China's Goldwind Displaces Vestas to Claim First Place in Global Wind
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Multibrand Service – No Matter the Make High
Turn to one-of-a-kind service for all kinds of turbines Multibrand Service – no matter the make High The wind industry is going through a critical period of change, and although in OEM: Cost-out OEM: our fast-paced industry change is nothing new, this shake-up is more Bare-bones Driven Engi- Agnostic Ser- Where there’s wind, fundamental than most – with the challenges to match. Inefficient repair loops, ISPs neering some vice Focused unexpected and unbudgeted failures well outside of the warranty period, poorly self performers Engineering monitored equipment with a limited supply chain and even turbine manufac- turers who pull out of markets altogether. Things go wrong when things don’t ISPs redefining there’s a way OEM: Service themselves Some self- turn. So providers and owners must quickly learn to adapt. Which above all else Focused and some self- performers requires one thing: innovative, cost-effective engineering. Engineering Our Multibrand Services stand out – performers With more than 20 years of multibrand OEM service experience, Siemens OEM Prod- for cost and quality Cost Competitiveness Costly Gamesa puts unparalleled assets to work on your behalf. We harness a strong Expensive ISPs uct Focused low value engineering workforce, third-party experts, vast engineering know-how and without value- Engineering: engineering proposition engineering deep market knowledge to improve your LCoE and maximize availability – focused firms no matter the market, no matter the make. focused firms Low Engineering / Innovation Focus In the multibrand service market, the combination of cost efficiency and strong, innovative engineering is rare. But one provider delivers both: Siemens Gamesa Made by our competitors, serviced like our own Your OEM is our USP Turbines and wind make for high-yield assets, but when the time comes for cost-effective service solutions, people are our most valued resource. -
Gravity-Based Foundations in the Offshore Wind Sector
Journal of Marine Science and Engineering Review Gravity-Based Foundations in the Offshore Wind Sector M. Dolores Esteban *, José-Santos López-Gutiérrez and Vicente Negro Research Group on Marine, Coastal and Port Environment and other Sensitive Areas, Universidad Politécnica de Madrid, E28040 Madrid, Spain; [email protected] (J.-S.L.-G.); [email protected] (V.N.) * Correspondence: [email protected] Received: 27 December 2018; Accepted: 24 January 2019; Published: 12 March 2019 Abstract: In recent years, the offshore wind industry has seen an important boost that is expected to continue in the coming years. In order for the offshore wind industry to achieve adequate development, it is essential to solve some existing uncertainties, some of which relate to foundations. These foundations are important for this type of project. As foundations represent approximately 35% of the total cost of an offshore wind project, it is essential that they receive special attention. There are different types of foundations that are used in the offshore wind industry. The most common types are steel monopiles, gravity-based structures (GBS), tripods, and jackets. However, there are some other types, such as suction caissons, tripiles, etc. For high water depths, the alternative to the previously mentioned foundations is the use of floating supports. Some offshore wind installations currently in operation have GBS-type foundations (also known as GBF: Gravity-based foundation). Although this typology has not been widely used until now, there is research that has highlighted its advantages over other types of foundation for both small and large water depth sites. There are no doubts over the importance of GBS. -
Ministry of New and Renewable Energy Government of India Wind Energy Division
Ministry of New and Renewable Energy Government of India Wind Energy Division Wind Turbine Models included in the RLMM after declaration of new procedure (i.e 01 November 2018) As on 28.09.2020 S. No Manufacturing Company with contact Company Incorporation Details License/ Model Name Rotor Dia (RD) Hub Height Tower Type Capacity (kW) Type Certificate Manufacturing system Certificate / ISO Certificate details Collaboration/ (m) (HH) (m) Joint Venture Date Document According to Any Outstanding Validity till Document According to Validity till Document Issues 1 M/s. Regen Powertech Private Limited 27-12-2006 Regen CoI VENSYS VENSYS 116 116.1 90 Tubular Steel 2000 ($$) S-Class/Turbulance No 07-11-2021 Vensys 116 TC ISO: 9001 : 2015 29-04-2023 Regen ISO Sivanandam, 1st Floor, New No. 1, Pulla Energy AG, B-Class (GL Avenue, Shenoy Nagar, Chennai, Tamil Nadu - Germany 2010/IEC 61400- 600030 1:1999) Phone:044-42966200 2 Fax :044-42966298/99 VENSYS 87 86.6 85 Tubular Steel 1500 IEC Class III B (GL No 26-01-2022 Vensys 87 TC Email: [email protected] 2010) 3 M/s Envision Wind Power Technologies India 12-07-2016 Envision CoI Envision EN 115 2.3 MW 115.9 90.32 Tubular Steel 2300 IEC Class III A No 09-11-2021 Envision EN 115 ISO: 9001: 2015 01-05-2021 Envision ISO (Pvt.) Ltd., Energy(JIANG IEC IIIA (GL/ IEC 61400- TC Level 9, Platina, C-59, G Block, BKC, Bandra SU) Co., Ltd., 22:2010) East, Mumbai-400051 China Tel: 022-67000988 / 080-61296200, Fax: 022-67000600 4 Envision EN2.5-131 131 100 / 120 Tubular Steel 2500 IEC 61400-22:2010 No 11-07-2023 Envision EN 131 Email: [email protected], 50Hz IEC S HH120 [email protected] TC 5 M/s. -
Investigation of Innovative Rotor Concepts for the Big Adaptive Rotor
Investigation of Innovative Rotor Concepts for the Big Adaptive Rotor Project Nick Johnson,1 Pietro Bortolotti,1 Katherine Dykes,1 Garrett Barter,1 Patrick Moriarty,1 Scott Carron,1 Fabian Wendt,1 Paul Veers,1 Josh Paquette,2 Chris Kelly,2 2 and Brandon Ennis 1 National Renewable Energy Laboratory 2 Sandia National Laboratories NREL is a national laboratory of the U.S. Department of Energy Technical Report Office of Energy Efficiency & Renewable Energy NREL/TP-5000-73605 Operated by the Alliance for Sustainable Energy, LLC September 2019 This report is available at no cost from the National Renewable Energy Laboratory (NREL) at www.nrel.gov/publications. Contract No. DE-AC36-08GO28308 Investigation of Innovative Rotor Concepts for the Big Adaptive Rotor Project Nick Johnson,1 Pietro Bortolotti,1 Katherine Dykes,1 Garrett Barter,1 Patrick Moriarty,1 Scott Carron,1 1 1 2 2 Fabian Wendt, Paul Veers, Josh Paquette, Chris Kelly, 2 and Brandon Ennis 1 National Renewable Energy Laboratory 2 Sandia National Laboratories Suggested Citation Johnson, Nick, Pietro Bortolotti, Katherine Dykes, Garrett Barter, Patrick Moriarty, Scott Carron, Fabian Wendt, Paul Veers, Josh Paquette, Chris Kelly, and Brandon Ennis. 2019. Investigation of Innovative Rotor Concepts for the Big Adaptive Rotor Project. Golden, CO: National Renewable Energy Laboratory. NREL/TP-5000-73605. https://www.nrel.gov/docs/fy19osti/73605.pdf. NREL is a national laboratory of the U.S. Department of Energy Technical Report Office of Energy Efficiency & Renewable Energy NREL/TP-5000-73605 Operated by the Alliance for Sustainable Energy, LLC September 2019 This report is available at no cost from the National Renewable Energy National Renewable Energy Laboratory Laboratory (NREL) at www.nrel.gov/publications. -
Interim Financial Report, Second Quarter 2021
Company announcement No. 16/2021 Interim Financial Report Second Quarter 2021 Vestas Wind Systems A/S Hedeager 42,8200 Aarhus N, Denmark Company Reg. No.: 10403782 Wind. It means the world to us.TM Contents Summary ........................................................................................................................................ 3 Financial and operational key figures ......................................................................................... 4 Sustainability key figures ............................................................................................................. 5 Group financial performance ....................................................................................................... 6 Power Solutions ............................................................................................................................ 9 Service ......................................................................................................................................... 12 Sustainability ............................................................................................................................... 13 Strategy and financial and capital structure targets ................................................................ 14 Outlook 2021 ................................................................................................................................ 17 Consolidated financial statements 1 January - 30 June ......................................................... -
Vestas Wind Systems (VWS.CO) Is a Danish Manufacturer of Wind Turbines Listed at the Copenhagen Stock Exchange
Vestas Wind Systems (CPN: VWS.CO) Andreas Helland Recommendation: LONG with a 13.5% HPR on a five-year horizon Executive Summary The recent share price drawdown of 25% (see exhibit 1 for share price VWS.CO 4/16/2021 chart) has created an opportunity to own a high-quality, capital light EUR business with a long runway for high ROIC growth as wind energy takes a Price 159.4 larger share of the global energy mix due to learning-curve induced Shares Outstanding 200.9 improvement in wind park unit economics. Market Cap 32,015 + Total debt 908 VWS.CO is a long-time market leader in the manufacturing and - Cash 3,174 installation of onshore and offshore wind turbines (Power Solutions) Enterprise Value 29,749 combined with the largest under-service installed base of wind turbines 52-wk high 208.7 (Services). The recent cycle’s price pressure on new installations has led 52-wk low 68.6 to consolidation with an outlook for softer competitive dynamics with Avg. Daily Volume 776,000 Float (%) 96% investments at higher ROICs going forward. 5Y Beta 0.88 The base case forecasts a 13.6% annual holding period return for a horizon of 5 years. While the stock is not cheap at the current valuation 25x EV/EBIT, the recent multiple compression from 30x EV/EBIT led by one-off market share loss to GE and Chinese players due to lapsing subsidies in their home market leaves a greater margin of safety against multiple compression eating into the returns. Summary Financials FYE, EUR 2015 2016 2017 2018 2019 2020 Revenue 8,423 10,237 9,953 10,134 12,147 14,819 Power -
Vestas Supplies V117-4.2 MW Turbines to MHI Vestas Offshore Wind for Akita Noshiro Offshore Wind Farm Project
Page 1 of 2 News release from Vestas Asia Pacific Singapore, 6 April 2020 Vestas supplies V117-4.2 MW turbines to MHI Vestas Offshore Wind for Akita Noshiro Offshore Wind Farm Project Vestas has received a 139 MW order from MHI Vestas Offshore Wind to supply 33 Vestas V117-4.2MW typhoon variant turbines for Akita Noshiro Offshore Wind Farm Project. Located in Japan’s northern Akita prefecture, the wind farm will be the first utility-scale offshore project in Japan. The wind farm is owned by Akita Offshore Wind Corporation, a special purpose company led by Marubeni Corporation, with additional Japanese project sponsors. MHI Vestas Offshore Wind will be responsible for the overall construction of the project. The V117-4.2 MW Typhoon turbine offers maximum energy production in medium to high wind speeds. It strengthens the 4 MW platform’s performance in extreme wind conditions expanding reach into areas with very strong wind and typhoon type weather. Specifically designed for the Japanese climatic conditions, this technology has fulfilled all local certification requirements and can be applied for both onshore and offshore projects. “We are happy to be able to support MHI Vestas, our joint venture that focuses on offshore wind, in their first firm order in Japan. This order showcases Vestas’ experience in Japan and our comprehensive turbine portfolio to have the right turbine variant to fit the market’s needs”, said Clive Turton, President of Vestas Asia Pacific. Vestas installed its first turbine in Japan in 1995 and has since installed a total of 629 MW. -
Offshore Wind: Can the United States Catch up with Europe? January 2016
Offshore Wind: Can the United States Catch up with Europe? January 2016 Wind energy power generation is on the rise around the world, due to its low fixed prices and lack of greenhouse gas emissions. A cumulative total of 369,553 megawatts (MW) of wind energy capacity was installed globally by the end of 2014.1 Of that total, only two percent came from offshore wind farms, which are able to capture stronger and more reliable ocean winds to generate electricity.2 Most offshore wind capacity is in Europe, where there are 3,072 grid-connected offshore wind turbines at 82 farms spanning 11 countries, for a total of 10,393.6 MW of wind energy capacity as of June 30, 2015.3 China, the leader in offshore wind in Asia, had 718.9 MW of installed capacity; Japan, 52 MW; and South Korea, 5 MW as of October 2015.4, 5, 6 In comparison, the United States is just beginning to invest in offshore wind energy, and is rapidly approaching the operational launch of its first commercial offshore wind farm. There is incredible potential for offshore wind development in the United States – the National Renewable Energy Laboratory (NREL) has estimated the United States has over 4,000 gigawatts (GW) of offshore wind potential, enough to power the country four times over.7 Installed Capacity European Union Offshore Wind Installed Capacity Offshore Wind (as of first quarter 2015) (as of first quarter 2015) Netherlands, 361 MW, 3% Sweden, 212 MW, 2% 10,393.60 Other, 60 MW, 1% Belgium, 712 MW, 7% United Kingdom, Germany, 5,017.00 2,760 MW, MW, 48% 27% 0.02 776 UNITED STATES E U R O P E A N CHINA, JAPAN, Denmark, 1,271 MW, 12% UNION SOUTH KOREA Figure 1: Megawatts of offshore wind in the world8 Figure 2: E.U. -
Renewable Energy and Related Services: Recent Developments
United States International Trade Commission Renewable Energy and Related Services: Recent Developments Investigation No. 332-534 USITC Publication 4421 August 2013 U.S. International Trade Commission COMMISSIONERS Irving A. Williamson, Chairman Daniel R. Pearson Shara L. Aranoff Dean A. Pinkert David S. Johanson Meredith M. Broadbent Robert B. Koopman Director, Office of Operations Karen Laney Director, Office of Industries Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 U.S. International Trade Commission Washington, DC 20436 www.usitc.gov Renewable Energy and Related Services: Recent Developments Investigation No. 332-534 USITC Publication 4421 August 2013 This report was prepared principally by Project Leader Lisa Ferens Alejandro [email protected] Deputy Project Leader Samantha Pham [email protected] Office of Industries Laura Bloodgood, Andrew David, Erick Oh, Samira Salem, Alan Treat, and Isaac Wohl Office of Economics Aimee Larsen and Alan Fox Content Reviewers Aimee Larsen and Brian Allen Administrative Support Phyllis Boone, Trina Chambers, and Cindy Payne Office of Analysis and Research Services Peg Hausman and Jeremy Wise Help Desk and Customer Service Division Under the direction of Robert Carr, Chief, Natural Resources and Energy Division Abstract Renewable Energy and Related Services: Recent Developments offers estimates of the U.S. and global markets for trade and investment in services essential to energy production in the solar, wind, small hydropower, and geothermal sectors, as well as discusses trade barriers affecting these services. The services span a range of industries, including consulting, engineering, construction, and equipment maintenance and repair. Global demand for such services has grown rapidly in the past five years as more and more countries strive to meet rising energy needs, reduce carbon output, and strengthen energy security by developing renewable energy. -
Decomblades Consortium Awarded Funding for a Large, Cross-Sector Wind Turbine Blade Recycling Project
Press release 25 January 2021 DecomBlades consortium awarded funding for a large, cross-sector wind turbine blade recycling project - A consortium consisting of ten project partners has received funding from Innovation Fund Denmark for the three-year ‘DecomBlades’ project which seeks to provide basis for commercialization of sustainable techniques for recycling wind turbine blades. Ten months after becoming carbon neutral, the Science Based Targets initiative verifies that Siemens Gamesa’s emission reduction strategy is aligned with what climate science says is required to meet the 1.5°C trajectory. Siemens Gamesa joins a group of 430 other global organizations who have had their targets approved by the SBTi, where only about 150 have targets consistent with meeting the most ambitious 1.5°C scenario. Ten Danish project partners have been awarded funding from Innovation Fund Denmark’s Grand Solutions program to co-fund the research and development project ‘DecomBlades’: a three-year project which seeks to provide basis for commercialization of recycling of wind turbine blades using sustainable solutions. The project partners are rooted in Denmark, but many operate all over the world and have the capability to implement solutions on a global scale. The cross-sector consortium behind DecomBlades consists of Ørsted, LM Wind Power – a GE Renewable Energy business, Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, FLSmidth, MAKEEN Power, HJHansen Recycling, Energy Cluster Denmark (ECD), University of Southern Denmark (SDU) and Technical University of Denmark (DTU). Together, these partners represent the value chain required to establish a recycling industry for composite materials – from supply, to processing, to implementation. -
U.S. Offshore Wind Manufacturing and Supply Chain Development
U.S. Offshore Wind Manufacturing and Supply Chain Development Prepared for: U.S. Department of Energy Navigant Consulting, Inc. 77 Bedford Street Suite 400 Burlington, MA 01803-5154 781.270.8314 www.navigant.com February 22, 2013 U.S. Offshore Wind Manufacturing and Supply Chain Development Document Number DE-EE0005364 Prepared for: U.S. Department of Energy Michael Hahn Cash Fitzpatrick Gary Norton Prepared by: Navigant Consulting, Inc. Bruce Hamilton, Principal Investigator Lindsay Battenberg Mark Bielecki Charlie Bloch Terese Decker Lisa Frantzis Aris Karcanias Birger Madsen Jay Paidipati Andy Wickless Feng Zhao Navigant Consortium member organizations Key Contributors American Wind Energy Association Jeff Anthony and Chris Long Great Lakes Wind Collaborative John Hummer and Victoria Pebbles Green Giraffe Energy Bankers Marie DeGraaf, Jérôme Guillet, and Niels Jongste National Renewable Energy Laboratory David Keyser and Eric Lantz Ocean & Coastal Consultants (a COWI company) Brent D. Cooper, P.E., Joe Marrone, P.E., and Stanley M. White, P.E., D.PE, D.CE Tetra Tech EC, Inc. Michael D. Ernst, Esq. Notice and Disclaimer This report was prepared by Navigant Consulting, Inc. for the use of the U.S. Department of Energy – who supported this effort under Award Number DE-EE0005364. The work presented in this report represents our best efforts and judgments based on the information available at the time this report was prepared. Navigant Consulting, Inc. is not responsible for the reader’s use of, or reliance upon, the report, nor any decisions based on the report. NAVIGANT CONSULTING, INC. MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESSED OR IMPLIED. Readers of the report are advised that they assume all liabilities incurred by them, or third parties, as a result of their reliance on the report, or the data, information, findings and opinions contained in the report. -
Suzlon China Appoints New CEO
Press Release For Immediate Release 19th November 2010 Suzlon China appoints new CEO Pune/ Beijing: Suzlon Energy today announced the appointment of He Yaozu as CEO and Country Manager of its China operations, Suzlon Energy Tianjin Limited. Tulsi Tanti, the founder, Chairman and Managing Director of Suzlon Group, said: “Suzlon has been fully operational in China now for five years. As a Group, we have a 3.4 per cent market share and have been executing contracts of up to 1 GW. We now want to take our business to the next level. “Yaozu’s extensive experience in both China and the wider region makes him an excellent fit for us at Suzlon. China is now the largest market for wind in the world and we wanted someone of Yaozu’s stature to be our Suzlon China CEO. We are confident that, with Yaozu at the helm, and the encouraging public policy regime, our business can now really take off.” Yaozu’s appointment comes at a time when Suzlon is giving a strong push to expand its China operations through initiatives including establishing an R&D centre in Tianjin, co-investing in wind farm projects, and increasing its manufacturing investment. In addition, with the appointment of Yaozu, Suzlon will be the first major international wind turbine manufacturer in China with a Chinese CEO. Yaozu has been a senior adviser to China Machinery New Energy Co, and serves as a non-executive director of China Green Power Limited. He also served on the board of Hoi Sing Industrial Holding Company. He was previously managing director of Global Infrastructure Company (Asia) Limited and, prior to that, managing director of Ogden Energy in China.