1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 5 1.2 List of Figures 6 2 Executive Summary 7 2.1 Global Carbon Emissions to Increase at a Lower rate During the Forecast Period 7 2.2 Technological Advancements and Government Support Driving Global Renewable Power Installations 7 2.3 Top 10 Countries Account for Over 84% of Wind Power Capacity 7 2.4 Renewable Power is the Dominant Source in the Power Mix 8 2.5 Renewable Sources Forecast to Witness Maximum Growth 9 3 Introduction 10 3.1 Carbon Emissions, Global, 2001-2016 10 3.2 Primary Energy Consumption, Global, 2001-2030 12 3.3 Wind Power, Global, Technology Definition and Classification 15 3.4 Wind Power Market, Technology Overview 15 3.5 Wind Power Market, Turbine Components 15 3.6 Report Guidance 17 4 Renewable Power Market, Global, 2006-2030 18 4.1 Renewable Power Market, Global, Overview 18 4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 19 4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 19 4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 21 4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2016-2030 23 4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 25 4.3 Renewable Power Market, Global, Power Generation, 2006-2030 27 4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 27 4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 29 4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2016 31 5 Wind Power Market, Global, 2006-2030 34 5.1 Wind Power Market, Global, Overview 34 5.2 Wind Power Market, Global, Installed Capacity, 2006-2030 35 5.2.1 Wind Power Market, Global, Installed Capacity Share by Region, 2016 and 2030 37 5.2.2 Wind Power Market, Global, Installed Capacity Share by Country, 2016 and 2030 39 5.2.3 Wind Power Market, Global, Installed Capacity Share by Segment, 2016 and 2030 41 5.3 Wind Power Market, Global, Power Generation, 2006-2030 42 5.3.1 Wind Power Market, Global, Generation Share by Region, 2016 and 2030 44 5.3.2 Wind Power Market, Global, Generation Share by Country, 2016 and 2030 46 5.3.3 Wind Power Market, Global, Generation Share by Segment, 2016 and 2030 48 5.4 Wind Power Market, Global, Investment Trends, 2016-2020 49 6 Power Market, Denmark, 2006-2030 51 6.1 Power Market, Denmark, Overview 51 6.2 Power Market, Denmark, Installed Capacity, 2006-2030 52 6.2.1 Power Market, Denmark, Cumulative Installed Capacity by Fuel Type, 2006-2030 52 6.2.2 Power Market, Denmark, Share in Cumulative Installed Capacity Split by Source Type, 2016 and 2030 54 6.2.3 Power Market, Denmark, Net Capacity Additions by Fuel Type, 2016 and 2030 55 6.2.4 Power Market, Denmark, Comparison of Technologies Based on Installed Capacity, 2016-2030 56 6.3 Power Market, Denmark, Power Generation, 2006-2030 58 6.3.1 Power Market, Denmark, Power Generation by Fuel Type, 2006-2030 58 6.3.2 Power Market, Denmark, Comparison of Technologies Based on Power Generation, 2016-2030 60 7 Renewable Power Market, Denmark, 2006-2030 61 7.1 Renewable Power Market, Denmark, Overview 61 7.2 Renewable Power Market, Denmark, Installed Capacity, 2006-2030 62 7.2.1 Renewable Power Market, Denmark, Cumulative Installed Capacity by Source Type, 2006-2030 62 7.2.2 Renewable Power Market, Denmark, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 65 7.2.3 Renewable Power Market, Denmark, Net Capacity Additions by Source Type, 2016-2030 66 7.2.4 Renewable Power Market, Denmark, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68 7.3 Renewable Power Market, Denmark, Power Generation, 2006-2030 70 7.3.1 Renewable Power Market, Denmark, Power Generation by Source Type, 2006-2030 70 7.3.2 Renewable Power Market, Denmark, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 72 8 Wind Power Market, Denmark, 2006-2030 74 8.1 Wind Power Market, Denmark, Overview 74 8.2 Wind Power Market, Denmark, Installed Capacity, 2006-2030 75 8.2.1 Wind Power Market, Denmark, Cumulative Installed Capacity Split by Onshore and Offshore Wind, 2006-2030 77 8.3 Wind Power Market, Denmark, Power Generation, 2006-2030 79 8.4 Wind Power Market, Denmark, Investment Trends, 2016-2020 81 8.5 Wind Power Market, Denmark, Project Based Analysis, 2016 83 8.5.1 Wind Power Market, Denmark, Major Active Plants, 2016 83 8.5.2 Wind Power Market, Denmark, Upcoming Projects, 2016 84 8.5.3 Wind Power Market, Denmark, Key Under-construction Projects, 2016 85 8.6 Wind Power Market, Denmark, Deal Analysis, 2016 86 8.6.1 Wind Power Market, Denmark, Deal Volume vs. Deal Value, 2006-2016 86 8.6.2 Wind Power Market, Denmark, Split by Deal Type, 2016 88 9 Power Market, Regulatory Scenario, Denmark 89 9.1 Renewable Energy Market, Overview 89 9.2 Net-metering 89 9.3 Feed-in Tariffs 89 9.3.1 Wind Power 89 9.3.2 Solar Power 90 9.3.3 Hydropower 90 9.4 Support for Wind Power 91 9.4.1 Loss of Value to Property due the Erection of Wind Turbines 91 9.4.2 Local Citizens’ Option to Purchase Wind Turbines Shares 91 9.4.3 Green Scheme to Enhance Local Scenic and Recreational Values 91 9.4.4 The Guarantee Fund 92 9.5 Support for Wave Power 92 10 Wind Power Market, Denmark, Company Profiles 93 10.1 Company Snapshot: Vestas Wind Systems A/S 93 10.1.1 Vestas Wind Systems A/S - Company Overview 93 10.1.2 Vestas Wind Systems A/S - Business Description 93 10.1.3 Vestas Wind Systems A/S - SWOT Analysis 93 10.1.4 Vestas Wind Systems A/S - Major Products and Services 96 10.1.5 Vestas Wind Systems A/S - Head Office 97 10.2 Company Snapshot: Vattenfall AB 98 10.2.1 Vattenfall AB - Company Overview 98 10.2.2 Vattenfall AB - Business Description 98 10.2.3 Vattenfall AB - SWOT Analysis 99 10.2.4 Vattenfall AB - Major Products and Services 101 10.2.5 Vattenfall AB - Head Office 102 10.3 Company Snapshot: Siemens AG 103 10.3.1 Siemens AG - Company Overview 103 10.3.2 Siemens AG - Business Description 103 10.3.3 Siemens AG - SWOT Analysis 103 10.3.4 Siemens AG - Major Products and Services 106 10.3.5 Siemens AG - Head Office 112 10.4 Company Snapshot: E.ON Sverige AB 113 10.4.1 E.ON Sverige AB - Company Overview 113 10.4.2 E.ON Sverige AB - Major Products and Services 113 10.4.3 E.ON Sverige AB - Head Office 113 10.5 Company Snapshot: DONG Energy A/S 114 10.5.1 DONG Energy A/S - Company Overview 114 10.5.2 DONG Energy A/S - Business Description 114 10.5.3 DONG Energy A/S - SWOT Analysis 114 10.5.4 DONG Energy A/S - Major Products and Services 116 10.5.5 DONG Energy A/S - Head Office 117 11 Appendix 118 11.1 Abbreviations 118 11.2 Bibliography 118 11.3 Market Definitions 119 11.4 Methodology 119 11.5 Coverage 119 11.5.1 Secondary Research 120 11.5.2 Primary Research 120 11.5.3 Modeling and Forecasting 120 11.6 Contact Us 120 11.7 Disclaimer 121

1.1 List of Tables Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2016 12 Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2030 14 Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 20 Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 22 Table 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 24 Table 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 26 Table 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 28 Table 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 30 Table 9: Renewable Power Market, Global, Assumptions for LCOE Calculation 31 Table 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 33 Table 11: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 36 Table 12: Wind Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 38 Table 13: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 40 Table 14: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2016 and 2030 41 Table 15: Wind Power Market, Global, Power Generation (GWh), 2006-2030 43 Table 16: Wind Power Market, Global, Generation Share by Region (%), 2016 and 2030 45 Table 17: Wind Power Market, Global, Generation Share by Country (%), 2016 and 2030 47 Table 18: Wind Power Market, Global, Generation Share by Segment (%), 2016 and 2030 48 Table 19: Wind Power Market, Global, New Investment ($m), 2016-2020 50 Table 20: Power Market, Denmark, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 53 Table 21: Power Market, Denmark, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 54 Table 22: Power Market, Denmark, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 55 Table 23: Power Market, Denmark, Comparison of Technologies Based on Installed Capacity, 2016-2030 57 Table 24: Power Market, Denmark, Power Generation by Fuel Type (GWh), 2006-2030 59 Table 25: Power Market, Denmark, Comparison of Technologies Based on Power Generation, 2016-2030 60 Table 26: Renewable Power Market, Denmark, Cumulative Installed Capacity by Source Type (MW), 2006-2030 64 Table 27: Renewable Power Market, Denmark, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 65 Table 28: Renewable Power Market, Denmark, Net Capacity Additions by Source Type (MW), 2016-2030 67 Table 29: Renewable Power Market, Denmark, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 69 Table 30: Renewable Power Market, Denmark, Power Generation by Source Type (GWh), 2006-2030 71 Table 31: Renewable Power Market, Denmark, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73 Table 32: Wind Power Market, Denmark, Installed Capacity (MW), 2006-2030 76 Table 33: Wind Power Market, Denmark, Cumulative Installed Capacity by Technology (MW), 2006-2030 78 Table 34: Wind Power Market, Denmark, Power Generation (GWh), 2006-2030 80 Table 35: Wind Power Market, Denmark, New Investment ($m), 2016-2020 82 Table 36: Wind Power Market, Denmark, Major Active Plants, 2016 83 Table 37: Wind Power Market, Denmark, Upcoming Projects, 2016 84 Table 38: Wind Power Market, Denmark, Key Under-construction Projects, 2016 85 Table 39: Wind Power Market, Denmark, Deal Volume vs. Deal Value ($m), 2006-2016 87 Table 40: Wind Power Market, Denmark, Deals by Type, 2016 88 Table 41: Renewable Energy Policy, Denmark, Feed-in Tariffs for Biopower, 2016-2018 91 Table 42: Vestas Wind Systems A/S, Major Products and Services 96 Table 43: Vattenfall AB, Major Products and Services 101 Table 44: Siemens AG, Major Products and Services 106 Table 45: E.ON Sverige AB, Major Products and Services 113 Table 46: DONG Energy A/S, Major Products and Services 116 Table 47: Abbreviations 118 1.2 List of Figures Figure 1: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 8 Figure 2: Power Market, Denmark, Cumulative Installed Capacity by Type of Power Plant (%), 2016 9 Figure 3: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2016 11 Figure 4: Primary Energy Consumption, Global (Mtoe), 2001-2030 13 Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 19 Figure 6: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 21 Figure 7: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 23 Figure 8: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 25 Figure 9: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 27 Figure 10: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 29 Figure 11: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 32 Figure 12: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 35 Figure 13: Wind Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 37 Figure 14: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 39 Figure 15: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2016 and 2030 41 Figure 16: Wind Power Market, Global, Power Generation (GWh), 2006-2030 42 Figure 17: Wind Power Market, Global, Generation Share by Region (%), 2016 and 2030 44 Figure 18: Wind Power Market, Global, Generation Share by Country (%), 2016 and 2030 46 Figure 19: Wind Power Market, Global, Generation Share by Segment (%), 2016 and 2030 48 Figure 20: Wind Power Market, Global, New Investment ($m), 2016-2020 49 Figure 21: Power Market, Denmark, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 52 Figure 22: Power Market, Denmark, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 54 Figure 23: Power Market, Denmark, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 55 Figure 24: Power Market, Denmark, Comparison of Technologies Based on Installed Capacity, 2016-2030 56 Figure 25: Power Market, Denmark, Power Generation by Fuel Type (GWh), 2006-2030 58 Figure 26: Power Market, Denmark, Comparison of Technologies Based on Power Generation, 2016-2030 60 Figure 27: Renewable Power Market, Denmark, Cumulative Installed Capacity by Source Type (MW), 2006-2030 63 Figure 28: Renewable Power Market, Denmark, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 65 Figure 29: Renewable Power Market, Denmark, Net Capacity Additions by Source Type (MW), 2016-2030 66 Figure 30: Renewable Power Market, Denmark, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68 Figure 31: Renewable Power Market, Denmark, Power Generation by Source Type (GWh), 2006-2030 70 Figure 32: Renewable Power Market, Denmark, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 72 Figure 33: Wind Power Market, Denmark, Installed Capacity (MW), 2006-2030 75 Figure 34: Wind Power Market, Denmark, Cumulative Installed Capacity by Technology (MW), 2006-2030 77 Figure 35: Wind Power Market, Denmark, Power Generation (GWh), 2006-2030 79 Figure 36: Wind Power Market, Denmark, New Investment ($m), 2016-2020 81 Figure 37: Wind Power Market, Denmark, Upcoming Projects, 2016 84 Figure 38: Wind Power Market, Denmark, Deal Volume vs. Deal Value ($m), 2006-2016 86 Figure 39: Wind Power Market, Denmark, Split by Deal Type (%), 2016 88

Vestas Wind Systems A/S Vattenfall AB Siemens AG E.ON Sverige AB DONG Energy A/S