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Belgium Wind Energy - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

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    Report

  • 95 Pages
  • July 2026
  • Region: Belgium
  • Mordor Intelligence
  • ID: 5174830
The belgium wind energy market size is expected to grow from 5.85 gigawatt in 2025 to 6.28 gigawatt in 2026 and is forecast to reach 8.9 gigawatt by 2031 at 7.29% CAGR over 2026-2031. This report is Segmented by Location (Onshore and Offshore), Turbine Capacity (Less Than 3 MW, 3 To 6 MW, and Above 6 MW), and Application (Utility-Scale, Commercial and Industrial, and Community Projects). The Market Size and Forecasts are Provided in Terms of Installed Capacity (GW).

Belgium Wind Energy Market Trends and Insights

EU 2030 & 2040 Renewable-Energy Targets Accelerate Offshore Build-Out

Belgium must contribute to the EU mandate of sourcing 42.5% of final energy from renewables by 2030, positioning offshore wind as the fastest-scalable option in a country with limited land availability. The 3.5 GW Princess Elisabeth Zone secured environmental clearance in 2024 and will rely on an artificial energy island that aggregates substations, cutting per-megawatt transmission expense below EUR 50 per MWh after 2027, according to federal feasibility studies. A Constitutional Court ruling in October 2024 now allows turbines in agricultural areas if spatial criteria are met, unblocking stalled onshore repowering requests. New “go-to areas” legislation, currently under regional debate, promises 12-month permitting for pre-designated zones, though timelines vary between Flanders and Wallonia. Collectively, these policy tools compress development cycles and expand the addressable capacity pool of the Belgian wind energy market.

Belgium-UK Nautilus & LionLink Interconnectors Open New Export Revenue Pools

The 1.4 GW Nautilus high-voltage direct-current link will connect Princess Elisabeth Island to Suffolk, supplementing the 1.0 GW Nemo Link to create a 2.4 GW export corridor to the United Kingdom. Ofgem’s November 2024 approval shifted the landing point to minimize network constraint costs by over 50%. LionLink, a separate 1.8 GW route to the Netherlands, is in planning. These conduits let Belgian generators arbitrage day-ahead price spreads, improving project internal rates of return by up to two percentage points. Enhanced export optionality also eases local curtailment during windy, low-demand hours, reinforcing the economic case for larger offshore arrays in the Belgian wind energy market.

Grid Congestion & Curtailment Risk in Flanders

Elia’s network is nearing saturation as new solar and wind resources outpace grid upgrades, prompting curtailment warnings during windy spring and autumn shoulder seasons. The EUR 2.2 billion Ventilus corridor, delayed to 2028-2029, will eventually move 3.5 GW of offshore power inland but offers no near-term relief. Battery awards totaling 357 MW in 2024, including TotalEnergies’ 25 MW/75 MWh Antwerp system, are too small to absorb multigigawatt peaks. Until backbone reinforcements arrive, developers face lost revenue and lenders apply higher risk premiums, dampening growth prospects for the Belgian wind energy market.

Other drivers and restraints analyzed in the detailed report include:

  • Corporate PPAs from Petro-Chemical Clusters in Flanders De-Risk Projects
  • Green Hydrogen Demand at Port of Antwerp-Bruges Creates Extra Offtake Certainty
  • Protracted Spatial-Planning & Permitting Timelines

Segment Analysis

The Belgian wind energy market size for offshore projects will reach 4.04 GW by 2031, narrowing the onshore share that stood at 58.95% in 2025. Higher 45-50% offshore capacity factors outperform the 25-30% typical onshore range, while the artificial energy island cuts grid-tie costs and supports 15+MW turbines such as the Siemens Gamesa SG 14-236 DD. Repowering remains the dominant onshore lever, as farms built before 2005 swap sub-2 MW machines for Vestas V172-7.2 MW units that triple output on existing pads. Offshore reliance also mitigates land-use conflicts in populous Flanders, though it introduces vessel and subsea-cable bottlenecks addressed by DEME and Jan De Nul fleet additions.

Rapid offshore growth alters revenue mix. Interconnectors route surplus energy to higher-priced U.K. and Dutch grids, moderating Belgian price cannibalization. Insurance costs for offshore assets remain higher, yet two-sided CFDs de-risk downside exposure. Onshore repowering enjoys shorter construction windows and leverages existing grid nodes, reducing capex per MW. Collectively, the dual-track expansion underpins national compliance with EU targets and solidifies long-term investor confidence in the Belgian wind energy market.

Complete Report Scope:

  • By Location
    • Onshore
    • Offshore
  • By Turbine Capacity
    • Up to 3 MW
    • 3 to 6 MW
    • Above 6 MW
  • By Application
    • Utility-scale
    • Commercial and Industrial
    • Community Projects
  • By Component (Qualitative Analysis)
    • Nacelle/Turbine
    • Blade
    • Tower
    • Generator and Gearbox
    • Balance-of-System

List of Companies Covered in this Report:

  • Parkwind NV
  • Engie Electrabel SA
  • Otary RS NV
  • Siemens Gamesa Renewable Energy SA
  • Vestas Wind Systems A/S
  • DEME Offshore NV
  • Jan De Nul Group NV
  • Storm Management NV
  • Aspiravi NV
  • EDF Luminus NV
  • Elicio NV
  • C-Power NV
  • Northwind NV
  • Eneco Wind Belgium SA
  • Nordex SE
  • GE Renewable Energy
  • Senvion GmbH (Service)
  • Belwind NV
  • Ørsted A/S
  • Acciona Energía

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 EU 2030 & 2040 renewable-energy targets accelerate offshore build-out
4.2.2 Belgium-UK Nautilus & LionLink interconnectors open new export revenue pools
4.2.3 Corporate PPAs from petro-chemical clusters in Flanders de-risk projects
4.2.4 Repowering of >20-yr onshore farms boosts MW additions
4.2.5 Green hydrogen demand at Port of Antwerp-Bruges creates extra offtake certainty
4.2.6 EU-funded North Sea Energy Island hubs lower LCOE post-2027
4.3 Market Restraints
4.3.1 Grid congestion & curtailment risk in Flanders
4.3.2 Protracted spatial-planning & permitting timelines
4.3.3 Limited Belgian monopile / cable-lay vessel capacity
4.3.4 Escalating seabed-lease auction prices compress developer IRRs
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter’s Five Forces
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Suppliers
4.7.3 Bargaining Power of Buyers
4.7.4 Threat of Substitutes
4.7.5 Competitive Rivalry
4.8 PESTEL Analysis
5 Market Size & Growth Forecasts
5.1 By Location
5.1.1 Onshore
5.1.2 Offshore
5.2 By Turbine Capacity
5.2.1 Up to 3 MW
5.2.2 3 to 6 MW
5.2.3 Above 6 MW
5.3 By Application
5.3.1 Utility-scale
5.3.2 Commercial and Industrial
5.3.3 Community Projects
5.4 By Component (Qualitative Analysis)
5.4.1 Nacelle/Turbine
5.4.2 Blade
5.4.3 Tower
5.4.4 Generator and Gearbox
5.4.5 Balance-of-System
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 Parkwind NV
6.4.2 Engie Electrabel SA
6.4.3 Otary RS NV
6.4.4 Siemens Gamesa Renewable Energy SA
6.4.5 Vestas Wind Systems A/S
6.4.6 DEME Offshore NV
6.4.7 Jan De Nul Group NV
6.4.8 Storm Management NV
6.4.9 Aspiravi NV
6.4.10 EDF Luminus NV
6.4.11 Elicio NV
6.4.12 C-Power NV
6.4.13 Northwind NV
6.4.14 Eneco Wind Belgium SA
6.4.15 Nordex SE
6.4.16 GE Renewable Energy
6.4.17 Senvion GmbH (Service)
6.4.18 Belwind NV
6.4.19 Ørsted A/S
6.4.20 Acciona Energía
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Parkwind NV
  • Engie Electrabel SA
  • Otary RS NV
  • Siemens Gamesa Renewable Energy SA
  • Vestas Wind Systems A/S
  • DEME Offshore NV
  • Jan De Nul Group NV
  • Storm Management NV
  • Aspiravi NV
  • EDF Luminus NV
  • Elicio NV
  • C-Power NV
  • Northwind NV
  • Eneco Wind Belgium SA
  • Nordex SE
  • GE Renewable Energy
  • Senvion GmbH (Service)
  • Belwind NV
  • Ørsted A/S
  • Acciona Energía