Thursday, January 27, 2011

Betting on Siemens with Offshore Wind

A late comer to the wind turbine manufacturing industry, Siemens AG entered the wind business six years ago when it purchased the veteran Danish wind turbine manufacturer Bonus Energy. Europe’s largest engineering firm, Siemens is also one of the world’s primary suppliers of transmission infrastructure equipment. In 2010, the company’s 3 and 3.6 MW wind turbines emerged as the top choice for offshore wind projects. Currently ranked 6th in the world in terms of total wind turbine sales, Siemens is expected to creep up to among the top three wind turbine suppliers by the end of 2012. While other turbines have reported weak sales over the past year, Siemens is showing strong sales in both onshore and offshore wind arenas.

At present, the company’s turbines account for 77 percent of the installed and under development offshore wind projects in the United Kingdom, the market expected to lead the world over the next ten years, with as much as 30 to 50 GW over the next ten to 15 years. The company is also making major inroads in the United States, having been chosen to supply 130 3.6 MW turbines for the high profile Cape Wind project off of Cape Cod, Massachusetts.


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