wind

China produced almost half of new global wind installations in 2015 finds new Global Data report

According to research and consulting firm Global Data , Chinese wind energy installation accounted for almost half of new global wind installations with a total annual capacity of 30.5 GW

The company’s latest viewpoint report also finds that the second largest wind capacity installer in 2015 was the US, with 8.6 GW, followed by Germany, Brazil and India, with 6.1 GW, 2.6 GW, and 2.6 GW respectively. China is expected to maintain its leading position in 2016 with an annual installed capacity of 23 GW, aided by a supportive regulatory scenario, low average turbine prices, and transmission infrastructure development.

“After focusing on increasing its installed capacity, China’s 13th Five Year Plan has raised the 2020 wind target to 250 GW, and aims to shift the focus from scale expansion towards quality and efficiency” said Ankit Mathur, GlobalData’s Practice Head for Power. “Indeed, the Operations and Maintenance (O&M) market in China, and all over the world, is poised for a growth phase. Most original equipment manufacturers witnessed an increase in service revenue in 2015 over 2014, as turbine maintenance continued to provide steady revenue. Companies such as Gamesa, Vestas and Nordex performed strongly in 2015 in terms of O&M revenues.”

Mr Mathur added that revenue opportunities are motivating technological innovation and service improvements, with the motivating factor being, apparently, producing better results, given that O&M revenue has been increasing quarter on quarter, and turbine manufacturers are aggressively targeting this market.

China is well on track to meet and even exceed its future wind targets, with GlobalData recently projecting that the country would have a cumulative installed capacity of 495 GW by 2030.

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Global Data