asia as the future growth market for wind energy? aidan cronin, vestas wind systems a/s ewec milan...

Asia as the future growth market for wind energy?

Aidan Cronin, Vestas Wind Systems A/SEWEC Milan 2007

This presentation is meant for debate only and does not purport to represent the thoughts, plans or strategies of Vestas Wind Systems A/S or any

of its subsidiaries.

Vestas reserve the right to change this presentation before delivery

2

The forecasts

Global Wind Power ForecastCumulative MW by end of 2006 & Forecast 2011

0

20,000

40,000

60,000

80,000

100,000

120,000

Europe USA Asia Rest of World

2006 (74,306 MW) 2011 (203,151 MW)Source: BTM Consult ApS - March 2007

Global Wind Power ProjectionsCumulative MW - Forecast 2011 & Prediction 2016

0

40,000

80,000

120,000

160,000

200,000

Europe North America Asia Rest of World

2011 (203,151 MW) 2016 (455,852 MW)Source: BTM Consult ApS - March 2007

3

Maturity in Asian Markets

4

The challenges in ASIA

• Support or sufferance??• Turbine market tight but;

• New entrants• European Licensing• European designs• Local designs• Certification

• Grid • Sufficient capacity?• Access• Correct type • Correct control

• Main components• High local content• New entrants

• Powering up wind brains• Higher prices of RM – Big v Bigger• IPR WAR

5

Asian opportunities

• Environment with a big W E is back• The carbon question• The carbon answer• The coal question

• Market Growth line of 3 years ahead in wind

• Huge economic growth and growth in energy use

• Power at a premium• You will see wind at a New

scale & new system

6

Wind in the Asian Future?

• Water - soon the new Oil?• Beware the myth of success

• Using an old set of wheels when we need new• Power Systems and wind need to be reinvented in the next 10

years

• The time tunnel & mission impossible• Mature or adolescents????• Asian menace or Asian millennium?

7

WIND

--POWER with VISION--

GRAZIE