asia as the future growth market for wind energy? aidan cronin, vestas wind systems a/s ewec milan...
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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
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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
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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?
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WIND
--POWER with VISION--
GRAZIE