.1.1 Vestas Wind Systems A/S, Company Overview 89
11.1.2 Vestas Wind Systems A/S, Business Overview 89
11.1.3 Vestas Wind Systems A/S, Major Products and Services 91
11.1.4 Vestas Wind Systems A/S, Key Financial Performance 92
11.1.5 Vestas Wind Systems A/S, SWOT Analysis 92
11.1.6 Vestas Wind Systems A/S, Locations and Subsidiaries 97
11.2 Company Snapshot: Enercon GmbH 101
11.2.1 Enercon GmbH, Company Overview 101
11.2.2 Enercon GmbH, Business Overview 101
11.2.3 Enercon GmbH, Major Products and Services 102
11.2.4 Enercon GmbH, SWOT Analysis 103
11.2.5 Enercon GmbH, Locations and Subsidiaries 108
11.3 Company Snapshot: DONG Energy A/S 110
11.3.1 DONG Energy A/S, Company Overview 110
11.3.2 DONG Energy A/S, Business Overview 110
11.3.3 DONG Energy A/S, Major Products and Services 111
11.3.4 DONG Energy A/S, SWOT Analysis 111
11.3.5 DONG Energy A/S, Locations and Subsidiaries 117
11.4 Company Snapshot: Statkraft AS 119
11.4.1 Statkraft AS, Company Overview 119
11.4.2 Statkraft AS, Business Overview 120
11.4.3 Statkraft AS, Major Products and Services 120
11.4.4 Statkraft AS, SWOT Analysis 121
11.4.5 Statkraft AS, Locations and Subsidiaries 124

12 Appendix 127
12.1 Abbreviations 127
12.2 Market Definitions 127
12.3 Methodology 128
12.3.1 Secondary Research 129
12.3.2 Primary Research 129
12.3.3 Modeling and Forecasting 129
12.3.4 Market Estimates and Assumptions 129
12.3.5 Contact Us 130
12.3.6 Disclaimer 131

List of Table


Table 1: Carbon Emissions, Global, MMT, 2001-2011 14
Table 2: Primary Energy Consumption, Global, Mtoe, 2001-2025 16
Table 3: Renewable Power Market, Global, Installed Capacity by Fuel Type, MW, 20012025 20
Table 4: Renewable Power Market, Global, Power Generation by Fuel Type, GWh, 20012025 22
Table 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %, 20012025 23
Table 6: Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 20112025 24
Table 7: Renewable Power Market, Global, Comparison among Power Sources 25
Table 8: Wind Power Market, Global, Installed Capacity, MW, 20012025 28
Table 9: Wind Power Market, Global, Power Generation, GWh, 20012025 29
Table 10: Wind Power Market, Global, Cumulative Installed Capacity Split by Onshore and Offshore, %, 2011-2025 30
Table 11: Wind Turbine Market, Global, Market Share, %, 2009-2011 32
Table 12: Wind Power Market, Global, Annual Installed Capacity Share by Country, (%), 2010 33
Table 13: Wind Turbine Market, Global, Domestic to International Installations (%), 2011 34
Table 14: Wind Power Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 36
Table 15: Wind Power Market, Global, Net Capacity Additions in Major Countries, MW, 20112025 37
Table 16: Wind Power Market, Global, Capital Expenditure Split for Wind Farms, %, 2011 40
Table 17: Wind Power Market, Global, Major Turbine Component Share in Total Turbine Cost, %, 2011 40
Table 18: Wind Power Market, Global, New Investment, $m, 2012-2025 42
Table 19: Wind Power Market, Global, Average Wind Turbine Size, MW, 2001-2020 43
Table 20: Wind Power Market, Global, LCOE in Major Countries, $/kWh, 2011 44
Table 21: Wind Power Market, Global, Import and Export of Modules, $m, 20072011 45
Table 22: Power Market, Norway, Cumulative Installed Capacity, MW, 20012025 50
Table 23: Power Market, Norway, Cumulative Installed Capacity by Fuel Type, MW, 20012025 51
Table 24: Power Market, Norway, Power Generation by Fuel Type, GWh, 20012025 53
Table 25: Power Market, Norway, Net Capacity Additions by Source Type, MW, 20112025 54
Table 26: Power Market, Norway, Comparison Between Power Sources, 20112025 55
Table 27: Renewable Power Market, Norway, Cumulative Installed Capacity by Source Type, MW, 20012025 57
Table 28: Renewable Power Market, Norway, Power Generation by Source Type, GWh, 20012025 60
Table 29: Renewable Power Market, Norway, Net Capacity Additions by Source Type, MW, 20112025 61
Table 30: Renewable Power Market, Norway, Comparison of Renewable Power Sources, 2011 62
Table 31: Wind Power Market, Norway, Installed Capacity, MW, 20012025 65
Table 32: Wind Power Market, Norway, Power Generation, GWh, 20012025 67
Table 33: Wind Power Market , Norway, Turbine Market Share, %, 2011 68
Table 34: Wind Power Market, Norway, Capacity Gained and Lost By Company, MW, 2011 69
Table 35: Wind Power Market, Norway, New Investments and Capital Cost, 20112025 70
Table 36: Wind Power Market, Norway, Export and Import of Turbines, $m, 20072011 71
Table 37: Wind Power Market, Norway, Carbon Savings, MT, 20012025 72
Table 38: Wind Power Market, Norway, Average Number of Homes Powered, thousands, 20012025 74
Table 39: Wind Power Market, Norway, Assumptions for LCOE Calculation 75
Table 40: Wind Power Market, Norway, LCOE, $/kWh, 20112025 76
Table 41: Wind Power Market, Norway, Deal Value Vs. Deal Volume, 2004-2011 77
Table 42: Wind Power Market, Norway, Split by Deal Type, %, 2011 78
Table 43: Wind Power Market, Norway, Asset Finance Deals, Norway vs. Global, 2007-2011 79
Table 44: Vestas Wind Systems A/S, Major Products and Services 91
Table 45: Vestas Wind Systems A/S, SWOTAnalysis 93
Table 46: Vestas Wind Systems A/S, Other Locations and Subsidiaries 98
Table 47: Enercon GmbH, Major Products and Services 102
Table 48: Enercon GmbH, SWOTAnalysis 103
Table 49: Enercon GmbH, Other Locations and Subsidiaries 108
Table 50: DONG Energy A/S, Major Products and Services 111
Table 51: DONG Energy A/S, SWOT Analysis 111
Table 52: DONG Energy A/S, Other Locations and Subsidiaries 117
Table 53: Statkraft AS, Major Products and Services 120
Table 54: Statkraft AS, SWOT Analysis 121
Table 55: Statkraft AS, Other Locations and Subsidiaries 125
Table 56: Abbreviations 127
Table 57: LCOE Calculation, Discount Rates by Technology 130

List of Chart


Figure 1: Wind Power Market, Global, Cumulative Installed Capacity, MW, 20012025 11
Figure 2: Wind Power Market, Norway, Cumulative Installed Capacity, MW, 2001-2025 12
Figure 3: Carbon Emissions, Global, MMT, 2001-2011 14
Figure 4: Primary Energy Consumption, Global, Mtoe, 2001-2025 15
Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Fuel Type MW, 20012025 19
Figure 6: Renewable Power Market, Global, Power Generation by Fuel Type, GWh, 20012025 21
Figure 7: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %, 20012025 23
Figure 8: Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 20112025 24
Figure 9: Renewable Power Market, Global, Comparison among Power Sources 25
Figure 10: Wind Power Market, Global, Installed Capacity, MW, 20012025 27
Figure 11: Wind Power Market, Global, Power Generation, GWh, 20012025 29
Figure 12: Wind Power Market, Global, Cumulative Installed Capacity Split by Onshore and Offshore, %, 2011-2025 30
Figure 13: Wind Turbine Market, Global, Market Share, %, 2011 31
Figure 14: Wind Turbine Market, Global, Change in Market Share, %, 2009-2011 32
Figure 15: Wind Turbine Market, Global, Capacity Gained and Lost by Company, MW, 2011 33
Figure 16: Wind Turbine Market, Global, Domestic to International Installations (%), 2011 34
Figure 17: Wind Power Market, Global, Cumulative Installed Capacity Growth by Region, MW, 2011-2025 35
Figure 18: Wind Power Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 36
Figure 19: Wind Power Market, Global, Net Capacity Additions in Major Countries, MW, 20112025 37
Figure 20: Wind Power Market, Global, Comparison Between Key Countries 38
Figure 21: Wind Power Market, Global, Value Chain Activities 39
Figure 22: Wind Power Market, Global, Capital Expenditure Split for Wind Farms, %, 2011 39
Figure 23: Wind Power Market, Global, New Investment, $m, 2012-2025 41
Figure 24: Wind Power Market, Global, Average Wind Turbine Size, MW, 2001-2020 43
Figure 25: Wind Power Market, Global, LCOE in Major Countries, $/kWh, 2011 44
Figure 26: Wind Power Market, Global, Import and Export of Wind Turbine, $m, 20072011 45
Figure 27: Wind Power Market, Global, Trade Flow of Modules, 2011 46
Figure 28: Wind Power Market, Global, Major Debt Providers, 2011 47
Figure 29: Power Market, Norway, Cumulative Installed Capacity, MW, 20012025 49
Figure 30: Power Market, Norway, Cumulative Installed Capacity by Fuel Type, MW, 20012025 51
Figure 31: Power Market, Norway, Power Generation by Fuel Type, GWh, 20012025 52
Figure 32: Power Market, Norway, Net Capacity Additions by Source Type, MW, 20112025 54
Figure 33: Power Market, Norway, Comparison Between Power Sources, 20112025 55
Figure 34: Renewable Power Market, Norway, Cumulative Installed Capacity by Source Type, MW, 20012025 57
Figure 35: Renewable Power Market, Norway, Cumulative Installed Capacity Split by Source Type, MW, 2011 and 2025 58
Figure 36: Renewable Power Market, Norway, Power Generation by Source Type, GWh, 20012025 59
Figure 37: Renewable Power Market, Norway, Net Capacity Additions by Source Type, MW, 20112025 61
Figure 38: Renewable Power Market, Norway, Comparison of Renewable Power Sources, 2011 62
Figure 39: Renewable Power Market, Norway, LCOE Comparison, $/kWh, 2011 63
Figure 40: Wind Power Market, Norway, Installed Capacity, MW, 20012025 65
Figure 41: Wind Power Market, Norway, Power Generation, GWh, 20012025 66
Figure 42: Wind Power Market , Norway, Turbine Market Share, %, 2011 68
Figure 43: Wind Power Market, Norway, Capacity Gained and Lost By Company, MW, 2011 69
Figure 44: Wind Power Market, Norway, New Investments, 20122025 70
Figure 45: Wind Power Market, Norway, Export and Import of Turbines, $m, 20072011 71
Figure 46: Wind Power Market, Norway, Carbon Savings, MT, 20012025 72
Figure 47: Wind Power Market, Norway, Average Number of Homes Powered, 000, 20012025 73
Figure 48: Wind Power Market, Norway, LCOE, $/kWh, 20112025 75
Figure 49: Wind Power Market, Norway, Deal Value vs. Deal Volume, 2004-2011 77
Figure 50: Wind Power Market, Norway, Split by Deal Type, %, 2011 78
Figure 51: Wind Power Market, Norway, Asset Finance Deals, Norway vs. Global, 2007-2011 79
Figure 52: Renewable Power Market, Norway, Impact Analysis of Various Policies, 2002-2011 81
Figure 53: Renewable Power Market, Norway, Policy Impact on Applicable Renewable Power Sources 82
Figure 54: Wind Power, Norway, New Installed Capacity, MW, 2001-2012 87
Figure 55: Wind Power Market, Norway, Presence of Companies Across Wind Power Value Chain 89
Figure 56: Vestas Wind Systems A/S, Key Financial Performance 92

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