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Record turnover in the Danish wind industry in 2017

The Danish wind industry set a record in 2017 with a 13.7 percent revenue increase to DKK 112.5 billion compared to 2016. The turnover for 2017 came out at almost DKK 10 billion more than in 2008 – previously the record year. Full-time employment grew with 757 full-time equivalent to 33,662, which corresponds to a 2.3 percent increase. This appears in new figures from the Danish Wind Industry Association’s industry statistics 2018, made by DAMVAD Analytics.

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-2017 was a challenging year for the industry where price squeeze and international competition accelerated. Therefore, it is particularly encouraging to witness the wind industry’s progress in 2017 and how they are now at a so far unseen level – just like the industry saw a good net growth in number of employees, said Jan Hylleberg, Managing Director of the Danish Wind Industry Association. He continues:

-Since 2010, the revenue has increased by 47.8 percent, which emphasises the demand on the Danish wind industry’s products and services. This also includes the number of full-time employees in the entire wind industry, which has grown by 11.8 percent since 2014 despite intensified global competition.

The revenue per employee in 2017 was about DKK 3.5 million, the highest level reached since the Danish Wind Industry Association started making their industry statistics.

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Continued growth demands political efforts
The companies in the Danish wind industry are located across Denmark and, in 2017, employment increased in three out of five regions. The biggest growth happened in region Zealand with a 10.7 percent increase corresponding to 210 new employments, followed by the region of Southern Denmark with a 6.2 percent increase corresponding to 501 new employments. The presence of the wind industry in Denmark entails that, last year, 2.3 percent of employees in the private sector worked in the Danish wind industry.

-There continues to be a big potential for growth and job creation due to the international demand for Danish wind solutions. This is clear in the numbers for 2017. At the same time, it is important to stress that continued progress demands that Denmark keep up our efforts in offshore and onshore wind energy. Without a home market and excellent conditions e.g. for tests and innovation, I assess that it could become difficult to maintain our globally leading position, which has led to the industry’s growth, said Jan Hylleberg, referring to the ongoing political negotiations for an updated, national energy agreement in Denmark.

-Source: The Danish Wind Industry

 

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