wind energy

Roundup of Wind Energy Investing

Wind is not fading away … and staying with it are companies providing an increasing amount of wind generating infrastructure.

In 2017 we saw a further increase of the global installed wind capacity.

WInd_CumuInstalledCapacity

Source: GWEC

The 2017 focus, as on the years before, was on Asia, although the annually installed capacity has been decreasing since the high in 2015. According to the Global Wind Energy Council, Europe and North America follow in importance.

WInd_AnnualInstalledCapacityByRegion_2009_2017

Source: GWEC

These installations were driven by a diverse number of companies. For onshore installations the following companies dominated the market:

Name

Onshore Capacity installed in 2017 (in Gigawatt, GW)

Onshore Global Market Share 2017 (in Percent, %)

Vestas

7.7

16

Siemens Gamesa

6.8

15

Goldwind

5.4

11

GE

4.9

10

Enercon

3.1

6

Source: Bloomberg

For offshore installations, 3.3 GW were added in 2017. That takes the global cumulative capacity to about 17 GW with the majority being in Europe. For 2024 it is expected that offshore installations of about 13 GW will be added annually.

Overall, while the wind turbine market makes up about USD 157 billion in 2017 it is expected to grow to USD 254 billion in 2024. Investors, who want to participate in the opportunities that the renewable energy market and the wind industry in particular offer, can look into the following companies, displayed with their respective countries of origin as well as major exchanges the companies are listed on:

Name Country Exchange / Symbol
GE Wind USA NYSE: GE
Ming Yang China NYSE: MY
Goldwind China SEHK: 2208; SZSE: 002202
Suzlon India BSE: 532667; NSE: SUZLON
Vestas Denmark Nasdaq Copenhagen: VWS
Enercon Germany Private
Siemens Gamesa Germany / Spain BMAD: SGRE
Nordex Germany FWB: NDX1
Senvion Germany FWB: SEN

The following table offers a quick insight into the European players on the wind turbine market:

Name

Revenue

EBIT Net Result Total Assets Total Equity

Free Cash Flow

Vestas

9,953

1,230 894 2,865 3,112 1,218
Siemens Gamesa

6,538

-23

-13

16,467

6,450

1,511

Nordex

3,078

43

13

2,808

919

-11

Senvion

1,889 -6 -93 1,808 230

-203

Source: Annual Reports 2017, data in EUR million

In the future, we will look into the above companies and offer more details on potential investment opportunities.

 


This article is general in nature and for information purposes only. This article is not intended as and does not constitute legal, financial, investment, or tax advice and should not be relied on as such. This article also does not constitute an offer to sell any securities to any person or a solicitation of any person to purchase any securities. Before making any legal or financial decision, you should seek advice from a qualified and registered legal or financial adviser. We do not have any position in any mentioned companies and will not take a position in the near future.

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