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Chinese firm making Siemens turbines was offshore wind leader in 2016

Siemens' 6-MW turbines. Source: Siemens AG. www.siemens.com/press

Feb 23 (Renewables Now) - A Chinese company supplied nearly 60% of the 832 MW of new offshore wind turbines commissioned in 2016 globally, according to Bloomberg New Energy Finance (BNEF) data.

Shanghai Electric Wind Power Equipment (Sewind) ranked first for offshore wind last year with 489 MW. Since it makes Siemens (ETR:SIE) offshore turbines under license in China, the company actually installed 388 MW of Siemens turbines and 101 MW of own design machines, BNEF says.

Thanks to two projects in the Netherlands and Taiwan, Siemens ranked second in 2016 under BNEF’s methodology.

A recent report by the Global Wind Energy Council (GWEC) shows that China installed 592 MW of offshore wind in 2016, entering the global top three alongside Germany and the Netherlands. The focus of the GWEC and BNEF reports is different, but both show that the Asian offshore wind market is on the rise, something that is visible also in everyday news of contracts for consultancy, engineering or other services in Asia, and especially China.

The Chinese offshore market began what many hope is the sector’s long awaited take-off in 2016, GWEC says in its annual wind report, released earlier in February.

Meanwhile in Europe, 2016 was a record year for financing deals for offshore wind parks that will be built over the next few years, BNEF noted. Still, the global commissioned capacity figure was far below 2015’s 4.2 GW.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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