Figures from Make Consulting show the top 25 operators had portfolios totalling some 170GW of wind power plant at the end of 2015, making up 41% of worldwide capacity.

This is down from the 42% recorded in 2014 and 47% in 2012, as smaller balance-sheet owners gain ground in an increasingly fragmented asset ecosystem.

"Smaller owners continue to acquire existing assets and capture an increasing share of new growth, especially in the EMEA [Europe, Middle East and Africa] and APAC [Asia Pacific] regions," says Make in its Global Wind Power Asset Ownership 2016 report.

"Europe's