Alstom Wind Sees Turbine Growth in Europe Offshore Bids

Wednesday, March 21, 2012

Alstom SA, the third-largest power-equipment maker, expects higher sales for its wind turbines this year and next, buoyed by growing demand in Brazil and offshore bids in Europe.

“We’ve improved all our financial indicators this fiscal year,” ending March, compared with last year, including sales, order intake and operational performance, Alstom renewable unit chief Jerome Pecresse said in a March 15 interview. “We’re expecting growth to continue next year.”

“We’re seeing strong growth of the Brazilian market this year,” Pecresse said at company headquarters near Paris.  “We’re also seeing the pickup of the offshore wind industry in Europe,” which should account for “several gigawatts of new installs per year” within five years.

Alstom entered the wind market through the purchase of Spain’s Ecotecnia in 2007. It has yet to crack the top 10 global suppliers in the industry, though today it’s inaugurating a prototype for offshore farms to gain market share, at a time when the land-based wind market is suffering from overcapacity. (Bloomberg)

A half-decade boom in onshore wind-farm installations in the U.S., Europe and Asia fueled competition among turbine makers, forcing them to cut prices. Denmark’s Vestas Wind Systems A/S, the world’s largest producer, and Suzlon Energy Ltd. reported wider-than-expected losses last month.

 “There are overcapacities in many geographical areas,” the Alstom executive said. “In the long run, that will progressively translate into the concentration of the industry,” as building offshore wind turbines requires “significant” balance sheets, and “a good deal of customers will focus on a limited number of suppliers.”

Alstom’s wind business has remained profitable even as prices slumped, thanks to the company’s global footprint, which allows it to buy parts such as forgings in India and China, and “established” relations with utilities, Pecresse said.

Alstom, which has wind turbine plants in Spain, Brazil and Texas, may seek a partner to develop its business in Asia, where it has no wind footprint, Pecresse said.

Still, “offshore, Latin and North America are the priorities,” he said.

The plant in Amarillo, Texas, only has “a few small contracts,” amid a “very competitive backdrop” in the U.S.


 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Joe Pyne Joins DHT Holdings’ Board of Directors

Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors.

TEN Charters Tanker at 20% Premium

Tsakos Energy Navigation Limited announces two-year charter renewal at a 20 percent premium to prior contract reflecting strong tanker market fundamental, oil price

Huntington Ingalls Cites Interest in Building US Icebreakers

Huntington Ingalls Industries Inc, which builds aircraft carriers and U.S. Navy warships, on Tuesday said it was keen to bid to build new icebreakers for the U.

Offshore

Latest ShipConstructor Update Targets Offshore

With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management.

MODEC FPSO Achieves First off Brazil

MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil,

AFBO to Provide Security in Arctic Waters

State of the Arctic Council to establish a new mechanism to strengthen operational cooperation and coordination of activities at sea. This is dictated by the

Energy

Nigeria Ramps up Push to Eradicate Oil Theft

Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities,

MN: Corvus Energy

The Company: Corvus is a manufacturer of proven, high power Energy Storage Systems (ESS). Its field proven battery systems provide power to hybrid and fully electric marine propulsion systems.

Brent Crude Falls More than 7 Percent

Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived

Wind Power

Hurricane Ignacio Gains Strength but Expected to Bypass Hawaii

Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.

MHI, SBG Invest in Wind Energy Startup Altaeros Energies

Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to

What Have We Learned From Hurricane Katrina?

To mark the 10th anniversary of Hurricane Katrina, specialist insurer Allianz Global Corporate & Specialty (AGCS) has released a report analyzing windstorm risks

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1851 sec (5 req/sec)