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Increasing Installed Capacity Drives European Wind Services Market
London UK (SPX) Apr 03, 2008 The continued growth of the wind energy sector across Europe is contributing to the strong growth of the European wind services market. Operation and maintenance of wind projects, which was ignored in the past, is now being looked at more seriously due to increasing installed capacity and high costs. New analysis from Frost and Sullivan European Wind Service Markets - Trends and Opportunities, finds that the market earned revenues of 1.58 billion euros in 2007 and estimates this to reach 4.54 euros billion in 2014. "The total installed wind capacity in Europe is increasing at 20 per cent per annum," notes Frost and Sullivan Research Analyst Gouri Nambudripad. "Frost and Sullivan estimates that Europe has installed 55GW of wind energy projects by 2007, representing 65 per cent of the global capacity." While the wind energy market is growing at a tremendous rate, the service market is struggling to keep pace. Original equipment manufacturers (OEMs) are finding it hard to maintain service levels, leaving the door open for independent service providers (ISPs) and project developers, who are now forced to think of opening their own divisions to focus on O and M. A trend involving ISPs working for wind turbine manufacturers is already developing, as wind turbine manufacturers are sub-contracting service and maintenance work to ISPs. However, the traditional participants in the wind services market, the wind turbine manufacturers, are slowly facing competition from new entrants, the ISPs and in-house divisions of customers such as utilities. The entry of ISPs in the past few years has put the spotlight on price. "In more established markets such as Germany, ISPs are beginning to undercut OEMs with comprehensive packages and reduced prices," says Nambudripad. "Customers feel that the servicing prices charged by the OEMs are excessive, sometimes 25-30 per cent of total costs of the wind farm." Going forward, turbine manufacturers need to heighten their focus on providing quality service by hiring, training, and retaining more qualified staff. They also need to look at a range of service packages to keep their clients happy. European Wind Service Markets - Trends and Opportunities is part of the Green Energy Growth Partnership Service programme, which also includes research in the following markets among many others: Western European Wind Power Markets, Southeast Asian Renewable Energy Markets, ANZ Renewable Energy Markets, Latin American Renewable Energy Markets and North American Small and Medium Wind Energy Turbine Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available. Related Links European Wind Service Markets - Trends and Opportunities Powering The World in the 21st Century at Energy-Daily.com
With Ambitious EU Legislation, Wind Energy Can Provide Huge Benefits To Europe
Brussels, Belgium (SPX) Apr 02, 2008"Wind has delivered the most promising results out of all renewable energy technologies so far, with 57 GW of total capacity installed in the EU by the end of 2007. In order to ensure that this trend continues, we need to have a secure and favourable EU legislative framework", EU Energy Commissioner Andris Piebalgs told delegates at the opening session of the European Wind Energy Conference (EWEC) today in Brussels. |
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