Wind Power Market Update 9M 2017

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$500

Order Intake: 9M 2017 witnessed an increase of over 37% in the new publicly announced order intake over 9M 2016. Q3 2017 order intake increased by 42% year-on-year (YoY) over Q3 2016 and by 29% compared with Q2 2017.
During the first three quarters of 2017, the US, Spain, Germany, the UK, and India were the top five countries in terms of order intake, with capacities of 4.82 gigawatts (GW), 4.11 GW, 3.67, 3.46 GW, and 3.16 GW, respectively.
Order backlogs: Major wind turbine manufacturers such as Xinjiang Goldwind Science & Technology, Siemens Gamesa Renewable Energy, Nordex SE, Senvion S.A., and Vestas Wind Systems A/S saw an increase in their order backlogs as of Q3 2017 compared with Q2 2017. The order backlog has advanced positively because of higher order intake activity.
Operations and Maintenance Market: Most original equipment manufacturers (OEMs) witnessed rising service revenues, fostered by their fleets being under maintenance as of Q3 2017, and turbine maintenance continued to offer steady revenues.
European Region Witnesses Swift Rise in Demand: Europe added 6.1 GW of wind power capacity in H1 2017, of which onshore wind accounted for 4.8 GW and offshore wind accounted for 1.3 GW. The offshore wind sector has now advanced beyond its Northern European region toward North America, East Asia, India, and other places. A rush in offshore wind power activities was witnessed in Germany, the UK, Belgium, and Finland.
Onshore Wind turbine prices bottomed out in 2017: Global average onshore wind turbine prices bottomed out in 2017 and reached $0.98m per megawatt (MW).

Scope

The viewpoint covers quarterly order intake for wind turbines between Q1 2015 and Q3 2017, order intake has been further classified into top five countries for first three-quarters of 2017. It also covers wind turbine installations in major markets such as the US, China, Brazil, India, and Germany during the period 2014–2018. It also covers order backlog, global wind industry highlights, installation outlook for offshore and total wind energy, major developments in the offshore wind market in 9M 2017, Operations and Maintenance (O&M) performance for major OEMs along with few major O&M contracts, wind power policy updates in 9M 2017, global wind turbine price trend for 2012 to 2017 and its expected trend along with average price for Vestas and Goldwind turbines.

Reasons to Buy

To understand the global wind market performance in 9M 2017 and expected market trends in the near future.

Vestas Wind Systems A/S
Nordex SE
Siemens Gamesa Renewable Energy
Suzlon Energy Limited
Senvion SA
Xinjiang GoldWind Science & Technology Co.
Ltd.
Innogy
Global Infrastructure Partners
ENGIE
Fujian Fumin New Energy
Strait Power Generation
Xiamen China International Power Development
Greencoat UK
Kyuden Mirai Energy
DONG Energy
EnBW

Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 2

2 Wind Power Market Update 9M 2017 2

2.1 Wind Turbine New Order Intake from 2015–Q3 2017 3

2.1.1 High Level of Order Activity Backlog 3

2.2 Market Outlook: Wind Annual Capacity Additions to Slow Down in 2017 3

2.2.1 Demand Outlook, 2016–2018 3

2.2.2 The US: Offshore Wind Installation Momentum Continues 4

2.2.3 China: Leads the Global Market for Wind Power Growth 5

2.2.4 Brazil: The Largest Wind Power Producer in the Latin American Region 6

2.2.5 India: The Second Wind Auction of 1 GW Attains Lowest Wind Tariff of INR2.64 per kWh 8

2.2.6 Germany Ranks First in Offshore Wind Installations in Europe, with the Netherlands in Second Position, and the 2017 Renewable Energy Sources Act Paving Way for Shift toward Auctions 9

2.3 Offshore Wind Outlook – European Region Witnesses Swift Rise in Demand 10

2.3.1 Major Developments in the Offshore Wind Market, 2017 11

2.4 Operations and Maintenance Market: Rising Service Revenues Fostered by Fleet under Maintenance 14

2.4.1 Operations and Maintenance Performance 14

2.4.2 Major Operations and Maintenance Contracts, 2017 15

2.5 Wind Power: Policy Updates in 2017 18

2.6 Wind Turbine Generator Pricing 21

2.6.1 Global Wind Turbine Generator Pricing 21

2.6.2 Onshore Wind Turbine Generator Prices Bottomed Out in 2017 21

3 Appendix 23

3.1 Bibliography 23

3.2 Abbreviations 23

3.3 Disclaimer 24

Table

Table 1: Order Activity Backlog (MW), 2014– Q3 2017 3

Table 2: Wind Installation Outlook (MW), 2016–2018 3

Table 3: The US, Five Major US states when it comes to wind power capacity additions, Q1–Q3 2017 5

Table 4: Wind Power Market, China, Regional Approval Pipeline List for 2017–2020 6

Table 5: Wind Power Market, Brazil, Major Deals, H1 2017 7

Table 6: Offshore Wind Installation Outlook (MW), 2016–2018 10

Table 7: Offshore Wind, Global, Asset Transactions (Announced and Completed), 2017 12

Table 8: Offshore Wind, Global, Acquisitions (Announced and Completed), 2017 13

Table 9: Operations and Maintenance Performance, 2012– H1 2017 15

Table 10: Major Operations and Maintenance Contracts, 2017 16

Table 11: Policy Updates, 2017 18

Table 12: Abbreviations 23

Figures

Figure 1: Global New Order Intake, Publicly Announced (GW), Q1 2015–Q3 2017 3

Figure 2: Wind Power Market, Global, Major Developments 4

Figure 3: The US, Annual Installed Capacity, 2014–2018 4

Figure 4: China, Annual Installed Capacity, 2014–2018 5

Figure 5: Brazil, Annual Installed Capacity, 2014–2018 6

Figure 6: India, Annual Installed Capacity, 2014–2018 8

Figure 7: Germany, Annual Installed Capacity, 2014–2018 9

Figure 8: Global Wind Turbines, Average Price Indexed at 2012 (%), 2012–2017 21

Figure 9: Vestas, Average Selling Price (per MW), 2011–Q3 2017 21

Figure 10: Goldwind, China Domestic Average Selling Price (per MW), January 2014–September 2017 22

Frequently asked questions

Wind Power Market Update 9M 2017 standard reports
Currency USD
$500

Can be used by individual purchaser only

$1,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Wind Power Market Update 9M 2017 in real time.

  • Access a live Wind Power Market Update 9M 2017 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.