This milestone for Germany’s growing offshore wind power industry highlights the number of market opportunities in Germany. Germany Trade & Invest will have representatives at this year’s HUSUM WindEnergy 2010 conference in Husum, Germany, from September 21-25 to introduce opportunities for wind energy companies in Germany.
After last year’s completion of Germany’s first deepwater offshore wind farm, alpha ventus, several new projects are underway. BARD Offshore 1, another wind farm with 80 five megawatt wind turbines, is currently under construction 100 km off the North Sea coast. More than 30 wind farms have already received formal approval.
According to HSBC, the global offshore wind energy market is predicted to grow at approximately 29 percent between 2009 and 2020, with Germany set to be a major contributor. Already Europe’s top wind energy generator with market growth of 15 percent in 2009, Germany’s offshore segment is looking to be a growth driver for the coming years.
As Europe’s primary wind energy market, Germany represents over 16 percent of global installed capacity. By the end of 2009, total capacity and production accounted for 25,777 MW and 38 billion kWh respectively.
International and domestic enterprises in Germany’s wind energy industry posted turnover exceeding EUR 50 billion in 2009, with high export levels accelerating growth. Germany’s excellent infrastructure and the strength of neighboring European wind power markets make Germany an ideal location for wind turbine manufacturers, component suppliers, and service providers.
Germany Trade & Invest will have industry experts on hand to meet with companies interested in Germany’s wind power industry at this year’s HUSUM WindEnergy conference, the industry’s leading trade fair worldwide.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.