16 January 2019

The glass ceiling of global clean energy investment – new BNEF numbers cast doubt on market approach

By |2019-05-08T19:52:25+02:00Wednesday, 16 January 2019|Categories: China, clean energy, investment trends, pv industry, wind turbines|Tags: |0 Comments

Bloomberg (BNEF) reported today a first estimate on global investment in clean energy in 2018. It dropped 8 per cent to $332.1bn.

The good news is that falling cost of wind turbines and solar panels somehow blur the impact of this sum. In terms of sectors, only wind and solar attracted more than $10bn : 

  • Wind investment was down 3% to $128.6bn (hereof offshore +14% to $25.7bn) 
  • Solar investment was down 24% to $130.8bn (mainly due to a 53% slump in Chinese investment to $40.4bn) 

In geographical terms, the downturn was mainly due to China where investment was down 32% to $100.1 billion. That was still enough to keep the top spot, followed by the U.S. (+12%), Japan (-16%), India (-21%) and Germany (-32% to $10.5bn).

The authors expect another reduction of both costs and overall investment in 2019. This would be bad news for #wind turbine and #PV cell/module makers. 

The really disappointing news, however, is the stagnation of clean energy investment for nine years in a row, as the chart shows. Since the year 2010, […]

9 January 2019

Wind Turbines: Vestas – The First Global 100 GW Wind Giant

By |2019-01-11T20:42:14+02:00Wednesday, 9 January 2019|Categories: wind turbines|Tags: |0 Comments

Danish wind turbine giant Vestas reached a total installed capacity of 100 GW in late December 2018, according to company press releases. This equals a share of 16.7 percent of the world´s total installations of c. 600 GW wind turbines. Since 1979 the company has installed 66,000 turbines in 80 countries across the globe.

Order inflow looks promising with a record 12.9 GW in 2018 after 11.2 GW in 2017. The company reinstated its original 2018 cash flow target of €400 million, revoking a profit warning in November. Revenue expectations have remained unchanged at €10-10.5bn. The annual report is due on 7 Feb. 2019.

Looking forward, Vestas underlined that they will continue the strategic transformation from a pure wind turbine player to a provider of sustainable energy solutions. This would comprise hybrid solutions, storage, grid integration as well as digital and financial services. On the production and installation side, the focus will be on scalability and a modular approach to design, products, installation and integrated solutions.

Vestas Wind Systems A/S:
Market cap: 104 […]