1. Industry outlookThe report's baseline
deployment forecast, shows Europe achieving between 26 - 27GW of installed
capacity by 2020, of which around 23GW is new installations.Such
deployment would:- Occur mainly in the UK and Germany.- Require
around 3,500 turbines plus associated infrastructure.- Cost upwards of
£75 billion (€86 billion) based on current industry practices.2. Power
cable demandGrowth in resulting cable installations will be significant,
with an estimated 6,000km of export cable, 2,000km of EU inter-connector cable
and 6,500km of array cable installations by 2020.The report's findings
show:- In terms of total cable installations, the report predicts that
demand will more than double over the period to 2020, with growth of between 2.5
and 3.0 times that of 2011 occurring in both export and array
installations.- A near-doubling of export and inter-connector
installations by 2016. Thereafter, growth is limited as HVDC use increases and
general industry growth slows.- A 250% rise in array cable installations
from 350km in 2011 to 900km by 2020.3. Export cable supply vs.
demandThe authors estimate that annual export cable installation supply
currently stands at around 600 - 650km (vs. 500km 2011 demand). Identified
capacity additions are limited. Our analysis shows that export cable
installation capacity needs to increase by around 75% within 2 - 3 years if
demand is to be met.