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wind turbine industry

Top 3 Western Wind Turbine OEMs to Control 60% Market by 2028

The top five global wind turbine OEMs are expected to control 75% of the sector by 2028, while the leading 3 western OEMs will increase their market share to 60% Market share consolidation by global wind turbine original equipment manufacturers (OEMs) is set to intensify. After a decade of fragmentation, the top five global turbine […]

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Global Wind Energy Market to Reach $124.6 bn by 2030

Significant capacity additions in the APAC region are expected to increase the market size of the global wind energy market to USD 124.6 billion by 2030 The global wind energy market size increased from USD 71.6 billion in 2010 to USD 96.4 billion in 2018. During the 2019–2030 forecast period, significant capacity additions in the […]

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Ingeteam Announces 1 GW Wind Output From India Plant

At least one firm seems happy with their time in India so far. Spanish electrical conversion and turbine control equipment supplier Ingeteam has announced the completion of 1GW of output within the first year of operations at its production facility in India. The firm, which set up its plant near Chennai in Tamil Nadu, had […]

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ABS to Install World’s Biggest Floating Wind Turbine

The project is expected to go online by the end of this year. ABS, a leading class society for floating offshore wind, is installing the world’s largest floating wind turbine of 8.4 MW capacity. Commenting on the development, ABS, Chairman, President and CEO, Christopher J. Wiernicki said “ABS has supported innovation in offshore energy since […]

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Global Wind Technology Tenders Down 26 percent in Q3 2019

Wind technology tenders activity in Q3 2019 saw a drop of 26 percent over the last four-quarter average of 58. Wind technology tenders activity in Q3 2019 saw 43 tenders announced, marking a drop of 26 percent over the last four-quarter average of 58, according to a new analysis. According to GlobalData’s power industry tenders […]

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MHI Vestas Selected for Scotland’s 1.1 GW Offshore Wind Farm

MHI Vestas has been selected to supply and service up to 114 wind turbines for the 1.1 GW Seagreen Offshore Wind Farm in Scotland MHI Vestas has entered into a preferred supplier agreement with Seagreen Wind Energy Limited to supply and service up to 114 wind turbines for Scotland’s newest and largest offshore wind farm, […]

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Equinor Makes FID on Floating Offshore Wind Farm in Norway

Equinor has made an FID for the Hywind Tampen floating offshore wind farm development in Norway. Equinor has announced that it has, along with the Snorre and Gullfaks partners, made a final investment decision (FID) for the Hywind Tampen floating offshore wind farm development in Norway. The Snorre and Gullfaks oil and gas platforms which […]

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Dominion Energy Planning Largest Offshore Wind Project in US

Dominion Energy is proposing the largest offshore wind development in the US worth 2600 MW, to provide more renewable energy to its customers Virginia-based power and energy company Dominion Energy, which serves nearly 7.5 million customers, is proposing the largest offshore wind development in the US to provide more renewable energy to its customers in […]

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US to add 14.6 GW Wind Capacity in 2020, Setting new Record

The US wind market will add a record-breaking 14.6 GW of wind capacity in 2020, as wind power developers (WPDs) rush to finish before the phase-out of Production Tax Credit in 2021 A new report has revealed that the US wind market will add 14.6 gigawatts (GW) of capacity in 2020. The record-setting mark underlines […]

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