Suzlon was long regarded as the poster boy of India’s renewable energy industry. The company in its heyday used to be amongst the world’s top 5 wind turbine equipment producers, with billions of dollars in revenue. However expensive acquisitions, poor execution and strong competition from Chinese WTG companies made Suzlon’s life hell over the last [...]
Suzlon which is India’s biggest wind company and one of the biggest turbine suppliers in the world has never recovered from the 2008 crisis. The company which used to be the 5th biggest wind turbine supplier with a market capitalization of over $10 billion is now a shadow of its former self. The company has [...]
Quick quiz. What is common to Suzlon, Moser Baer, Indo Solar, Websol Energy systems and Orient Green Power? All these stocks had successful runs on the stock market and hyped as the next game changers in wind energy, semi conductors, solar power and hydel/geo thermal power. Valuations were more on growth stories than through an hard nosed DCF spreadsheet. But now, they trade at record lows(like other stocks but what is different is the pressing fundamental concerns in each case). Is this a bubble finally bursting, or are investors panicking?
Top European Wind Companies Vestas,Gamesa and Enercon have gained marketshare in 2010 in the Indian Wind Power Market.Note Indian Wind Energy Companies have been competing with each other as the Indian Wind Power Market starts slowing down.India installed more than 2 GW in Wind Capacity and is the world’s fifth largest market.Suzlon the biggest Indian Wind Turbine Company has seen its marketshare go below 50% for the first time to 41% as aggressive initiatives by foreign wind manufacturers pay off.Note GE,Siemens and others have been setting up blade and turbine factories in India to lower costs and improve their position.Gamesa has been the biggest winner by gaining a 10 percent marketshare taking the No.3 position from the world’s largest wind turbine company Vestas.Enercon maintaines its 2nd position with 500 MW of installations despite severe legal problems between the domestic unit and the German parent.
Wind Power in India is the 5th biggest wind energy market in the world with more than 2 Gw of wind capacity being installed in the country.However Wind Energy Companies in India are seeing increasing competition from the entry of low cost Chinese Wind Turbine manufacturers Shanghai Electric and Dongfang.Chinese Wind Companies have seen astronomical growth in the last 5 years to occupy 7 of the top 15 global positions in the top wind companies in the world from zero.On the other hand India has only Suzlon in that list. Wind Turbines in India which are not as sophisticated and advanced in the western market with most turbines being of lower than 1 MW capacity.However with increasing focus on improving the LCOE and development of low wind locations,India Turbine producers are concentrating on introducing higher capacity 2.5 MW turbines and advanced technology like “direct drive” wind turbines.
Offshore Wind Energy grew by more than 50% in 2010 and is expected to continue at above 50% growth rates over the next several years as the global installed offshore wind capacity multiples by more than 25 times over the next 10 years.The massive investments and government interest in offshore wind farms has attracted a number of companies to this sector.Top Wind Turbine Companies are leading the pack as it falls right in their domain of expertise as Wind Turbines form almost 50% of the cost of a offshore wind park.Other companies with expertise in related areas such as building foundations for the giant 5 MW and greater capacity offshore wind turbines and the logistics in transporting them also get involved.Shipbuilders from South Korea and Northrop Gruman are also getting in through JV and M&A.European Wind Companies are leading the pack as almost 80% of the current global capacity has been installed in Northern Europe.Also these companies possess a high level of expertise at building and designing wind turbines.Here is a list of the major offshore wind turbine companies.