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Summary of our market study
By 2024, the annual global capacity of wind power installations is expected to reach 73 gigawatts, a 24-fold increase over a 26-year period. Offshore wind power production has seen a massive increase. Installed capacity is growing at an average annual rate of 30%.
Among the countries, China dominates, with 43% of the world's wind power capacity. France has a target of 10 GW by 2030.
The European Commission's target of 340 GW by 2050 underlines the strategic importance of wind power.
France, home to the world's second largest maritime surface, naturally harbors significant offshore potential. Projections show that French wind power capacity could be multiplied by 2.5 by 2028, mainly due to the development of offshore wind power, which remains a relatively untapped resource.
French sentiment towards wind power presents an environment conducive to the growth of this renewable source, with around 73% of the population viewing it positively and more than half wishing to see its development in the future.
Players in the French wind energy market.
- Vestas: Originally from Denmark, Vestas is one of the leading manufacturers of wind turbines, with a 29% share of installed electrical capacity in France.
- Siemens Gamesa: A German-Spanish company, Siemens Gamesa has established itself as a key competitor and contributor in the wind energy sector.
- Engie: A leading operator in the wind farm market, with an 18% stake in installed capacity.
- EDF Énergies Nouvelles: A subsidiary of Électricité de France (EDF), this company plays a key role as an operator in the wind energy market, with a 13% share of installed capacity.
- General Electric (GE): The American multinational's presence in St-Nazaire illustrates the strength of global industry within French borders. GE's St-Nazaire plant not only serves the French market, but also exports wind turbine technology abroad, signaling the industry's global interconnectedness.
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Summary and extracts
1 Market overview
1.1 Definition and scope of study
A wind turbine located offshore is a wind turbine installed at sea, more than 10 km from the coast . It is connected to the network by a submarine cable. An offshore wind turbine works in the same way as an onshore wind turbine, with the big difference that it is located at sea in order to make better use of the energy of the wind driving its blades. The earliest models of offshore turbines were land-based wind turbines installed at sea. Industrialists have had to develop these wind turbines into units that are better adapted to the maritime environment and its constraints.
The global offshore wind energy market is growing rapidly: between 2009 and 2018, annual installed capacity grew by 34% and annual production increased by 1,600% . This very rapid increase in power is accompanied by significant needs for the construction and operation of offshore wind farms France has not yet commissioned any offshore wind farms but now she's trying to catch up The turnover of companies in the sector grew by 29% between 2016 and 2016 and should continue to grow with the planned commissioning of around ten projects between 2020 and 2023.
The trend in the French market is to the construction of wind farms to meet the objectives set by the Multiannual Energy Program which is targeting 5.2 GW of offshore wind power capacity by 2028. There is also a development of floating wind turbines which allow to free oneself from the constraints of the depth of the bottom of the installed wind turbines.
The main players in this market are public authorities manufacturers such as Vestas or Enercon and operators such as Engie or EDF Renewable Energies .
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the offshore wind market | France
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