markets where Vestas is dominant, is significantly threatened by intensive Chinese intrusion
Chinese giants move closer Vestas
Published 16.11.11 pm. 06:50
The markets where Vestas is dominant, is significantly threatened by intensive Chinese intrusion.
The Chinese wind market is characterized by oversupply and aggressive price war, and it can get China's largest wind turbine manufacturers to intensify their pursuit of market share in Europe, where the cost per MW is significantly higher.
- There has been additional pressure on the surplus supply in the form of the intense price pressure. This has led Chinese companies to look to international markets, where they specifically focus on offshore market, says Caitlin Pollock, an analyst within the Chinese wind market in IHS Emerging Energy Research, the net-Aol Energy.
Better hinterland
She explains that the European debt crisis has opened opportunities with the largest Chinese wind turbine manufacturers who have long leash in the banks.
The two largest Chinese manufacturers Sinovel and Goldwind has only secured loans of 8.7 billion. Euro to expand abroad, while the European Investment Bank, the EU's financing institution, has only one kreditsum in the neighborhood of 6.2 billion. euro for all projects in renewable energy in Europe.
Not only tailwind
It will not be a safe bet for Sinovel and Goldwind, respectively the world's second and fourth largest wind turbine manufacturer.
Increased shipping costs, stricter rules outside of China and a possible decline in demand in the U.S. are some of the risk factors that Chinese should have and focus on. The Chinese wind turbine manufacturers have also previously been especially notorious for their low quality, but with increasing orders from Europe are the largest manufacturers quietly by washing the reputation of himself.
The demand for high technology in Europe and the U.S. may become a problem for the small Chinese manufacturers. China's second largest wind turbine manufacturer Goldwind installed in 2010 only five per cent. of its overall intent capacity outside China.
Vestas gets U.S. orders for 139 megawatts
Published 15.11.11 pm. 09:35
Vestas has received two new orders in the U.S. totaling 138.6 megawatts.
The orders are delivered by First Wind, as the two wind projects Palouse Wind and Bull Hill has ordered total 77 paragraphs.V100-1.8 MW wind turbines.
- Both contracts include supply and commissioning as well as a 10-year service and maintenance agreement.Delivery of both projects is scheduled for mid-2012 and both projects are expected to be commissioned at the end of 2012, Vestas wrote in a message.
Vestas has now reached a new orders in 2011 to 5213 megawatts of firm and unconditional orders. The prognosis for the whole year sounds of 7000-8000 megawatts.
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