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Vestas Leads Wind Turbine Order Flow as Industry Heads for a Record in 2015
The briefing highlights updates in the wind market forecasts and key developments since FTI Intelligence first published the Global Wind Market Update – Demand & Supply 2014 in
FTI Intelligence has raised its forecasts for the global wind market, which is headed for a second consecutive record year in 2015. New installations globally in 2015 are expected to reach 59GW, compared to the 52GW installed in 2014. Total installations for the 2015-2019 period are now expected to reach 264GW – an increase of 5.6 percent from FTI Intelligence’s first quarter 2015 forecast. Total installations for the 2015-2024 period are expected to reach 592GW corresponding to a 3.3 percent compound annual growth rate between 2014 and 2024.
The new installation forecasts in 2015-2019 were upgraded by 12.4 percent for
FTI Intelligence estimates firm order intake for the top 10 wind turbine OEMs in the first half of 2015 was approximately 20GW. Danish-owned manufacturer Vestas leads the intake, driven by near record orders of 3GW in the second quarter of 2015. Chinese companies,
Confirmed offshore orders for the first half of 2015 totalled 1,203MW, led by Senvion (443MW) followed by MHI-Vestas (423MW) and
The Global Wind Market Update – H2 2015 Briefing also highlights the acceleration in M&A activity in the wind sector, with a large number of deals announced or finalised. On the supply side, the highlights were the recent acquisition of Acciona Windpower by Nordex, regulatory approvals of the GE-Alstom acquisition, and the merger of Chinese turbine manufacturers CSR and CNR, respectively. These deals followed the acquisition of Senvion by
There were also a number of deals involving component manufacturers, such as Ming Yang’s acquisition of China Smart’s RENergy, one of its top electric components suppliers, ZF’s acquisition plan to take over Bosch Rexroth’s industrial gears and wind turbine gearbox business, and most recently GE’s acquisition of modular blade producer Blade Dynamics.
On the demand side, onshore M&A continues to be driven by strong appetite for assets of yieldcos, including deals such as the acquisition of projects from
The Global Wind Market Update – H2 2015 Briefing includes:
- A detailed five-year market demand forecast for both onshore and offshore for nearly 50 countries for 2015-2019.
- A five-year market projection by region for 2020-2024.
- An order flow summary.
- Key M&A highlights in the first three quarters.
“In 2015, the global wind market will reach a new record of activity, driven by the extraordinary strength of China’s market,” explained
“Although the wind market still suffers from policy uncertainty, continual improvements in technology and innovations in finance are changing ‘facts on the ground’ and making wind power directly competitive with fossil fuels in growing areas of the world – despite low oil and gas prices,” says Aris Karcanias, Managing Director at
To learn more about the FTI Intelligence Global Wind Market Update – H2 2015 Briefing, please visit the FTI Intelligence website at www.fti-intelligence.com or contact us at firstname.lastname@example.org.
About FTI Intelligence
FTI Intelligence provides a clean energy subscriptions service. This service is a series of data-driven publications evaluating competitive markets, policy, finance, technology and business models across the energy spectrum. Derived from our comprehensive databases, local knowledge, and the opinions of leading industry experts and an extensive network of professionals, these publications deliver a powerful combination of strategic insight and reliable market forecasts for both established and emerging markets.
About the Global Wind Market Update – H2 2015 Briefing
The Global Wind Market Update – H2 2015 Briefing highlights updates in the wind market forecasts and key developments since the first publication of the report by FTI Intelligence which was released in
Abaigeal Healy+1.617.747.1727 email@example.com Media Contact: Michael Rosen+44.20.3727.1751 firstname.lastname@example.org