08 November 2009
Innovation Norway released a new report "Energy from Wind and Ocean: a European Market Study". It provides with the detailed analysis of the relevant markets in nine European countries.
This is the third edition of the report on market conditions for wind- and ocean- based renewable energy in Europe. It aims to give Norwegian companies, offering products and services in the value chain of renewable energy, an overview of market possibilities and limitations in the most relevant markets in Europe, and provides with some insights to a wider audience.
This is what Alexander Lidgren is writing about it in his blog:
"There is a shift in the geographical market for wind, were countries such as Germany and Denmark were previously leading the way in terms of new installed capacity, it is now US, China (and to some extent India) that are the big markets for new wind installations. Naturally wind remains strong in the Nordics in terms of companies with Vestas in the forefront and a lot of both suppliers and other companies following and creating their own solutions. Vertical Wind is one of the companies with their own solution. So is Chapdrive of Norway.
Wave and tidal energy are potentially lucrative since the energy potential in the waves is large. There are some hot spots in the world where the conditions are more optimal such as UK and Portugal. The Nordics have quite a few ocean power companies, all with their very own way of harnessing the powers of the sea. Langley, Seabased, AW Energy, Wavestar, Floating Power Plant, Minesto are a some of them.
Ocean based energy seem to divide the investment community. One group is sceptical towards it and think it will be a very long time before it reaches commercial price levels/kwh if ever. The companies I mentioned are mostly venture capital backed so among their owners and among other investors are believers that over time this form of energy will be a stable solution and reach a profitable price point."
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