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Wind Likely to Surpass 2014 Installation Record

Wind Likely to Surpass 2014 Installation Record

  • September 2015
  • 16 pages
  • ID: 3311529
In this report:
In India, wind order intake and installations are expected to rise in 2015 due to the reinforcement of the AD incentive, which enables companies to write down ##% of the capital cost under depreciation for the purpose of calculating taxes.
China was the largest global market for capacity additions in 2014, and is expected to maintain its leading position in 2015 with an expected annual installed capacity of ## GW, aided by a supportive regulatory scenario, low average turbine prices, and transmission infrastructure development.

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Wind Likely to Surpass 2014 Installation Record

Brief

The overall wind market is likely to surpass 2014 installation record. China (CN) led additional wind installations in H1 2015 with a global installed capacity of 10.1 Gigawatts, followed by Germany (DE) (2.3 GW), the U.S. (2.0 GW), India (IN) (1.3 GW), Brazil (BR) (1.2 GW), and Canada (CA) (510 Megawatts. Overall additional publicly announced wind turbine order intake in Q2 2015 increased by 19.40 percent over Q1 2015, and 40.60 percent over Q4 2014. The United Kingdom (UK) overtook the U.S. as the biggest market for publicly announced wind turbine orders in H1 2015, followed by the U.S. and India (IN). Main wind turbine manufacturers including Vestas, Nordex, and Gamesa Corporacion Tecnologica saw an increase in their order backlogs in Q2 2015 compared with Q1 2015, due to bigger order intake activity. Most OEMs witnessed an increase in service revenue in 2014 over 2013, as turbine maintenance continued to provide steady revenue. Companies including Gamesa and Vestas had a good start in Q1 2015 in terms of O&M revenues. Revenue opportunities are motivating technological innovations and service improvement to meet the dynamic needs of the wind industry O&M business. Germany (DE) is anticipated to dominate by accounting for more than 47.0 percent of the average installations during the 2015-2016 period, while China (CN) is anticipated to occupy the second position. Average wind turbine prices have stabilized since 2014, with a marginal increase, reaching $1.10m per MW. Pricing pressures have eased due to policy stability, steady demand, and the expansion of Chinese suppliers in the Asian market.

Overview

- The market research includes quarterly order intake for wind turbines between Q1 2014 and Q2 2015

- Order intake has been further classified by country and region for 2014-H1 2015 and H1 2015 respectively.

- It also covers OEMs order backlog, overall wind industry features, installation outlook for offshore and global wind energy, order intake for offshore wind turbines in 2014 and H1 2015, main markets for offshore wind in H1 2015, operations and maintenance performance for main OEMs together with few main O&M contracts, wind power policy updates in H1 2015, feed-in-tariffs for wind power, overall wind turbine price trend for 2009 to 2015 and its expected trend together with average price for Vestas and Mingyang wind turbines.

Great reasons to purchase

- To comprehend the overall wind market performance in H1 2015 and expected market trends in close future.

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