1. Wind Power in Germany, Market Outlook to 2025 - Capacity,
Generation, Market Share, Levelized Cost of Energy (LCOE),
Investment Trends, Regulations and Company Profiles
Report Details:
Published:September 2012
No. of Pages: 146
Price: Single User License – US$2500
Wind Power in Germany, Market Outlook to 2025 - Capacity, Generation, Market Share, Levelized
Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles
Summary
"Wind Power in Germany, Market Outlook to 2025 - Capacity, Generation, Market Share,
Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” is the
latest report from GlobalData, the industry analysis specialists that offer comprehensive
information and understanding of the wind power market in Germany. The report provides in depth
analysis on global renewable power market and global wind power market with forecasts up to
2025. The report analyzes the power market scenario in Germany (includes thermal conventional,
nuclear, large hydro and renewables) and provides future outlook with forecasts up to 2025. The
research details renewable power market outlook in the country (includes wind, small hydro,
biopower and solar PV) and provides forecasts up to 2025. The report highlights installed capacity
and power generation trends from 2001 to 2025 in Germany wind power market. The research
analyzes market segmentation by onshore and offshore wind, market share of wind turbine
manufacturers, investment trends and LCOE for wind power in Germany during 2011-2025. The
report provides information on the amount of carbon saved (in million tons) and average number of
homes powered by wind power during 2001-2025. A detailed coverage of renewable energy policy
framework governing the market with specific policies pertaining to wind power development in
Germany is provided in the report. The research also provides company snapshots of some of the
major market participants.
The report is built using data and information sourced from proprietary databases, secondary
research and in-house analysis by GlobalData’s team of industry experts.
Scope

2. The report analyses global renewable power market, global wind power market, Germany power
market, Germany renewable power market and Germany wind power market. The scope of the
research includes -
- A brief introduction on global carbon emissions and global primary energy consumption.
- Historical period is during 2001-2011 (unless specified) and forecast period is for 2012-2025.
- An overview on global renewable power market, highlighting installed capacity trends, generation
trends and installed capacity split by various renewable power sources.
- Renewable power sources include wind (includes both onshore and offshore), solar photovoltaic
(PV), concentrated solar power (CSP), small hydropower (SHP), biomass, biogas and geothermal.
- Detailed overview on the global wind power market with installed capacity and generation trends,
market segmentation by onshore and offshore wind, installed capacity split by region in 2011,
installed capacity split by major wind power countries in 2011, market share of wind turbine
manufacturers in 2011, investment trends (2011-2025), global wind turbine trade flow (2001-2011)
and detailed cost analysis which includes LCOE comparison among major countries.
- Power market scenario in Germany and provides detailed market overview, installed capacity
and power generation trends by various fuel types (includes thermal conventional, nuclear, large
hydro and renewables) with forecasts up to 2025.
- An overview on Germany renewable power market, highlighting installed capacity trends (2001-
2025), generation trends(2001-2025) and installed capacity split by various renewable power
sources in 2011.
- Detailed overview of Germany wind power market with installed capacity and generation trends,
market segmentation by onshore and offshore wind, market share of wind turbine manufacturers
in 2011, investment trends (2011-2025), imports-exports of wind turbines (2001-2011), carbon
savings (2001-2025), number of homes powered (2001-2025) and LCOE for wind during 2011-
2025.
- Deal analysis of Germany wind power market. Deals are analyzed on the basis of mergers,
acquisitions, partnership, asset finance, debt offering, equity offering, private equity (PE) and
venture capitalists (VC).
- Key policies and regulatory framework supporting the development of renewable power sources
in the country in general and wind in particular.
- Company snapshots of some of the major market participants.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive
manner. It will allow you to -
- Identify key growth and investment opportunities in Germany wind power market.
- Facilitate decision-making based on strong historic and forecast data for wind power market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.

3. - Understand and respond to your competitors’ business structure, strategy and prospects.
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generation-market-share-levelized-cost-of-energy-lcoe-investment-trends-regulations-and-company-profiles.html
Major points covered in Table of Contents of this report include
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Executive Summary 10
2.1 Global Carbon Emissions Continue to Increase in 2010-2011 after a Slight Dip in 2009 10
2.2 Global Power Market – Increasing Focus on Clean Technologies 10
2.3 Government Support will continue to Foster the Growth of Global Renewable Power Market 11
2.4 Global Wind Power Market will Post Steady Growth during the Forecast Period 11
2.5 Germany Power Market – Share of Renewable Power to Increase with Nuclear Power
Decommission Plans 12
2.6 Germany Renewable Power Market – Government Policies Supported the Renewable Boom
in the Country 13
2.7 Germany Wind Power Market – Offshore Wind and Repowering to Drive the Wind Market in
the Country 14
3 Introduction 15
3.1 Carbon Emissions, Global, 2001-2011 15
3.2 Primary Energy Consumption, Global, 2001-2025 17
3.3 Report Guidance 18
4 Renewable Power Market, Global, 2001-2025 20
4.1 Renewable Power Market, Global, Overview 20
4.2 Renewable Power Market, Global, Cumulative Installed Capacity, MW, 2001-2025 21
4.3 Renewable Power Market, Global, Power Generation, GWh, 2001-2025 23
4.4 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %,
2011 25
4.5 Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 2011-2025 26
4.6 Renewable Power Market, Global, Comparison among Power Sources 27
5 Wind Power Market, Global, 2001-2025 28
5.1 Wind Power Market, Global, Overview 28
5.2 Wind Power Market, Global, Installed Capacity, MW, 2001-2025 30
5.3 Wind Power Market, Global, Power Generation, GWh, 2001-2025 32
5.4 Wind Power Market, Global, Segmentation by Onshore and Offshore, %, 2011-2025 33
5.5 Wind Power Market, Global, Turbine Market Share, 2011 34
5.6 Wind Power Market, Global, Cumulative Installed Capacity Growth by Region, MW, 2011-2025
39
5.7 Wind Power Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 39

4. 5.8 Wind Power Market, Global, Net Capacity Additions in Major Countries, MW, 2011-2025 41
5.9 Wind Power Market, Global, Comparison between Key Countries 42
5.10 Wind Power Market, Global, Cost Analysis 42
5.10.1 Wind Power Market, Global, Overall Capital Expenditure Split for Wind Farms, 2011 43
5.10.2 Wind Power Market, Global, Major Components Share in the Total Turbine Cost, 2011 44
5.10.3 Wind Power Market, Global, Factors Impacting the Cost of a Project 45
5.11 Wind Power Market, Global, Investment Trends, $m, 2012-2025 45
5.12 Wind Power Market, Global, Average Wind Turbine Size, 2001-2020 46
5.13 Wind Power Market, Global, LCOE in Major Countries, $/kWh, 2011 48
5.14 Wind Power Market, Global, Trade Flow Analysis of Wind Turbine 49
5.15 Wind Power Market, Global, Major Debt Providers, 2011 50
6 Power Market, Germany, 2001-2025 51
6.1 Power Market, Germany, Overview 51
6.2 Power Market, Germany, Cumulative Installed Capacity, MW, 2001-2025 52
6.3 Power Market, Germany, Cumulative Installed Capacity by Fuel Type, MW, 2001-2025 53
6.4 Power Market, Germany, Power Generation by Fuel Type, GWh, 2001-2025 54
6.5 Power Market, Germany, Net Capacity Additions by Source Type, MW, 2011-2025 56
6.6 Power Market, Germany, Comparison of Power Sources, 2011 57
7 Renewable Power Market, Germany, 2001-2025 58
7.1 Renewable Power Market, Germany, Overview 58
7.2 Renewable Power Market, Germany, Cumulative Installed Capacity by Source Type, MW,
2001-2025 58
7.3 Renewable Power Market, Germany, Cumulative Installed Capacity Split by Source Type, %,
2011 and 2025 60
7.4 Renewable Power Market, Germany, Power Generation by Source Type, GWh, 2001-2025 61
7.5 Renewable Power Market, Germany, Net Capacity Additions by Source Type, MW, 2011-2025
63
7.6 Renewable Power Market, Germany, Comparison of Renewable Power Sources 64
7.7 Renewable Power Market, Germany, LCOE Comparison, $/kWh, 2011 65
8 Wind Market, Germany, 2001-2025 66
8.1 Wind Power Market, Germany, Overview 66
8.2 Wind Power Market, Germany, Installed Capacity, MW, 2001-2025 68
8.3 Wind Power Market, Germany, Power Generation, GWh, 2001-2025 69
8.4 Wind Power Market, Germany, Segmentation by Onshore and Offshore, %, 2014-2025 72
8.5 Wind Power Market, Germany, Turbine Market Share, %, 2011 73
8.6 Wind Power Market, Germany, LCOE, $/kWh, 2011-2025 74
8.7 Wind Power Market, Germany, Export and Import of Turbines, $m, 2000-2011 76
8.8 Wind Power Market, Germany, Investment Trends, 2011-2025 77
8.9 Wind Power Market, Germany, Carbon Savings, Million Tons, 2001-2025 79
8.10 Wind Power Market, Germany, Average Number of Homes Powered, 2001-2025 81
9 Wind Power Market, Germany, Deal Analysis 83
9.1 Wind Power Market, Germany, Deal Value vs Deal Volume, 2004-2011 83

5. 9.2 Wind Power Market, Germany, Split by Deal Type, %, 2011 84
9.3 Wind Power Market, Germany, Asset Finance Deals, Germany vs. Global, 2007-2011 85
9.4 Wind Power Market, Germany, Asset Finance Deals, Comparison Among Various Renewable
Energy Sources, 2011 86
10 Renewable Energy Policy Framework, Germany 87
10.1 Financial Incentives and Policy Support for Renewable Energy Sources, Germany, Major
Policies 87
10.1.1 Green Power 89
10.1.2 Federal Building Code for Renewable Energy Production 89
10.1.3 Market Incentive Program 89
10.1.4 Renewable Energy Sources Act (EEG) 90
10.1.5 Integrated Climate Change and Energy Program 93
10.1.6 KfW Renewable Energies Program 93
10.1.7 Renewable Energy Heat Act (Erneuerbare-Energien-Warmegesetz – EEWARMEG) 94
10.1.8 Law on Energy and Climate Fund 94
10.2 Financial Incentives and Policy Support for Wind Power, Germany 94
10.2.1 Feed-in Tariff for Wind under EEG 95
10.2.2 Repowering Policy 96
10.2.3 Support for Offshore Development 96
11 Wind Power Market, Germany, Company Profiles 98
11.1 Company Snapshot: Enercon GmbH 98
11.1.1 Enercon GmbH, Company Overview 98
11.1.2 Enercon GmbH, Business Overview 99
11.1.3 Enercon GmbH, Major Products and Services 100
11.1.4 Enercon GmbH, SWOT Analysis 100
11.1.5 Enercon GmbH, Locations and Subsidiaries 105
11.2 Company Snapshot: Vestas Wind Systems A/S 108
11.2.1 Vestas Wind Systems A/S, Company Overview 108
11.2.2 Vestas Wind Systems A/S, Business Overview 108
11.2.3 Vestas Wind Systems A/S, Major Products and Services 109
11.2.4 Vestas Wind Systems A/S, Key Financial Performance 110
11.2.5 Vestas Wind Systems A/S, SWOT Analysis 111
11.2.6 Vestas Wind Systems A/S, Locations and Subsidiaries 116
11.3 Company Snapshot: EDF Energies Nouvelles SA 119
11.3.1 EDF Energies Nouvelles SA, Company Overview 119
11.3.2 EDF Energies Nouvelles SA, Business Overview 120
11.3.3 EDF Energies Nouvelles SA, Major Products and Services 121
11.3.4 EDF Energies Nouvelles SA, SWOT Analysis 121
11.3.5 EDF Energies Nouvelles SA, Locations and Subsidiaries 125
11.4 Company Snapshot: E.ON AG 127
11.4.1 E.ON AG, Company Overview 127
11.4.2 E.ON AG, Business Overview 128

6. 11.4.3 E.ON AG, Major Products and Services 129
11.4.4 E.ON AG, Key Financial Performance 130
11.4.5 E.ON AG, SWOT Analysis 130
11.4.6 E.ON AG, Locations and Subsidiaries 135
12 Appendix 142
12.1 Abbreviations 142
12.2 Market Definitions 143
12.3 Methodology 144
12.3.1 Secondary Research 144
12.3.2 Primary Research 144
12.3.3 Modeling and Forecasting 144
12.3.4 Market Estimates and Assumptions 145
12.3.5 Contact Us 146
12.3.6 Disclaimer 146
1.1 List of Tables
Table 1: Carbon Emissions, Global, MMT, 2001-2011 16
Table 2: Primary Energy Consumption, Global, Mtoe, 2001-2025 18
Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Fuel Type, MW,
2001–2025 22
Table 4: Renewable Power Market, Global, Power Generation by Fuel Type, GWh, 2001–2025 24
Table 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type,
%, 2001–2025 25
Table 6: Renewable Power Market, Global, Net Capacity Additions by Source Type, MW,
2011–2025 26
Table 7: Renewable Power Market, Global, Comparison among Power Sources 27
Table 8: Wind Power Market, Global, Installed Capacity, MW, 2001–2025 31
Table 9: Wind Power Market, Global, Power Generation, GWh, 2001–2025 33
Table 10: Wind Power Market, Global, Cumulative Installed Capacity Split by Onshore and
Offshore, %, 2011-2025 34
Table 11: Wind Turbine Market, Global, Market Share, %, 2009-2011 36
Table 12: Wind Power Market, Global, Annual Installed Capacity Share by Country, (%), 2010 37
Table 13: Wind Turbine Market, Global, Domestic to International Installations (%), 2011 38
Table 14: Wind Power Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 40
Table 15: Wind Power Market, Global, Net Capacity Additions in Major Countries, MW, 2011–2025
41
Table 16: Wind Power Market, Global, Capital Expenditure Split for Wind Farms, %, 2011 44
Table 17: Wind Power Market, Global, Major Turbine Component Share in Total Turbine Cost, %,
2011 44
Table 18: Wind Power Market, Global, New Investment, $m, 2012-2025 46
Table 19: Wind Power Market, Global, Average Wind Turbine Size, MW, 2001-2020 47
Table 20: Wind Power Market, Global, LCOE in Major Countries, $/kWh, 2011 48

7. Table 21: Wind Power Market, Global, Import and Export of Modules, $m, 2007–2011 49
Table 22: Power Market, Germany, Cumulative Installed Capacity, MW, 2001–2025 52
Table 23: Power Market, Germany, Cumulative Installed Capacity by Fuel Type, MW, 2001–2025
53
Table 24: Power Market, Germany, Power Generation by Fuel Type, GWh, 2001–2025 55
Table 25: Power Market, Germany, Net Capacity Additions by Source Type, MW, 2011–2025 56
Table 26: Power Market, Germany, Comparison Between Power Sources, 2011–2025 57
Table 27: Renewable Power Market, Germany, Cumulative Installed Capacity, MW, 2001–2025 59
Table 28: Renewable Power Market, Germany, Cumulative Installed Capacity Split by Source
Type, MW, 2011 and 2025 61
Table 29: Renewable Power Market, Germany, Power Generation by Source Type, GWh,
2001–2025 62
Table 30: Renewable Power Market, Germany, Net Capacity Additions by Source Type, MW,
2011–2025 64
Table 31: Renewable Power Market, Germany, Comparison of Renewable Power Sources, 2011
65
Table 32: Renewable Power Market, Germany, LCOE Comparison, $/kWh, 2011 65
Table 33: Wind Power Market, Germany, Installed Capacity, MW, 2001–2025 69
Table 34: Wind Power Market, Germany, Power Generation, GWh, 2001–2025 71
Table 35: Wind Power Market, Germany, Cumulative Installed Capacity Split by Onshore and
Offshore, %, 2025 72
Table 36: Wind Power Market ,Germany, Turbine Market Share, %, 2011 73
Table 37: Wind Power Market, Germany, Capacity Gained and Lost By Company, MW, 2011 74
Table 38: Wind Power Market, Germany, Assumptions for LCOE Calculation 74
Table 39: Wind Power Market, Germany, LCOE, $/kWh, 2011–2025 75
Table 40: Wind Power Market, Germany, Export and Import of Turbines, $m, 2000–2011 77
Table 41: Wind Power Market, Germany, New Investments and Capital Cost, 2011–2025 78
Table 42: Wind Power Market, Germany, Carbon Savings, Million Tons, 2001–2025 80
Table 43: Wind Power Market, Germany, Average Number of Homes Powered, Million,
2001–2025 82
Table 44: Wind Power Market, Germany, Deal Value Vs. Deal Volume, 2004-2011 83
Table 45: Wind Power Market, Germany, Asset Finance Deals, India vs. Global, 2007-2011 85
Table 46: Wind Power Market, Germany , Asset Finance Deals, Comparison Among Various
Renewable Energy Sources, 2011 86
Table 47: Renewable Power Market, Germany, Targeted Contribution from Renewable Energy,
2020-2050 90
Table 48: Renewable Power Market, Germany, Feed-in Tariff, € cents/kWh, 2012 91
Table 49: Renewable Power Market, Germany, Targeted Contribution from Renewable Energy 92
Table 50: Renewable Power Market, Germany, Targeted Contribution from Renewable Energy 93
Table 51: Renewable Power Market, Germany, Feed-in Tariff for Wind Power, Germany, €
cents/kWh, 2009-2012 96
Table 52: Enercon GmbH, Major Products and Services 100

8. Table 53: Enercon GmbH, SWOTAnalysis 101
Table 54: Enercon GmbH, Other Locations and Subsidiaries 106
Table 55: Vestas Wind Systems A/S, Major Products and Services 109
Table 56: Vestas Wind Systems A/S, SWOT Analysis 111
Table 57: Vestas Wind Systems A/S, Other Locations and Subsidiaries 116
Table 58: EDF Energies Nouvelles SA, Major Products and Services 121
Table 59: EDF Energies Nouvelles SA, SWOT Analysis 121
Table 60: EDF Energies Nouvelles SA, Other Locations and Subsidiaries 125
Table 61: E.ON AG, Major Products and Services 129
Table 62: E.ON AG, SWOT Analysis 131
Table 63: E.ON AG, Other Locations and Subsidiaries 136
Table 64: Abbreviations 142
Table 65: LCOE Calculation, Discount Rates by Technology 145
1.2 List of Figures
Figure 1: Wind Power Market, Global, Cumulative Installed Capacity, GW, 2001–2025 12
Figure 2: Power Market, Germany, Net Capacity Additions by Source Type, MW, 2011–2025 13
Figure 3: Carbon Emissions, Global, MMT, 2001-2011 16
Figure 4: Primary Energy Consumption, Global, Mtoe, 2001-2025 17
Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Fuel Type MW,
2001–2025 21
Figure 6: Renewable Power Market, Global, Power Generation by Fuel Type, GWh, 2001–2025 23
Figure 7: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type,
%, 2001–2025 25
Figure 8: Renewable Power Market, Global, Net Capacity Additions by Source Type, MW,
2011–2025 26
Figure 9: Renewable Power Market, Global, Comparison among Power Sources 27
Figure 10: Wind Power Market, Global, Installed Capacity, MW, 2001–2025 30
Figure 11: Wind Power Market, Global, Power Generation, GWh, 2001–2025 32
Figure 12: Wind Power Market, Global, Cumulative Installed Capacity Split by Onshore and
Offshore, %, 2011-2025 34
Figure 13: Wind Turbine Market, Global, Market Share, %, 2011 35
Figure 14: Wind Turbine Market, Global, Change in Market Share, %, 2009-2011 35
Figure 15: Wind Turbine Market, Global, Capacity Gained and Lost by Company, MW, 2011 37
Figure 16: Wind Turbine Market, Global, Domestic to International Installations (%), 2011 38
Figure 17: Wind Power Market, Global, Cumulative Installed Capacity Growth by Region, MW,
2011-2025 39
Figure 18: Wind Power Market, Global, Cumulative Installed Capacity Split by Country, %, 2011
40
Figure 19: Wind Power Market, Global, Net Capacity Additions in Major Countries, MW,
2011–2025 41
Figure 20: Wind Power Market, Global, Comparison Between Key Countries 42

9. Figure 21: Wind Power Market, Global, Value Chain Activities 43
Figure 22: Wind Power Market, Global, Capital Expenditure Split for Wind Farms, %, 2011 43
Figure 23: Wind Power Market, Global, New Investment, $m, 2012-2025 45
Figure 24: Wind Power Market, Global, Average Wind Turbine Size, MW, 2001-2020 46
Figure 25: Wind Power Market, Global, LCOE in Major Countries, $/kWh, 2011 48
Figure 26: Wind Power Market, Global, Import and Export of Wind Turbine, $m, 2007–2011 49
Figure 27: Wind Power Market, Global, Trade Flow of Modules, 2011 50
Figure 28: Wind Power Market, Global, Major Debt Providers, 2011 50
Figure 29: Power Market, Germany, Cumulative Installed Capacity, MW, 2001–2025 52
Figure 30: Power Market, Germany, Cumulative Installed Capacity by Fuel Type, MW, 2001–2025
53
Figure 31: Power Market, Germany, Power Generation by Fuel Type, GWh, 2001–2025 55
Figure 32: Power Market, Germany, Net Capacity Additions by Source Type, MW, 2011–2025 56
Figure 33: Power Market, Germany, Comparison Between Power Sources, 2011–2025 57
Figure 34: Renewable Power Market, Germany, Cumulative Installed Capacity, MW, 2001–2025
59
Figure 35: Renewable Power Market, Germany, Cumulative Installed Capacity Split by Source
Type, MW, 2011 and 2025 60
Figure 36: Renewable Power Market, Germany, Power Generation by Source Type, GWh,
2001–2025 62
Figure 37: Renewable Power Market, Germany, Net Capacity Additions by Source Type, MW,
2011–2025 63
Figure 38: Renewable Power Market, Germany, Comparison of Renewable Power Sources, 2011
64
Figure 39: Renewable Power Market, Germany, LCOE Comparison, $/kWh, 2011 65
Figure 40: Wind Power Market, Germany, Installed Capacity, MW, 2001–2025 68
Figure 41: Wind Power Market, Germany, Power Generation, GWh, 2001–2025 70
Figure 42: Wind Power Market, Germany, Cumulative Installed Capacity Split by Onshore and
Offshore, %, 2025 72
Figure 43: Wind Power Market ,Germany, Turbine Market Share, %, 2011 73
Figure 44: Wind Power Market, Germany, Capacity Gained and Lost By Company, MW, 2011 74
Figure 45: Wind Power Market, Germany, LCOE Range, $/kWh, 2011–2025 75
Figure 46: Wind Power Market, Germany, Export and Import of Turbines, $m, 2000–2011 76
Figure 47: Wind Power Market, Germany, New Investments and Capital Cost, 2011–2025 78
Figure 48: Wind Power Market, Germany, Carbon Savings, Thousand Tons, 2001–2025 79
Figure 49: Wind Power Market, Germany, Average Number of Homes Powered, Million,
2001–2025 81
Figure 50: Wind Power Market, Germany, Deal Value Vs. Deal Volume, 2004-2011 83
Figure 51: Wind Power Market, Germany, Split by Deal Type, %, 2011 84
Figure 52: Wind Power Market, Germany, Split by Deal Type, %, 2011 84
Figure 53: Wind Power Market, Germany, Asset Finance Deals, India vs. Global, 2007-2011 85
Figure 54: Wind Power Market, Germany, Asset Finance Deals, Comparison Among Various

10. Renewable Energy Sources, 2011 86
Figure 55: Renewable Power Market, Germany, Impact Analysis of Various Policies, 2000-2012
88
Figure 56: Renewable Power Market, Germany, Policy Impact on Applicable Renewable Power
Sources 88
Figure 57: Wind Power, Germany, New Installed Capacity, MW, 2001-2011 95
Figure 58: Wind Power Market, Germany, Presence of Companies Across Wind Value Chain 98
Figure 59: Vestas Wind Systems A/S, Key Financial Performance 110
Figure 60: E.ON AG, Key Financial Performance 130
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