Renewable Energy
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Denmark rules the roost This now huge market is dominated by a manufacturer from a tiny country – Denmark’s Vestas. The company grew with the industry in its domestic market, where development was rapid. Denmark’s fi rst turbine was connected to the grid in 1975 in response to the anti- nuclear movement. The government moved in with substantial support in the form of grants and premium revenue incentives and by 1980 there were 20
China is the world’s fastest-growing wind market. In fact, most of the world’s turbines are now made in China, where manufacturers have experienced explosive growth. The fi rst Chinese company to enter the world’s top ten did so in 2007, but by 2010, four had made it, led by Sinovel, which overtook the US’s GE Wind to become number two. However, there are barely any Chinese turbines installed outside its booming domestic market, which grew by 37
China is the world’s fastest-growing wind market. The fi rst Chinese company to enter the world’s top ten did so in 2007, but by 2010, four had made it, led by Sinovel, which overtook the US’s GE Wind to become number two
turbine manufacturers in the country. When the Danish market later suff ered
from reduced government support, Vestas’ solid track record enabled it to move to the US, where California had woken up to renewables and introduced fi nancial support for wind. The state is now the world’s largest wind turbine manufacturer, both in terms of annual installations and cumulative installed capacity, with a market share of 14.8 percent. Its turbines are installed in almost all markets and it is among the top three suppliers in all of the ten largest worldwide, apart from China and Canada.
Emerging markets Wind manufacturers in Germany and Spain also benefi ted from early government support – Germany’s Enercon is the world’s fi fth largest manufacturer and Spain’s Gamesa is at number eight. However, the leading European
markets are now stagnating due to saturation and government wobbles. Manufacturers are increasingly looking to emerging markets for growth. Brazil is a current hotspot – Gamesa opened a factory in July and Vestas is planning to begin manufacturing this year.
WWW.CARBONWARROOM.COM ISSUE 04. SEPTEMBER 2011
percent last year. In 2010, just 13 were installed in foreign markets. Most are aiming to increase exports, with the US being the most coveted target. Chinese manufacturers are still
trying to shake off their reputation for unreliable turbines, which resulted from their early strategy of licensing designs from some of the
The amount of 23.7%
Europe’s wind energy expected to be
generated by off shore installations by the year 2015
smaller European manufacturers and reproducing them cheaply. The US market struggled in 2010, with installations down by half on 2009, resulting in the loss of its pole position in annual installed wind capacity to China, due mainly to the fi nancial crisis, policy uncertainty and low gas prices. But President Obama continues to push for legislation requiring utilities to source a percentage of their power from renewables, and BTM Consult’s forecast shows growth of up to 15GW a year by 2014. US manufacturer GE Wind leads its domestic market, with a share of 43.3 percent. Vestas and Siemens are the other major players, but follow signifi cantly behind with market shares of 17 percent and 13.1 percent respectively.
Offshore wind Meanwhile, off shore wind is showing promise, despite being seen as a riskier investment. Centred mainly in the UK, Germany and North Sea, off shore installations are forecast to generate 23.7 percent of Europe’s wind energy by 2015. China and the US are also looking to expand. BTM predicts off shore will be 9.6 percent of the global market by 2015.
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