European Wind Turbine Market Outlook Update Q4 2020

Despite major disruptions to production & assembly, installation of new wind farms over the first half of 2020 was “Business As Usual”, a similar trend to follow during Q4 2020

The wind industry supply chain experienced major disruptions in the first semester, particularly in relation to the production and assembly of wind turbine components and to imports of raw materials and other subcomponents, mainly from Asia. In Europe, many factories experienced short temporary closures. Some facilities had a reduction of workers due to the implementation of social distancing. Consequently, the construction of new wind farms in Europe was impacted both when the COVID-19 outbreak in Asia disrupted supply chains, as well as when lockdown policies across several European countries affected the movement of workers and goods soon after. However, despite major disruptions to production and assembly during Q1 and Q2 2020, the installation of new wind farms over the first half of 2020 was comparable to previous years. Europe managed to install 5.1 GW, 3.9 GW of which were onshore and 1.2 GW were offshore. The onshore installation figures are just above the average of the previous three years (3.7 GW).

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• Enlight Renewable Energy announced it has completed the transaction to acquire control in a huge wind power generation project in Sweden. Enlight will invest €435 – 445 million in building the project, which has a total capacity of 372 megawatts and has obtained the main required permits for its construction, which will begin immediately.
• Siemens Gamesa has closed the largest order to date for its 5.X platform with a new deal to supply 372 MW of the SG 5.8-170 turbine for the Björnberget project in Sweden.

• At the end of the third quarter, the Nordex Group received an order for the delivery of thirteen N133 / 4.8 wind turbines in the UK. The order also includes a 15-year premium service contract for the turbines linked to production-based availability.
• France submits the final 2030 National Plan: The Plan foresees up to 34.7GW of onshore wind in 2028. And the Government boosted up offshore wind ambitions to 5.2-6.2 GW by 2028 on the back of the competitive price. France is also betting on cost reductions in the floating wind. 750 MW auctions of floating wind are now scheduled by 2022.

• Power Transmission Utilities
• Power Distribution Utilities (DISCOMs)
• Original Equipment Manufacturers
• Power Traders
• Banks/Financial Institutions/Project Financing Agencies
• EPC Service Providers
• Consultants
• Research Firms/Research Institutions
• Regulatory Bodies
• Government Agencies

• General Electric
• Vestas
• Suzlon
• Inox Wind
• Wind World
• Indowind Energy Limited
• Siemens Gamesa
• Envision Energy
• Acciona Nordex
• ReNew Power
• Enercon
• Orient Green Power Ltd.
• Enel Green Power India Pvt Ltd
• Senvion India Pvt Ltd
• Continuum Wind Energy India Pvt Ltd
• Hero Future Energies Pvt Ltd
• Indian Wind Turbine Manufacturers Association