Top 10 Companies in the Offshore Wind Power Market

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With environmental issues taking center stage, the inexhaustible supply of sea winds coupled with advanced wind forecasting techniques is making a strong case for offshore wind power.

The Offshore Wind Power Market is in the midst of a boom, and high ROI for vendors in the market is positively influencing market growth at a CAGR of 17.5 percent from 2014 to 2019.

TechNavio analysts have identified the top 10 companies who are investing in offshore wind power farming, as an answer to growing energy needs worldwide.

Global Offshore Wind Power Market 2015-2019
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Siemens

Siemens, an established name in the Energy industry, has a strong presence in the offshore Wind Power industry.

The company provides all the equipment catering to the entire value chain for offshore wind power ranging from wind turbines, smart energy grids, and power distribution.

The world’s largest offshore wind power project, London Array, is also set up by Siemens and marks the company’s significant contribution in this field.


Vestas

Vestas, a Denmark-based company, has a strong foothold in the Wind Turbine industry. It provides all kinds of services related to offshore project management, operation and maintenance services and engineering, and procurement and construction services.

In the Global Offshore Wind Power market, its V112 turbine (part of its product portfolio) with a capacity of 3MW is already an established name in the market. The company is also in the process of developing the V164 8.0 MW model for offshore wind turbines.


GE Energy

GE Energy, one of the leading companies in the energy domain, is also present in the Offshore Wind Turbine industry.

The 4.1 MW offshore wind turbine labeled as 4.1-113 is designed specifically for the Offshore Wind industry. It had earlier introduced a 3.6 MW wind turbine in 2002, but this was later discontinued. The 25 MW Arklow Bank Wind Park is the only operational offshore wind farm that uses GE’s 3.6 MW turbines.


Senvion

Senvion is a part of the Suzlon group of companies. It is one of the leading manufacturers of offshore wind turbines. The company is currently focusing on developing, constructing, and distributing wind turbines all over the world.

In addition, the company also provides project-specific solutions in the fields of wind farm engineering, service and maintenance, transport, and installation. The company is also involved in providing foundation solutions for offshore wind turbines. The company has an employee base of 3,400, with experience of installing over 5,800 wind turbines.


Sinovel

Sinovel, one of the largest wind turbine manufacturers in China, has a good presence in the Offshore Wind Power market.

One of the significant offshore wind farms developed by the company is the 102 MW Shanghai Donghai Bridge offshore wind farm, which supplied a total of 34 sets of 3 MW each offshore turbines for the project. The company is also in the process of setting up the National Offshore Wind Power Technology and Equipment R&D Centre in the China.


Alstom

Close to 25% of the world’s power production capacity depends on Alstom technology and services. Alstom has also installed one the world’s largest offshore wind turbine off the Belgian coast, the Haliade™ 150-6MW.

Developed for all offshore conditions, our offshore 6 MW direct drive wind turbine combines proven technology and innovation. Uniquely built on Alstom Pure Torque® design, it provides high yield and uncompromising reliability that will lower the cost of offshore energy.


Areva

Specializing in nuclear and renewable energy Areva is a French multinational group headquartered in Paris La Défense.

It is the world’s largest nuclear company.With power of 5 and 8 MW, the M5000 and AREVA 8MW wind turbines are intended for offshore wind farms. Sturdy, light and compact, they entirely designed to withstand the stress and severe conditions of the marine environment.


Clipper Windpower

Energy drives our world and our economy.  Wind energy – clean, renewable and cost competitive – is a practical solution.  We believe sustaining cost effective wind energy production is our collective challenge.

At Clipper, we strive to support our customers and their existing Liberty 2.5MW wind turbine fleets by providing OEM knowledgeable gearbox and component part refurbishment services, as well as, maintaining a full line of wind turbine service parts.  We recognize that providing reliable service incorporates the skills of a seasoned workforce, while utilizing established processes, quality standards, specialized tooling and proven test procedures.


Doosan Heavy Industries & Construction

As a specialist in power generation facilities, Doosan has accumulated know-how and experiences over the past 30 years. These competencies were leveraged to develop the WinDS3000TM. The achievement of our design is high reliability, availability, maintainability and serviceability (RAMS), while producing electricity at low cost. Through system optimization, we managed to achieve outstanding reliability as well as high operational and maintenance efficiencies.


Gamesa Technology

Gamesa is developing two offshore platforms, 5MW and 6-7MW, to participate in planned offshore wind power development in the North Sea in the coming years.

With 20 years’ experience and more than 30,000 MW installed in 46 countries, Gamesa is a global technological leader in the wind industry. Its comprehensive response includes also the wind turbine’s operation and maintenance services, that manages for more than 20,000 MW. The company has production centres in the main wind markets: Spain and China, as the global production and supply hubs, while maintaining its local production capacity in India, US, and Brazil.