Global Wind Energy Council

Wind Turbine Nacelle Market to Reach $40.3 billion, Globally, by 2033 at 6.3% CAGR: Allied Market Research

Retrieved on: 
Tuesday, April 30, 2024
Global Wind Energy Council, Electricity, Table, PDF, Wind, Farm, Orientation, CO2, International Energy Agency, Renewable energy

PORTLAND, Ore., April 30, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Wind Turbine Nacelle Market by Capacity (2 MW to 4 MW, Less than 2 MW, and Above 4 MW), Deployment (Onshore and Offshore), End Use (Utilities and Industrial), and Component (Gearbox, Generator, Electronic Systems, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "wind turbine nacelle market" was valued at $22.3 billion in 2023, and is estimated to reach $40.3 billion by 2033, growing at a CAGR of 6.3% from 2024 to 2033.

Key Points: 
  • The yaw system components, responsible for orienting the turbine rotor into the wind, are crucial for maximizing energy capture and optimizing turbine performance.
  • By capacity, the 2 MW to 4 MW segment held the highest market share in 2023, accounting for nearly half of the global wind turbine nacelle market revenue and is estimated to dominate during the forecast period.
  • According to the Global Wind Energy Council, wind power helped to avoid approximately 1.1 billion tons of CO2 emissions in 2022.
  • In addition, technological advancements and cost reductions in wind energy technology makes wind power increasingly competitive with conventional energy sources in the Asia-Pacific region.

Wind Turbine Nacelle Market to Reach $40.3 billion, Globally, by 2033 at 6.3% CAGR: Allied Market Research

Retrieved on: 
Tuesday, April 30, 2024
Global Wind Energy Council, Electricity, Table, PDF, Wind, Farm, Orientation, CO2, International Energy Agency, Renewable energy

PORTLAND, Ore., April 30, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Wind Turbine Nacelle Market by Capacity (2 MW to 4 MW, Less than 2 MW, and Above 4 MW), Deployment (Onshore and Offshore), End Use (Utilities and Industrial), and Component (Gearbox, Generator, Electronic Systems, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "wind turbine nacelle market" was valued at $22.3 billion in 2023, and is estimated to reach $40.3 billion by 2033, growing at a CAGR of 6.3% from 2024 to 2033.

Key Points: 
  • The yaw system components, responsible for orienting the turbine rotor into the wind, are crucial for maximizing energy capture and optimizing turbine performance.
  • By capacity, the 2 MW to 4 MW segment held the highest market share in 2023, accounting for nearly half of the global wind turbine nacelle market revenue and is estimated to dominate during the forecast period.
  • According to the Global Wind Energy Council, wind power helped to avoid approximately 1.1 billion tons of CO2 emissions in 2022.
  • In addition, technological advancements and cost reductions in wind energy technology makes wind power increasingly competitive with conventional energy sources in the Asia-Pacific region.

Global Industrial Gearbox Industry Outlook & Forecast Report 2024-2028: Emerging Wind Power Industry, Increasing Fertilizer Production, and Advances in Technology Fueling Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 28, 2024
Alternative Energy, Manufacturing, Energy, Machinery, Machine Tools, Metalworking & Metallurgy, Urbanization, Growth, Construction, Research, Wind, Sugar Research Institute, Coal, USD, Global Wind Energy Council, Car, Engineering, Renewable energy

The "Global Industrial Gearbox Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Industrial Gearbox Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The global industrial gearbox market is experiencing gradual growth due to the increasing emphasis on replacing conventional energy sources with renewable alternatives, particularly in the wind power sector.
  • The helical industrial gearbox segment dominated the global industrial gearbox market share in 2022.
  • Furthermore, the planetary industrial gearbox segment is the fastest-growing segment of the global industry during the forecast period.

Avangrid, Vineyard Offshore, Nearly Double Union Hiring Target For Vineyard Wind 1

Retrieved on: 
Friday, December 15, 2023
Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Environmental Health, Climate change, Senior, Public utility, University of Massachusetts Dartmouth, PLA, Investment, State, Southcoast Health System, Local, CIP, Growth, Electricity, Joint committee, News, Massachusetts Department of Transportation, Global Wind Energy Council, Wind, Workforce, Multimedia, House, Annual report, Project Labor Agreement, Copenhagen Infrastructure Partners, University of Massachusetts, State government, Public policy, Construction, AGR, Equivalence relation, Partnership, Diversity, FTE, Economic development, Carbon, NYSE, BIPOC, Inclusion, Unemployment, Commonwealth, Renewable energy, Telecommunications, Vineyard, Avangrid, Vineyard Wind

“Massachusetts is once again demonstrating its clean energy leadership with the nearly 1,000 union jobs created by the historic Vineyard Wind 1 project,” said Senator Ed Markey.

Key Points: 
  • “Massachusetts is once again demonstrating its clean energy leadership with the nearly 1,000 union jobs created by the historic Vineyard Wind 1 project,” said Senator Ed Markey.
  • We need to maintain this momentum.”
    “I am grateful that Vineyard Wind delivered on its commitment to creating high quality union jobs in Massachusetts,” said Representative Christopher Markey.
  • From the outset of this project, Vineyard Wind recognized the importance of building and supporting a workforce of local, highly skilled and diverse tradespeople.
  • Vineyard Wind began offshore construction in late 2022, achieved steel-in-the-water in June, and completed the nation’s first offshore substation in July.

Avangrid Completes Installation of First Five Turbines, Prepares to Deliver First Power from Nation-Leading Vineyard Wind 1 Project

Retrieved on: 
Wednesday, December 6, 2023
Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Environmental Health, Holiday, Carbon, Wind, NYSE, Workforce, Multimedia, AGR, Vineyard, Equivalence relation, ELM, CIP, Electricity, Commonwealth, Public, FTE, Global Wind Energy Council, Renewable energy, Construction, Vineyard Wind, Avangrid

Vineyard Wind 1 is an 806 Megawatt project, and when fully operational will generate enough clean electricity to power 400,000 homes and businesses in the Commonwealth.

Key Points: 
  • Vineyard Wind 1 is an 806 Megawatt project, and when fully operational will generate enough clean electricity to power 400,000 homes and businesses in the Commonwealth.
  • View the full release here: https://www.businesswire.com/news/home/20231206496263/en/
    GE Haliade-X Turbines Stand in the Vineyard Wind 1 Project Area South of Martha’s Vineyard.
  • “It's incredibly exciting that Vineyard Wind is on the verge of generating offshore wind power for regular people.
  • In July 2021, Vineyard Wind signed the first Project Labor Agreement for an offshore wind project in the United States, which outlined the creation of 500 union jobs though the project.

Energy Companies from Europe, North America, Asia, and Middle East Won Honors at S&P Global Commodity Insights' 25th Annual Platts Global Energy Awards

Retrieved on: 
Friday, December 8, 2023
Global Wind Energy Council, Television, Carbon, Woman, S&P Global Commodity Insights, Face, Hydrogen, Energy, History, CNBC, Petroleum, Masdar, RWE, Film industry, Renewable energy, Award

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- S&P Global Commodity Insights, the leading global independent provider of data, insights, analysis and benchmark prices for the commodities, energy and energy transition markets, tonight honored industry excellence in 21 performance categories and winners from nearly a dozen countries at the Platts Global Energy Awards gala held at the Cipriani Wall Street in downtown New York City. The Awards program, now in its 25th year and often described as the "Oscars of the energy industry", recognizes corporate and individual innovation, leadership, and performance in the energy and petrochemicals sectors, and bestowed honors on companies from Belgium, Germany, India, Singapore, Thailand, UK, Ukraine, United Arab Emirates and US. For a third consecutive year, CNBC correspondent Kristina Partsinevelos, whose reporting appears on television and CNBC's digital platforms, emceed the event, continuing a long history of CNBC guest hosts at the Awards gala.

Key Points: 
  • Among his many appointments, judges noted Nasser's global influence and esteem, as a member of energy thought leadership and financial institutions.
  • An independent panel of judges chose the winners of the 2023 Platts Global Energy Awards from finalists selected from nominations that represented 33 different countries.
  • Jeanette Gitobu of Belgium's Global Wind Energy Council was singled out from her peers for Rising Star Individual Award.
  • For details of these and other Awards winners of this year's Platts Global Energy Awards, access the December issue of the S&P Global Commodity Insights Magazine or visit the Platts Global Energy Awards website .

Offshore Wind Industry Poised for Growth, but Economic Pressures and Tech Innovation Need to Be Managed

Retrieved on: 
Thursday, September 21, 2023
Environment, Insurance, Consulting, Utilities, Professional Services, Alternative Energy, Sustainability, Green Technology, Energy, Pressure, Dogger Bank Wind Farm, Communication, Maintenance, Human, Orangi Pilot Project, Reed, Global Wind Energy Council, EnBW, Lithium, Wind, Net Zero Directorates, Biodiversity, Statue, Climate change, Allianz, Investment, Risk, Natural Resources, NeuConnect, Knowledge, Growth, Weather, Climate, Socialist Union of Central-Eastern Europe, Farm, Renewable energy

Emerging risks need to be explored, too, as developers prepare for widescale deployment of offshore wind around the globe.

Key Points: 
  • Emerging risks need to be explored, too, as developers prepare for widescale deployment of offshore wind around the globe.
  • In 2022, 8.8GW of new offshore wind capacity was added to the grid with global installed capacity reaching 64.3GW.
  • While most offshore wind power is currently ‘fixed-bottom’, the development of leading-edge floating wind technologies in deeper ocean waters is poised for commercialization.
  • We are closely monitoring the many innovations in the offshore wind industry which include prototypical technologies, pilot projects, and evolving standardization.

Cathay Financial Holdings President Holds Discussions with The Climate Group on Net-Zero Experience and Challenges

Retrieved on: 
Wednesday, August 2, 2023
Lead, Climate, Private sector, RE100, ACEC, The Climate Group, London Stock Exchange, Policy, World Resources Institute, Energy, Multimedia, WRI, Carbon, Global Wind Energy Council, Climate change, CIO, Cathay United Bank, Delta Electronics, FHC, GWEC, Renewable energy, Airline, Cathay, Amazon, Ørsted

TAIPEI, Aug. 2, 2023 /PRNewswire/ -- During London Climate Week, Chang-Ken Lee, the president of Cathay Financial Holdings (Cathay FHC), visited the Climate Group's headquarters in London, where he met with Mike Peirce, Executive Director, Systems Change of the Climate Group, Sam Kimmins, Director of Energy of the Climate Group and Head of RE100, and Oliver Wilson, RE100 Lead. They engaged in fruitful discussions, exchanging valuable insights on achieving net-zero carbon emissions by 2050, not only for Taiwan but also for the broader Asia region.

Key Points: 
  • The Climate Group has expressed appreciation and recognition for Cathay FHC's unwavering commitment and contributions towards promoting 100% renewable energy adoption.
  • The Climate Group looks forward to collaborating with Cathay FHC and applauds their dedication to creating a greener and more sustainable Taiwan.
  • As the first financial institution in Taiwan to join RE100, Cathay FHC demonstrates a steadfast commitment to combat climate change and envisions a collaborative journey with the Climate Group towards building a greener and more resilient future.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/cathay-financial-holdings-presi...
    SOURCE Cathay Financial Holdings Co., Ltd.

Gazelle Wind Power Acquires Naval Engineering Firm F. Carceller

Retrieved on: 
Wednesday, May 10, 2023
Construction & Property, Natural Resources, Environment, Other Manufacturing, Steel, Other Transport, Engineering, Maritime, Logistics, Supply Chain Management, Transport, Manufacturing, Architecture, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Hardware, Energy, Technology, Other Professional Services, Building Systems, Professional Services, Green Technology, Other Natural Resources, Other Construction & Property, Legal Entity Identifier, Partnership, CEOE, Corporate social responsibility, Demetrio Carceller Coll, Wind power, Global Wind Energy Council, Wind, Acquisition, Spanish Confederation of Savings Banks, Knowledge, R, Technical, GWEC, Shipbuilding, Management, Renewable energy

Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform , has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L.

Key Points: 
  • Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform , has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L.
  • (F. Carceller).
  • F. Carceller will continue to operate as an independent subsidiary of Gazelle while remaining focused on the commercial fishing, marine, and shipping industries.
  • As part of this transaction, Pablo Carceller has been appointed CEO and Director of F. Carceller.

Copenhagen Infrastructure Partners Joins the Global Offshore Wind Alliance to Accelerate Offshore Wind Deployment Worldwide

Retrieved on: 
Monday, May 1, 2023
Copenhagen Infrastructure Partners, CIP, International Renewable Energy Agency, Global Wind Energy Council, Wind, Partnership, IRENA, Knowledge, GWEC, Renewable energy

COPENHAGEN, Denmark, May 01, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) is joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power.

Key Points: 
  • COPENHAGEN, Denmark, May 01, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) is joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power.
  • GOWA’s objective is to be a global driving force for an ambitious uptake of offshore wind and contribute to achieving a total offshore wind capacity of a minimum of 380 GW by 2030, and an installed capacity increase of at least 70 GW per year from 2030.
  • Torsten Lodberg Smed, Senior Partner in Copenhagen Infrastructure Partners said: “Offshore wind is a reliable source of clean, green, and affordable renewable energy – and it has a vital role to play in the ongoing global transition to green energy.
  • We look forward to working alongside the members of the alliance to remove barriers to the deployment of offshore wind in new and existing markets.”
    In joining GOWA, CIP pledged to work with the alliance’s membership to ramp up offshore wind deployment worldwide.