Onshore wind energy in Eastern Europe, Russia and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables.
The latest Eastern Europe Onshore Wind Market Outlook 2018 reports 16GW of new onshore wind capacity that will be added in the region over the next 10 years. The development will be largely driven by the implementation of auction schemes in Russia and Kazakhstan and proposed auctions in Poland and Ukraine. In future, an interplay of continued growth in those leading regional markets, as well as the emergence of small, new wind markets such as Armenia, Azerbaijan, Georgia and Slovakia, will ensure long-term growth prospects.
