According to MAKE, the recently announced switch from a FIT scheme will bring new growth to Chinese wind power once the auctions are established in the region. Annual grid-connected wind power capacity is set to overtake installed capacity in China this year and stay ahead over the next 10 years. Curtailment and the transition from a feed-in tariff…
Africa wind capacity expected to grow by 30 GW within the next decade
Increasing demand for electricity, decreasing costs for wind power and an expanding track record of project execution strengthens the position of wind power in key markets in Africa, according to MAKE. These factors catalyze growth in a region that reached about 5 GW of cumulative capacity at the end of 2017. Development in Africa will…
Expect an installation boom in the U.S. wind market
U.S. wind developers are set to take advantage of the final stretch of the production tax credits (PTC), installing more than 30 GW of new capacity over the next three years, according to new research at MAKE. Following this boom, annual wind installation volumes will begin to decline as the PTC phase-out begins, though projects…
Auctions and drive for lower LCOE drive unprecedented growth in wind turbines
Competition is forcing wind-turbine OEMs to intensify the pace of innovation to lower LCOE, according to the latest research from MAKE. To improve competitiveness in auctions across global markets, wind-turbine OEMs have accelerated the pace of new product introductions, often with larger rated turbines and longer rotors. OEMs will exploit design margins, optimize investments in the…
Middle East to add 12 GW of wind capacity over the next 10 years
Wind power markets in the Middle East will add 12 GW of new capacity between 2018 and 2027, according to MAKE’s 2018 Middle East Wind Power Outlook. The region will benefit from improved macroeconomic stability, which will generate strong growth for power demand. In addition, a desire to diversify economies, significant reductions in wind power…
MAKE issues new guidance for repowering wind turbines in the U.S.
MAKE’s initial guidance on 80/20 repowering was only to count nacelle swaps for new unit builds, driven pre-dominantly by the need to capture a change in turbine OEM branding for those sites. Over the course of the past nine months, repowering activity has accelerated, with many turbine OEMs dedicating substantial resources to this effort.…
Make Consulting releases new Wind Power Market Outlook Update
Global Wind Power Market Outlook Update presents an analysis of global and regional wind-power installation forecasts through 2026. The report shows that the proliferation of auction mechanisms globally has generally had a beneficial impact, driving and further accelerating cost-out measures, and resulting in a significant amount of wind capacity awarded. As markets transition fully into an auction…
Wind energy outlook for the Middle East & Africa
Wind-power capacity added in the Middle East and Africa (MEA) in 2016 amounted to 676 MW, compared to the 682 MW added in 2015, says a new report by Make Consulting. MAKE’s Middle East and Africa Wind Power Outlook is a 60-plus page report that provides in-depth analysis of the wind-power markets in Middle East…
Record-low prices awarded at auctions indicate competitiveness of renewables
Editor’s note: According to new research from MAKE Consulting, technological improvements, economy of scale, and aggressive market competitions continue to deliver on lowering the levelized cost of electricity (LCOE) of renewables. MAKE’s LCOE Research Note examines the evolution of the cost of wind and solar energy, and other forms of power generation in 14 key global markets.…
MAKE Consulting releases new global wind turbine O&M sector report
MAKE Consulting has released its 2015 Global Wind Turbine Operations and Maintenance Report, a 50-page analysis containing over 75 charts, tables and graphs of global wind power service markets and strategies. Key topics covered include the global wind turbine O&M market opportunity, service strategies of leading asset owners, availability guarantees, pricing and terms of O&M contracts…
Goodbye PTC, hello yieldcos, and more observations on the U.S. wind market in the years ahead
Wind industry growth should expect a bumpy ride with the expiration of the PTC, although yieldcos, a recent financial idea, may provide some financing relief. The second 10 years in the working life of most turbines will be a big question mark, but the advent of reliable data analytics shows good potential for lowering wind’s…
Make Consulting offers note on material advancements for wind turbine blades
A research note from MAKE Consulting examines trends in availability and use of the raw materials used for blade structures and cores. MAKE says it analyses the benefits and disadvantages in commercially accepted and emerging blades materials. It also evaluates current and future commercial demands sought by turbine and blade OEMs. This note further discusses…
Make Consult report on global wind turbine trends
MAKE Consulting’s 2014 Wind Turbine Trends is a 56-page report which provides an overview of the global wind industry’s most critical technology trends, the impact those trends have on wind energy’s Levelized Cost of Energy (LCOE) and the regional market drivers behind those trends. It focusses on new product development initiatives within the turbine’s strategic…
Make Consulting issues a regional report: Europe Wind Power Outlook 2014 and beyond
From the firm’s 119-page report: With an expected 2.5% year-over-year growth, the European wind market will stabilize in 2014 from the decline in 2013. Europe’s short term outlook from 2015 to 2016 shows declining wind demand driven by regulatory adjustments, however, MAKE forecasts an average long term growth of 2.1% per year from 2014 to…
Global Wind Turbine Supply Chain 2014
This article comes from consulting firm Make Consulting. Shifting demand and overcapacity of critical wind turbine components continues to challenge the global wind energy supply base. Divestment of production assets and successful engagement in the O&M sector have allowed several turbine OEMs to return to profitability; but the road ahead demands a delicate balance between…
Wind power to benefit from U.S. EPA clean power plan, says Make Consulting
This Flash Note from Make Consulting examines a few implications of the new carbon regulations for the U.S.power sector, particularly the impact on the wind power market in highlighted states. It summarizes the rule’s requirements and timeline. This Flash Note (for Make clients) analyses the plan’s effect on state renewable energy standards, REC markets, fossil…
Make Consulting releases First Quarter of 2014 Global Wind Power Market Outlook Update
The First Quarter of 2014 Global Wind Power Market Outlook Update recently released by Make Consulting details a market forecast for more than 50 key and emerging markets for wind power from 2014 to 2023. The forecast data include a split of expected onshore and offshore developments and an analysis of the latest order and…
Summit keynote puts operational expenditures under the microscope
Wind farms can get into financial trouble fast with just one unforeseen event, such as an unplanned gearbox change-out or a serious blade issue. And don’t try to make up the difference by cutting expenses and wages too low or you’ll fail to attract the quality of technician needed to run a profitable wind farm.…