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Wind Industry Assocations Predict Strong Worldwide Growth for 2007

The American Wind Energy Association (AWEA) reports that the U.S. wind industry is on track to install over 3,000 MW of generating capacity nationwide this year. Texas could account for about two thirds of the new installations, AWEA says. In the first quarter, over 100 MW have come online and over 1,000 more are under construction in Texas alone. The Global Wind Energy Council (GWEC) reports that total world wind capacity grew 25% in 2006, generating some $23 billion worth of new generating equipment and bringing global wind power capacity up to more than 74 GW. “Despite the strong growth we have witnessed in the past, we estimate that the biggest developments are still ahead,” says Angelika Pullen, GWEC’s policy and communications director. “Until the end of the current decade, the cumulative capacity of wind energy installations is predicted to reach 149.5 GW, more than double the installed capacity at the end of 2006.” The North American market is expected to continue as the second largest regional market in terms of total installed capacity with an average annual growth rate of 24.6%. From 9.8 GW installed at the end of 2006, GWEC estimates the market will reach 31.6 GW by […]

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Conergy Doubles Sales in Q1

Conergy AG (CGY.DE) reports that sales doubled (101%) for the first quarter to ¬173.1 million. It attributes the rise to strong growth in international business which accounts for 49% of sales. Conergy markets its renewable energy systems for in 25 countries. Sales of solar thermal, wind- and bio-energy products rose significantly to 23.9% of total sales from 2.5% in Q106). Solar projects that were deferred in December because of supply problems were booked in the first quarter and contributed EUR 37 million to sales. Wind projects, worth EUR 16 million, which were also deferred due to the supply situation, have been delivered but will not be booked as sales until the second quarter. Gross margins rose from 14-18%, compared with Q106. Losses before interest and tax (EBIT) was reduced by ¬2 million to ¬6.1 million, including start-up costs of ¬1.5 million for its solar panel production unit in Frankfurt/Oder. Net was ¬4.9 million, about the same as Q106. The company confirms 2007 guidance of ¬1.25 billion in sales, and expects to double net income, reaching over Euro 60 million. Conergy expects positive cash flow for 2007.

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Siemens Signs MOU For Offshore Wind Farm

Siemens Power Transmission & Distribution has signed an MOU with Vancouver, British Columbia-based renewable energy developer NaiKun Wind Development Inc., a renewable energy project developer, on an offshore wind farm. The MOU is to complete a commercial agreement regarding Siemen’s construction and operation of the transmission system for the first 320 MW of a proposed offshore wind farm in the Hecate Strait. Under the terms of the MOU, NaiKun and Siemens will collaborate on the necessary studies, analyses and commercial development aspects required to deliver the optimal power transmission structure for the wind farm project. Upon the successful completion of the commercial agreement, Siemens would become the engineering, procurement and construction (EPC) partner for NaiKun’s electrical infrastructure system.

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