Wind Power Service Market to Almost Double by 2020: Make

The market for servicing wind turbines will almost double by 2020 as capacity grows, the Danish advisory firm Make Consulting said.
 
Annual revenues from monitoring and repairing wind turbines may surge to more than $13 billion in 2020 from $7.1 billion last year, Aarhus, Denmark-based Make said today in a report. It projected that 300 gigawatts of capacity will be installed through 2020, doubling current generating capacity and boosting the needs for maintenance.
 
Turbine manufacturers including Vestas Wind Systems A/S (VWS) and Gamesa Corp. (GAM) Tecnologica SA are ramping up efforts to secure service contracts, which Vestas says yield higher margins than turbine sales and increase profitability. More than half of servicing worldwide is carried out by turbine manufacturers, Aaron Barr, a consultant at Make in Boston said in an e-mail.
 
Manufacturers “are attracted to the services market due to reliable and repeatable high margin revenue, primarily due to the growing fleet of serviceable wind turbines,” Barr said. “This focus is reinforced by uncertainty on new turbine sales orders and technical competitive advantages” that they have over independent service providers and the utilities that own the wind farms.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OMCO Origin® Factory-Direct Trackers

OMCO Origin® Factory-Direct Trackers

A One-In-Portrait (1P) solution for a wide range of solar projects within utility scale, distributed generation (DG), and community solar markets manufactured and factory preassembled in the USA at OMCO Solar with full-scale support, and design for quick, easy and safe installation, and fewer trackers per MW. OMCO makes all structural components with domestic steel and this balanced design allows for more accurate targeting and reduced energy consumption. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.