Connect with us

Sector News

Wind turbine order capacity hit a record high in Q2 2019

Published

on

Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie.

As noted in the Wood Mackenzie report, ‘Global Wind Turbine Order Analysis: Q3 2019’, developers globally ordered a record 31GW of wind turbine capacity in Q2 2019. Demand in China and the US contributed to a total of 79GW ordered over the last four quarters, despite a decrease of 41% YoY in Europe during Q2. China and the US enjoyed top quarters for capacity ordered as developers rushed to procure turbines with sufficient time to commission projects before 2020 subsidy deadlines in both countries.

“Developers in China ordered more than 17GW in Q2 2019, a 267% uptick YoY compared to Q2 2018. 71% of firm order capacity was secured in the Northern region’s onshore wind market in Q2 2019. The order volume for five major developers in China exceeded 1GW last quarter.

“The record quarter in China included more than 3GW of offshore capacity, nearly 2GW more than in Q2 2018 and a 800MW increase on the previous quarterly record in the country (Q1 2019). This added to a backlog of nearly 12.5GW,” said Luke Lewandowski, Wood Mackenzie Director of Americas Power & Renewables Research.

Vestas retains top spot

Vestas won the largest share of order capacity for the fifth straight quarter, enjoying the best quarter for an OEM in any year.

“Despite a massive quarter for orders in China, diversity in the market – illustrated by seven OEMs with more than 1GW of order capacity – prevented a dominant leader, which allowed Vestas to retain the top spot.

“Eight of the top ten onshore models in Q2 are manufactured by Chinese OEMs, six of which made the top 10 for the first time ever. All six were new models that had never been ordered publicly prior to Q2. Vestas was the only non-Chinese OEM with any models in the top 10,” added Mr. Lewandowski.

Order intake in the 4.0-4.99MW segment increased for the fifth consecutive quarter, exploding to more than 9GW of orders.

“China, the US and Brazil continued to lead the way in this ratings segment, with 91% of capacity orders coming from those three countries.

“Vestas, SEwind, Mingyang, Goldwind and DEC compiled orders for more than 1GW in this ratings segment,” said Mr. Lewandowski.

Market sees turbine pricing increase

Turbine pricing increased in several markets due to strong demand and larger, newer, more expensive models hitting the market.

“Pricing in the US and China increased due to strong demand, as order books continue to fill up in preparation for 2020 installations. Turbine prices in India have remained unchanged QoQ as developers push back against aggressive auction price ceilings set by the government, however the US dollar has gained 4% in value against the Indian rupee since July 2019. This makes Indian turbine prices lower in USD.

“Newer models in the market and demand for larger turbines in Brazil caused pricing quotes to rise,” concluded Mr. Lewandowski. (Source: woodmac.com)

Sector News

Two experienced figures in wind energy join forces for a strategic collaboration

Published

on

Two experienced professionals in Türkiye’s wind energy sector are taking their long-standing relationship to the next level through a strategic collaboration. Alper Kalaycı, Co-Founder of EnconIQ Energy Consultancy Ltd., and Levent İshak, Co-Founder of Lewind Energy Consultancy Ltd., will collaborate to develop new projects and improve the performance of existing wind power plants.

Kalaycı and İshak, whose friendship dates back to their studies at Dokuz Eylül University’s Department of Mechanical Engineering in 1991, are carrying nearly 35 years of shared experience into this new partnership. Both have been actively involved in the wind energy sector since 1998 and aim to further leverage their accumulated expertise through this collaboration.

By combining their complementary capabilities, the two will work together on both the development of new investments and the enhancement of operational efficiency in existing wind power plants.

Türkiye’s targets provide momentum for the sector

Commenting on the collaboration, Alper Kalaycı highlighted Türkiye’s energy transition:

“In line with our country’s 2035 targets, we need to increase our current wind installed capacity by approximately three times. This clearly demonstrates the strong growth potential of our sector. In the coming period, significant opportunities are expected both in new investments and in local manufacturing. With this collaboration, we aim to make more effective use of these opportunities.”

Operation and maintenance play a critical role

Levent İshak emphasized the importance of the operational phase:

“One of the most significant cost components in wind energy projects is operation and maintenance. Structuring these processes correctly from the outset, designing contracts accordingly, properly identifying risks, and managing them effectively are of great importance. Ensuring that this structure is implemented correctly during operation is critical for long-term performance. With this collaboration, we aim to create value both in structuring long-term contracts for new projects and in improving the performance of existing power plants.”

Complementary expertise, shared vision

The collaboration brings together Alper Kalaycı’s experience in manufacturing, localization, and project development with Levent İshak’s expertise in turbine supply, maintenance, service, and operations, aiming to create a strong synergy within the sector.

Continue Reading

Sector News

ENERCON and POLAT Enerji strengthen their long-standing partnership

Published

on

ENERCON will supply wind turbine technology for another major project in Türkiye. For the “Balıkesir 1” wind farm in the northwest of the country, operator Polat Enerji has ordered 23 wind turbines of ENERCON’s new flagship model, the E-175 EP5 E2. The supply contract was signed on 27 April in Istanbul. With a total capacity of 161 MW, the wind farm is part of the YEKA 5 tender, for which Polat Enerji recently received the award from the Turkish Ministry of Energy.

“We have enjoyed a long-standing and close cooperation with Polat Enerji in the expansion of wind energy in Türkiye,” said Udo Bauer, CEO of ENERCON. “With ‘Balıkesir 1’, we will have jointly realised more than 1 gigawatt of installed capacity in Türkiye. We intend to continue this partnership for the energy transition together in the future. We are very pleased to implement the ‘Balıkesir 1’ project together using our new E-175 EP5 E2 turbine model.”

“Our journey began a quarter-century ago with an early and firm belief in Türkiye’s renewable energy potential,” said Evren Güvenç, CEO of Polat Enerji. “Today, Polat Enerji has evolved into a strategic player managing high-scale investments across Türkiye and Europe. The Balıkesir 1 project, secured through the YEKA tenders, is a testament to our continuous growth; for us, leadership is defined by more than just increasing installed capacity. We measure our progress not only by power output but by our optimisation capabilities and system flexibility. By leveraging our end-to-end expertise – from investment to operation – we are reinforcing our position as a pioneering actor shaping the transformation of the entire energy landscape.”

The E-175 EP5 E2 is ENERCON’s new top model. With a rated power of 7.0 MW and a rotor diameter of 175 metres, it is one of the most powerful onshore wind turbines in Europe in terms of energy yield. The E-175 EP5 E2 is also a central pillar of the company’s market strategy and forms the basis of the solution portfolio with which ENERCON supports its customers.

The supply agreement for the “Balıkesir 1” wind farm marks another milestone in the market launch of the E-175 EP5 E2 in Türkiye. The country is an important international strategic target market for ENERCON. To supply Turkish wind farm projects with the new E-175 EP5 E2, ENERCON will continue its proven localisation strategy with long-standing Turkish production partners and will also manufacture selected main components of the new top model in the country in the future.

“This allows us to meet the local content requirements of the Turkish tender system,” said Arif Günyar, Regional Head of the Central Asia / Middle East / Africa (CAMEA) region. “We are fully committed to the Turkish market and to the energy transition in Türkiye. We look forward to opening a new chapter of cooperation with Polat Enerji as well as with other Turkish customers and interested parties.”

Construction of the “Balıkesir 1” wind farm is scheduled to begin in September 2027, with commissioning expected by the end of December 2027. A total of 23 wind turbines will be installed on steel towers.

Continue Reading

Sector News

Mature Capital Provided Advisory Services for the Gülle Wind Power Plant Project

Published

on

Gülle Entegre Tekstil İşletmeleri, one of Türkiye’s leading integrated yarn and fabric manufacturers with 55 years of experience, has signed a wind turbine supply and service agreement with Goldwind for the Gülle Wind Power Plant (WPP) Project. The project aims to meet the energy consumption of its production facilities located in Ergene, Tekirdağ.

According to the agreement, the project, located in the Ergene district of Tekirdağ, will utilize Goldwind’s GW155-4.8MW turbine model, featuring a hub height of 110 meters, a capacity of 4.8 MW, and a rotor diameter of 155 meters. The agreement also includes a 10-year full-service package covering maintenance and availability services.

The Gülle WPP Project is planned to be commissioned in December 2026. Upon completion, the plant is expected to reach an annual electricity generation capacity of approximately 16 million kWh.

Mature Capital has provided two-phase advisory services to Gülle Entegre Tekstil from the initial concept stage of the investment. In the first phase, project development, advisory services included the preparation of economic and technical feasibility studies in line with current investment conditions, as well as strategic and procedural guidance on regulatory and permitting processes (such as EPDK, EIA, zoning, and grid connection procedures).

In the second phase, once the project reached a certain level of maturity in terms of permits, Mature Capital provided advisory services for wind turbine selection, final supplier decision-making, and the negotiation of turbine supply and service agreements.

Habib Babacan, General Manager of Mature Capital

Habib Babacan, General Manager of Mature Capital

Commenting on the agreement, Habib Babacan, General Manager of Mature Capital, stated:

“We are very pleased to see the outcome of our efforts and work materialize with this important agreement, which marks the realization of our approximately three-year collaboration with our investor, Gülle Entegre Tekstil.

We would like to thank the Goldwind Türkiye team for their cooperation and support during the contract phase, and our investor Gülle Entegre Tekstil for their trust in Mature Capital. We wish the Gülle WPP Project to be beneficial for both parties.”

About Mature Capital

Since 2022, Mature Capital has been exclusively focused on the wind energy sector, providing advisory services to investors in the areas of business development, project development, strategy formulation, and project transfer (M&A) for wind power projects.

In its fourth year of operation, the company has continued to expand its activities and has successfully completed 18 advisory projects with 15 different investor groups since its establishment.

Mature Capital will continue to provide high-quality and reliable services to wind energy investors in Türkiye.

Continue Reading

Trending