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.
Masdar and Larsen & Toubro to discuss Middle East solar opportunities in webinar
CSP Today's complimentary webinar will identify the key markets in the Middle East for Indian companies to expand their business in.
Ballard Signs Fuel Cell Licensing & Engineering Services Agreement With M-Field in Europe
Ballard Power Systems today announced that it has signed a definitive agreement for the sub-license of intellectual property (IP) to M-Field Energy Corporation ("M-Field"), a sustainable energy company, for material handling systems to be deployed in Europe.
The GRC Awards - Seeking the Best in Global Geothermal - Deadline for Nominations is Today
The 33rd Annual Award winners will be announced at the GRC Annual Meeting in Portland, Oregon, USA.
REC Solar and KIUC Break Ground on 12 MW Anahola Solar Array
Commercial solar installer begins construction on one of Hawaii's largest solar projects
Siemens Extends US Product Offering with 215 and 250 Watt AC Solar Microinverters
This easier installation also allows for savings in labor and materials costs and increases safety during the installation of the solar system.
First Solar Set to Build Largest PV Solar Power Plant in Latin America
141MW Luz del Norte project supports Chilean renewable energy goal
SolarWorld: China's cyber-espionage affords dual unfair edges in trade struggles
Four out of five targeted U.S. companies and a union were challenging Chinese trade practices
Resource efficiency, system integration and stable policies are challenges ahead for the bioenergy sector.
Technology no longer a barrier.
VAULT.COM UNVEILS LAW FIRM PRACTICE AREA RANKINGS FOR 2015 MORRISON & FOERSTER RANKED AS THE NO. 1 CLEAN TECHNOLOGY LAW FIRM
VINSON & ELKINS TAKES THE TOP SPOT IN ENERGY LAW
New HOBO® Plug Load Logger provides accurate equipment energy use data in rugged, easy-to-deploy package
Onset Announces Plug Load Data Loggers
REA tells EU leaders: Set national renewables targets to put EU on track to a secure energy system
As UK renewable energy rises to 5.2%, European leaders urged to set national 2030 targets to reduce dependence on fossil fuel imports
Intersolar 2014 - Bornay presents its Solar Microstation in the sector's largest international fair, in Munich
Intersolar receives 44.000 visitors in three days
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CG, as part of the FICG consortium, receives order in excess of €150 mio, for the offshore wind project "Gemini" in the Netherlands"
Design, deliver and install 2 HV offshore substations and 1 HV onshore substation----
Supply and secure low carbon electricity to over 785,000 households----
Reduce emissions of 1,250,000 tons of CO2
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