Abstract
The Asia Pacific wind market will contribute nearly a quarter of world MW
added by 2010, led by fast growing China, and steadily increasing India. EER' s
new market study, Asia Pacific Wind Power Markets and Strategies, 2006-2015,
provides the most comprehensive analysis of the Asia Pacific region' s dynamic
evolution. EER' s study analyzes these key trends and more:
- Significant growth in Asia wind markets: India quadrupled its annual
additions over the past four years, maintaining its leading position in terms
of regional MW additions and installed capacity. Value chain shifts are
inevitable as the Chinese wind market progresses along the learning curve.
Other key countries to watch as policy evolves include Korea, Australia, and
Japan.
- Local partnering key across the value chain: In China, state generators,
emerging IPPs, and large Chinese industrial firms are broadly active in wind
project development. In India, IPPs, finance companies, and invested
developers are captive wind farm owners. Large trading houses, industrial
groups, and utilities in Japan are accumulating wind experience and looking to
expand in the region.
- Local utilities and big industrial companies drive industry forward by
scaling up domestically: China and India are seeing the emergence of national
champions for wind power manufacturing and operation, led by firms such as
Longyuan, Huaneng, Goldwind, and Suzlon Energy.
- Opportunities for foreign entrants abound in Asia' s wind power market: The
biggest lie with turbine supply, technical project development consulting, and
minority asset ownership in China and India. Select project opportunities
exist in Australia, Korea, Taiwan, Philippines and New Zealand.
- Increasing demand for wind power is scaling the industry both in terms of
project and turbine size: All markets are headed towards larger scale
deployment of 1 MW and larger turbines owned by growing class of IPPs and
wind-active utilities. To meet this demand, leading global vendors are setting
up multiple production facilities aimed at servicing booming domestic demand
as well as leveraging lower cost structure for future export.
View Cart
