Showing posts with label Onshore Wind Energy Market. Show all posts
Showing posts with label Onshore Wind Energy Market. Show all posts

Thursday, 21 January 2016

Innovation in Materials to Define Future of Onshore Wind Energy Market

The latest breed of wind turbines is decidedly lighter, stronger, and more efficient than its predecessors. While wind energy in itself might be a lucrative investment area, innovative materials for wind turbine manufacturing are touted as being the next multibillion-dollar opportunity.

Fresh studies validate this trend. Transparency Market Research, for instance, said in a recent study that the global onshore wind energy market had a valuation of US$89.3 bn as of 2013 and, at a CAGR of 29.6% between 2014 and 2020, will stand at US$898.0 bn by 2020. Yes, these figures substantiate the opportunities that lie in the global onshore wind energy market. But they also indicate the massive need for innovation to drive costs down to improve profitability in the face of an uptick in demand for energy, especially from renewable sources.

With onshore wind farms not having to endure conditions as hostile as offshore wind powers, lighter wind turbines and auxiliary components can help expedite the journey toward enabling wind energy to occupy a larger share in the energy consumption pie.

If Wind is to Exceed Expectations as Energy Provider, Wind Turbines Need Innovative Materials

Longer blades are now being regarded as a definite means to improve the productivity of wind turbines by giving them the ability to produce more power. Next-generation wind turbines will all likely have blades measuring 100 meters or more in length. However, longer blades naturally translate into more mass, adding to the overall weight of the wind turbine. This, obviously is an undesirable arrangement as it causes gravity to have a greater impact on the movement of the blades, rather than aerodynamics playing its part to help harness energy from wind.

The only way to counter this change, say wind energy experts, is by bringing about improvements to the way blades are designed. Even as this change brews, durability continues to remain an area of concern because even the slightest repair and maintenance tasks for onshore wind turbines can run into hundreds, if not thousands of dollars.

Which Materials are Best for Lightweight Onshore Wind Turbines?

Innovation in materials is essential for better profitability because of the sheer volume of composites that the offshore and onshore wind energy industry uses. A study conducted by the University of Cambridge, for instance, found that the volume of composite materials used by wind turbine manufacturers is ten times higher than what the aerospace and car industries collectively use.

The materials science field seeing some exciting changes in the form of self-healing materials and 3D printed components is good news for the onshore wind energy market as well.

In recent years, fiber-reinforced composite materials have emerged as the most preferred materials for not just onshore, but also offshore wind turbines. Likewise, modern wind turbines could also see a spike in output with the deployment of self-healing polymers that can give the current generation of composites unprecedented strength and lightness. While carbon fiber holds immense potential, its costs have prohibited it from being perceived as a viable alternative. This presently makes glass fiber the preferred reinforcement material for onshore wind turbines.


Research is being conducted on the efficacy of thermoplastics in wind turbine manufacturing. However, it will be at least a couple of years more before a steep change in materials usage can be reported from the onshore wind energy and wind turbine market.

Monday, 30 November 2015

Winds of Change: More than 30% of New Energy in U.S. Coming From Wind Power

The years of relentless research and development in the sector of wind power have made the industry highly sophisticated in the United States. According to a recent report released by the U.S. Department of Energy examining the overall state of clean energy technologies in the country, the swiftly rising stake of wind power in the country’s overall energy mix is highlighted. The report states that between 2008 and 2014, wind power accounted for a 31% share in the overall new power generation capacity added in the country. As of 2014, utility-scale onshore wind power production projects deployed across 39 states of the country had a combined capacity of more than 65,000 MW – enough to meet the electricity needs of more than 16 mn households. Projects that would add another 13,000 MW capacity were under construction by the first quarter of 2015.


The Rise and Rise of Wind Power in the U.S.

Wind power contributes to nearly 4.4% of the total electricity generated in the U.S. and the continuous upsurge in wind power generation capacity has yielded significant benefits for the country – it has reduced the annual water consumption of the country by more than 36 bn gallons and the annual carbon dioxide emissions by more than 115 mn metric tons. The U.S. currently ranks second in terms of cumulative wind power generation capacity. 23 states in the U.S. have nearly 500 MW of onshore wind power projects installed, and wind power exceeds 10% of the overall in-state electricity generation capacity in nine states. 

Continued advancements in technology and the development of taller wind towers with longer blades and advanced turbines are making wind power more cost-competitive and efficient in the country. The U.S. DoE projects that owing to these developments, the wind power output of the country could rise by 67%.

Sustained Investments Aimed at Improving Wind Technology Pave Way to Cheaper Wind Power in the Country

Multiple factors, such as the DoE’s sustained investments in wind power for honing the technology and enabling the development of longer blades and taller turbines, and the installation of new transmission projects, have led to a significant reduction in wind power prices in the country over the past few years. From 7 cents per kWh in 2009 to an average of 2.4 cents per kWh in 2014, the sector of wind power has transformed into one of the most cost-effective power sources in the country. The excellent positioning of projects in the central part of the country is also a factor why wind power prices have become so affordable.


The rising coordination between grid operators and wind power producers has also improved the ability of the grid to accept higher levels of wind power. Federal policies are also assisting the increased deployment of investments in the U.S. wind power sector. Together, these attempts are assisting the development of the wind energy market in the U.S. and making wind power a larger contributor in the rapidly transforming U.S. energy production portfolio. With the favorable regulatory scenario, a continuous rise in investments for R&D activities, and newer projects being deployed on a regular basis, it will be no surprise if wind power accounts for the projected 20% share in the country’s overall electricity consumption by 2030.

Tuesday, 29 September 2015

Asia Pacific Energy Scenario Witnesses Winds of Change with Growing Onshore Wind Energy Market

According to a research report published by Transparency Market Research, the global onshore wind energy market was valued at US$89.3 bn in 2013 and it is expected to reach US$898.0 bn by 2020, growing at an incredible CAGR of 29.6% from 2014 to 2020. This remarkable growth is mainly being fueled by the need to harness wind energy in times when the world is reeling under the pressure of depleting energy reserves. Thus, the wind energy market is an integral part of the overall renewable energy market.

China and India to Drive Onshore Wind Energy Market in Asia Pacific

The wind energy market has been divided into the onshore and offshore wind energy markets. The offshore segment is still in its nascent phase and is trying to capture a niche in Asia Pacific and Europe. On the other hand, the onshore wind energy market is pacing ahead, with deployment of mature technology and launch of several successful projects. Usage of wind energy is turning out to be hugely successful and popular in Asia Pacific, especially in the emerging economies of India and China.

This regional segment’s growth is also being spurred by the governments offering incentives and subsidies to wind energy production. The urgency to reach a significant level of renewable energy installations to bring down the overall carbon footprint is also expected to contribute to the growth of the global onshore wind energy market. For instance, in 2013, China was leading the onshore wind energy market, with installations totaling 16,030 MW. In the current market scenario, Asia Pacific is leading the global onshore wind energy market due to unflinching support from several governments.

Browse Market Research Report: http://www.transparencymarketresearch.com/wind-energy-wind-turbine-market.html

Recently, CLP Wind Farms India raised US$111.1 mn by issuing green bonds. According to the managing director of the company, CLP wants to stay invested in India, as it has now reached a stage of commissioning at least two projects a year. Additionally, Beijing is also pushing to expand its renewable energy generation, as the country is trying to tackle the ongoing problem of pollution; the capitals of China and India, Beijing and New Delhi, respectively, are two of the most polluted cities in the world. China aims to reach the goal of 250 GW of wind power by 2020 to curb the hazardous effects of pollution in the country.

Economic Crisis Slows Energy Market in Europe and the U.S.

Unfortunately, the recent economic crisis in Europe has become a huge impediment for the region to achieve its goal of adding wind energy installations. At the moment, the growth of the onshore wind energy market in the U.S. and Europe has been sluggish. 

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/wind-energy-wind-turbine-market.htm

Some of the key players in the global onshore wind energy market are Nordex SE, Gamesa Corporacion Tecnologica SA, Sinovel Wind Group Co., Ltd., Goldwind Science and Technology Co., Ltd., China Ming Yang Wind Power Group Limited, Vestas Wind Systems A/S, Enercon GmbH, Siemens Wind Power, Dongfang Electric Corporation Limited, and GE Wind Energy.