Offshore Wind Market

Company Headquarters: Luxembourg Founded: 2001 Workforce:~4000 Company Working: Senvion S.A. has been manufacturing and selling wind energy turbines for close to a couple of decades, while developing turnkey wind farms. It operates through three business segments, which are onshore wind turbines, offshore wind turbines, and services. Its wind turbines portfolio has a capacity with nominal outputs of 2–6.2 megawatts and rotor diameters ranging between 82 meters and 152 meters. It offers a range of project specific solutions for domains such as foundation construction, transport and instal­lation as well as it offers service and maintenance. Senvion with the experience gained from manufacture, has installed more than 7,900 wind turbines around the world. It installed more than 400GW capacity of wind turbines globally. It has 18 manufacturing facilities, across the globe. It owns production sites in Germany and Portugal and operates through subsidiaries and in Europe, the Americas, Asia, and Australia through joint ventures.

Company Headquarter: US Founded: 1892 Workforce: 283,000 Company Working: General Electric Company is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. The company offers aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content, and industrial products. GE operates through two major segments—industrial and capital. The industrial segment consists of 8 different sub-segments, namely, power, oil & gas, energy, aviation, healthcare, transportation, appliances and lighting, and GE capital. The Power segment offers power generation and energy production. The Oil & Gas segment provides mission-critical equipment for Oil & Gas companies. The Energy segment provides wind turbine platforms, hydropower products and services, and blades for wind turbines. The Aviation segment manufactures jet engines, turboprops, maintenance, engineering, and overhaul services. The Healthcare segment provides diagnostic imaging and clinical systems, drug discovery solutions, gene therapy technologies, and medical technologies. The Transportation segment offers freight and passenger locomotives, rail parts, data analytics, and rail integrated software solutions. The Appliances & Lighting segment manufactures LED products, refrigerators, cooktops, microwave ovens, hybrid water heaters, energy efficiency, and productivity solutions. The GE Capital segment offers financial services such as commercial loans and leases, consulting services, and fleet management. GE Power’s Grid Solutions is one of the subsidiaries which provide the energy leader that provides technology, solutions, and services across the entire energy value chain. The company operates across the world in the Americas, EMEA (Europe, Middle East, and Africa), and Asia-Pacific and has several subsidiaries including GE Capital, GE Digital, GE Energy Connections, and GE Global Research.

Suzlon Group, engages in the manufacture and sale of wind turbines. The company was incorporated in the year 1995 and headquartered in India. The company being the world’s fifth-largest manufacturer of wind turbines, is engaged in the business of design, manufacture, development, and supply of wind turbine generators of a range of capacities and their components. Suzlon is a market leader in India with a global footprint across Asia, Australia, Europe, Africa, North and South America. The group has 15 manufacturing facilities spread across India and China, with a workforce of over 8,500 employees, who meet the increasing worldwide demand for end–to–end wind power solutions. Siemens and General Electric are major competitors of the company. March 2012, the company signed a global strategic partnership agreement with CGN Wind Energy Co Ltd (CGNWE). CGNWE is a wholly owned subsidiary of China Guangdong Nuclear Power Group. This partnership will help in the setup of the most feasible projects, globally in countries such as Brazil, South Africa, India and China. SE Shipping Lines Pte. Ltd., SE Electricals Limited and Suzlon Wind International Limited are some of the subsidiaries of the company. Recently, in 2015, Suzlon Group, one of the world’s leading wind turbine manufacturers, has signed a binding agreement with Centerbridge Partners LP, USA to sell 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group.

Vestas Wind Systems A/S (Vestas Wind Systems) is a Denmark-based company, which has been manufacturing wind turbines since 1979. It offers the most efficient and sustainable solutions by manufacturing and maintainence services of the wind turbines across the globe. In 2017, the company generated more than 23 million MWh of electricity. It operates through three business segments, which are power solutions, services, and offshore. Vestas Wind Systems offers an extensive range of products and services for electricity generation. Additionally, it also provides integrated solutions for wind power plants. The company offers an extensive range of turbine options and solutions, such as Vestas InteliLight, increased cut-in wind speed, power, load optimized modes, condition monitoring systems, Vestas cold climate solutions, large diameter steel towers, and high wind operation. The solutions and services offered by the company vary as per the client requirement. Furthermore, Vestas Wind Systems offers a wide range of services to its customers, such as repair, maintenance, fleet optimization, smart data, safety, and digital services. It has a global network of manufacturing facilities sites in countries, such as Spain, Denmark, Turkey, Mexico, China, Germany, the US, Canada, France, South Africa, Brazil, and Taipei. Additionally, the company has seven research and development centers, worldwide. It has invested approximately USD 265.5 million in research and development for bringing new technologies to the global renewable energy market.

Established in 1962, Doosan Heavy Industries & Construction Co., Ltd is one of the Korea based companies engaged in supplying industrial facilities to both domestic and international plant markets. The company manufactures and installs various plant components, such as steam turbines, hydraulic turbines, condensers, and heat exchangers. Power business is operated through a separate segment. Doosan Heavy Industries & Construction entered a range of areas such as construction, food and beverages, engineering, media and culture, and has established the foundation of the corporation by modernizing and diversifying its management. The company has more than 40,000 employees spread throughout 38 countries, including the United States, Europe, Southeast Asia and India. The company provides the best solutions for the power generation and water industries. Doosan Babcock, Doosan Engineering & Construction and Doosan HF Controls Corporation, are some of subsidiaries of the company. Siemens and General Electric are major competitors of the company.

Goldwind Windenergy GmbH was established in 1998 and is headquartered at China. The company is engaged in the manufacture and installation of wind turbines. The company is well known in wind power solutions in china and all over the word. The company operates through four major business segments: Wind turbine generator (WTG) Manufacturing, Wind Power Services, Wind Farm Investment and Development and other. The group’s wind power services business segment, is one of the three primary business segments of the group. The segment offers wind farm operation & maintenance, wind farm monitoring and warning. The company has presence in U.S., Africa, Australia, Korea and others. Moreover, VENSYS Energy AG, Hami Tianrun New Energy Co., Ltd. and Shanghai Yicheng Electric Power Engineering Co., Ltd. are some of the subsidiaries of the company. Siemens and General Electric are major competitors of the company.