Wind Industry Continues To Grow

According to the latest figures from Windpower.org, turnover and employment in the wind turbine industry continues to grow. Total revenue for 2015 was thus 2.9% higher compared to 2014, while employment surged by 3.8% in the same period.

According to the Danish Wind Industry Association, 2015 was the best year for business in the wind turbine industry since the financial crisis and both turnover and employment has increased.

The study from May 2016 shows that 31,251 is employed by the industry in 2015, which represents an increase of 3.8% from the year before, and thus the growth from the previous few years continues. In terms of revenue stream, the numbers are also going in the right direction. From a total turnover for the industry of 85.2 billion DKK. in 2014, we are now experiencing an increase of the amount of 87.9 billion. DKK in 2015. This is equivalent to an increase of 2.9%, and comparing it to the numbers from 2010, the revenue for 2015 is 17.2% higher.

When looking at the Danish export, it saw the Danish Wind Turbine industry decline in 2015, where the total exports compared to 2014 was 10.7% lower. The explanation probably lies in the development in the European wind market, which in 2015 had set record wind power capacity. Such an increase may have resulted in a decrease in the need for imports of Danish wind power at a European level. However, export in the wind turbine industry in Denmark is still more than half of total revenue (55%).

Wind Power storming ahead in Europe In terms of capacity, Denmark is among nine European countries with a capacity of over 5 GW of installed wind power, the latest statement from EWEA (European Wind Energy Association). In the same list, Germany is by far the top with almost 45 GW, almost double that of Spain, with 23 GW sits on the second largest capacity. In 2015 there was in Europe invested 26.4 billion. Euro in wind energy development. This represents, according to EWEA’s survey, an increase of 40% compared to 2014 and looked at offshore capacity alone, the increase from 2014 to 2015 is twice as large as the previous period. It is therefore not surprising that EWEA’s study also shows that the total wind power capacity in 2015 have overtaken hydropower as the continent’s third most common form of energy; though still behind regarding coal and gas.