Released on: December 12, 2007, 2:31 am

Press Release Author: Shushmul Maheshwari

Industry: Industrial

Press Release Summary: In an effort to boost the use of renewable energy sources,
the government of Spain has permitted legislation for the set up of offshore wind
parks.

Press Release Body: RNCOS has recently released a comprehensive market research
report “Spain Energy Sector Outlook” that analyzes the changing scenario
of the energy sector in Spain. As per the report, the wind power installed capacity
in Spain has increased to 11,615 MW during 2006, with the new installed capacity of
1588 MW and is projected to reach up to 20,155 MW by 2010.

The report has found that Spain is the pioneer in worldwide wind industry along with
Germany and stands as the second biggest wind energy producer at the European as
well as international level.

Among the 27-nation conglomerate, EU, Spain stands at the leading position in terms
of wind power production. Also, the country intends to increase the energy derived
from renewable sources to three times by 2020. Renewable energy in Spain has
progressed at a much higher rate of 4.3% since 2001, the report said.

In an attempt to enhance the use of renewable energy sources, the government of
Spain has permitted a legislation that allows the set up of offshore wind parks
besides the nation\'s huge coastline, which attracts millions of sun seekers every
year, making Spain as the second most visiting country after France.

Furthermore, increasing the use of renewable sources in the energy mix will also
benefit Spain to reduce its reliance on the oil imports which constitute nearly
49.5% of Spain’s energy mix, the report adds.

In comparison to the land-based wind farms, although more expensive, the offshore
wind parks can get considerable benefit from the stable and stronger coastal
breezes. However, the critics remain apprehensive that the offshore wind parks will
tarnish the landscape and impair fishing. To alleviate the uneasiness, the
government has told that the projects would require approval from the environment
ministry.

The report also notifies that the government will also spot out the best places
where the parks can be set up, which require a minimum size of 50 Megawatts, and
interested corporations will then be allotted the area.

“Spain Energy Sector Outlook” provides extensive research and rational
analysis on the proliferating market of renewable energy sector in Spain, which will
be playing major role in the energy industry in future.

The forecast given in the research is based on a correlation between past market
growth and the base drivers, like economic performance, competitive structure,
expected demand, and regulatory framework.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM519.htm
Current Industry News: http://www.rncos.com/blog


Web Site: http://www.rncos.com

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com