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Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
Market Research Report :   Wind Energy Market in China 2012
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Market Research Report : Wind Energy Market in China 2012

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For the complete report, get in touch with us at : info@netscribes.com …

For the complete report, get in touch with us at : info@netscribes.com

The Wind Energy Market in China is part of Netscribes’ Power Industry Series reports. Increasing demand for energy coupled with rapid rise in newly installed capacity is expected to provide an impetus to rapid growth of the wind energy market in China.

The report begins with the market overview section, providing a snapshot of the global wind energy market. This is followed by the wind energy market in China, providing details on the domestic market size in terms of installed capacity and global ranking in terms of cumulative installed capacity and newly installed capacity. China’s wind installed capacity is estimated to grow at a CAGR of 80% annually up to 2020.

The report also incorporates a brief overview of the major wind power bases in China. This section includes a snapshot of each of the major “GW scale wind power bases” in China.

Factors driving the growth of wind energy market in China are also explained in detail. Growing energy demand provides an impetus to the growth of the wind energy market. Energy demand in China is expected to grow with a CAGR of 22% during 2008-20. Huge untapped potential of wind energy resources is expected to emerge as a major growth driver for the Chinese wind energy market. Large investments in the wind energy sector are expected to boost the growth prospects of the wind energy market in China. Government of China’s mandate to reduce CO2 emissions also provides growth opportunity to the wind energy market in China.

The players operating in the market also face challenges which are impeding their development and growth. Decline in quality of wind turbines has emerged as a major challenge facing the market growth. Tariff constraints and weak grid connectivity are also expected to have an unfavorable impact on the growth of the Chinese wind energy market.

Brief description of the key policies undertaken by the government of China with a view to develop the wind energy market in China is also highlighted in the report. Major government policies and regional wind power development plans have also been highlighted in this section.

Emerging trends in the wind energy market include off-shore wind power development, development of domestic manufacturers, wind turbine generator production and reliance on coal fired power plants.

This is followed by the mergers and acquisitions section, illustrating the recent mergers and acquisition activities that have taken place in the Chinese wind energy market. This section includes the announced date, closing date, target, buyer/investor, seller and deal size.

The competition section outlays the competitive landscape of the wind energy market in China briefing about the domestic and foreign players existing in the market. This section provides a three dimensional analysis of domestic key players’ revenues, profits and market capitalization.

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  • 1. Wind Energy Market in ChinaWind Energy Market in ChinaApril 2012
  • 2. Executive Summary  Global wind power cumulative installed capacity is expected to reach X GW growing with a  Market CAGR of y% between 20‐‐ ‐ ‐‐  Chinese wind power cumulative installed capacity is expected to reach Y GW growing with a  CAGR of z% between 20‐‐ ‐‐‐ Drivers: Challenges: Ch ll  Growing Energy Demand  Decline in Quality Drivers &   Untapped Potential  Tariff ConstraintsChallenges  High Investment Potential  Lack of Grid Connectivity  Reduction in CO2 Emission  Key Policies to Develop Wind PowerGovernment   National Renewable Energy Law Initiatives  National Initiatives  Local Wind Power Development Planning  Off‐Shore Wind Power Development Trends  Development of Domestic Manufacturers  Wind Turbine Generator Production  Reliance on Coal‐fired Power Plants Major PlayersCompetition Company 1 p y Company 2 p y Company 3 p y Company 4 p y WIND ENERGY  MARKET IN CHINA 2012.PPT 2
  • 3. •Market Overview • Global • China•Major Wind Power Bases•Drivers & Challenges•Government Initiatives•Trends g q•Mergers & Acquisitions•Competition•Key Takeaway Key Takeaway WIND ENERGY  MARKET IN CHINA 2012.PPT 3
  • 4. Global wind power market will grow at a CAGR of x% to reach USD Y bn in 20‐‐Global Market ‐ Overview Global Installed Wind Power Capacity• Global cumulative installed wind power capacity is  GW expected to reach x GW growing with a CAGR of z%  500 x6 between 20 between 20‐‐‐ ‐‐ Z% x5 5  Value of the global wind power market is expected to  400 x4 reach USD y bn growing with a CAGR of x% during 20‐‐‐‐‐ x3• By the end of 20‐‐, wind power is projected to supply  300 x2 the world with x% of its electricity x1 200  Wind power is expected to produce y% of the world’s  electricity demand by 20‐‐ electricity demand by 20 100• Top five companies account for z% share of the  0 global wind energy market 20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e Global Market Share (20‐‐) Wind Power Market Growth USD bn B% Company 1 200 Z% x2 C% Company 2 150 Company 3 A% x1 Company 4 100 D% Company 5 50 E% Others F% 0 20‐‐ 20‐‐e WIND ENERGY  MARKET IN CHINA 2012.PPT 4
  • 5. In 20‐‐, newly installed capacity in China accounted for X% of the global annual wind power capacityDomestic Market ‐ Overview Installed Capacity Growth• Wind power cumulative installed capacity in China is  GW expected to reach x GW in 20‐‐ growing with a CAGR  x4 150 of y% between 20‐‐‐‐‐ f %b 20 Z%• In 20‐‐, X ranked first in terms of cumulative wind  100 x3 power installed capacity in the world• In 20‐‐, Y led the world in newly installed wind‐ x2 50 energy devices, reaching z GW energy devices reaching z GW x1 0 20‐‐ 20‐‐ 20‐‐e 20‐‐eRank‐ New Installed Capacity(20‐‐) Rank‐ Cumulative Installed Capacity (20‐‐) GW GW 20 x1 50 x1 x2 40 15 30 x3 10 x4 20 x2 x5 5 10 x3 x4 x5 0 0 Country 1 Country 2 Country 3 Country 4 Country 5 Country 1 Country 2 Country 3 Country 4 Country 5 WIND ENERGY  MARKET IN CHINA 2012.PPT 5
  • 6. X region is expected to build y wind power plants with a total capacity of z GW by 20‐‐X Base ‐ Overview Wind Power Target• Finding 1 GW• Finding 2 40 x3• Finding 3 30 Z% 20 x2 10 x1 0 20‐‐ 20‐‐ 20‐‐Planned Construction (20‐‐) X – Unit Capacity Cost Location Units Capacity (GW) Base Unit Capacity Cost (USD/Kw) City 1 20‐‐e 20‐‐e 20‐‐e City 2 X City 3 City 4 Coverage Area City 5 WIND ENERGY  MARKET IN CHINA 2012.PPT 6
  • 7. Drivers and Challenges ‐ Summary Challenges Drivers Decline in Quality Growing Energy Demand Tariff Constraints Untapped Potential U t d P t ti l Lack of Grid Connectivity High Investment Potential Reduction in CO2 Emission WIND ENERGY  MARKET IN CHINA 2012.PPT 7
  • 8. Energy demand growing at a x% CAGR during 20‐‐ ‐‐‐ to drive the wind energy market in ChinaGrowing Energy Demand Impact• Finding 1• Finding 2• Finding 3• Finding 4 China ‐ Energy Demand Newly Installed Capacity (20‐‐) Mtoe4,000 Z% X Y X2% X1% x3 A x23,000 X3% B x1 C2,000 A% B% D1,000 X4% 0 20‐‐ 20‐‐e 20‐‐e WIND ENERGY  MARKET IN CHINA 2012.PPT 8
  • 9. Around  x% untapped wind resources in the y bases to act as a major growth driver of wind energy in ChinaUntapped Potential Impact•Finding 1 g•Finding 2•Finding 3 Installed  Resource  Wind Bases Capacity  Potential (GW) ( (GW) ) A ‐ ‐ Total Area Exploitable  B ‐ ‐ Region (104km2) Potential (GW) C ‐ ‐ ‐ ‐ ‐ D ‐ ‐ ‐ ‐ ‐ E ‐ ‐ F ‐ ‐ G ‐ ‐ WIND ENERGY  MARKET IN CHINA 2012.PPT 9
  • 10. Wind energy has received x share of investments vis‐à‐vis other renewable sources of energy in ChinaHigh Investment Potential Impact• Finding 1 g• Finding 2• Finding 3 Investment in Renewable Energy (20‐‐‐ ‐‐) E% A C E B D C% D% B% A% WIND ENERGY  MARKET IN CHINA 2012.PPT 10
  • 11. Mandate of reduced carbon footprint under the 12th FYP to act as a major growth driver for the wind energy marketReduction in CO2 Emissions Impact• Finding 1• Finding 2• Finding 3• Finding 4• Finding 5 Per Capita CO Per Capita CO2 Emission Rise in Non Fossil Fuel Usage Rise in Non Fossil Fuel Usage tons % 8 x3 15 Z% Z% Y% 6 10 x% 4 x2 x1 5 2 0 0 19‐‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐e WIND ENERGY  MARKET IN CHINA 2012.PPT 11
  • 12. Substandard equipment quality acts as a major challenge to the Chinese wind energy marketDecline in Quality  Impact• Finding 1• Finding 2• Finding 3• Finding 4 Wind Turbine Equipment Price Wi d T bi E i tP i USD/KW x1 Y% 1,000 800 600 x2 400 200 0 20‐‐ 20‐‐ WIND ENERGY  MARKET IN CHINA 2012.PPT 12
  • 13. Fixed grid tariffs for wind power generation is expected to hinder the growth of the Chinese wind energy marketTariff Constraints Impact• Finding 1 Fixed Price Policy Point 1 X Y A B C D Z ‐ ‐ ‐ ‐• Finding 2• Finding 3• Finding 4 WIND ENERGY  MARKET IN CHINA 2012.PPT 13
  • 14. Weak grid connectivity to have an adverse impact on the Chinese wind energy marketWeak Grid Connectivity Impact• Finding 1• Finding 2 Point 1 Point 1 X Y  Z• Finding 3• Finding 4 WIND ENERGY  MARKET IN CHINA 2012.PPT 14
  • 15. Government Initiatives ‐ Summary  Key Policies to Develop Wind Power National Renewable Energy LawKey Initiatives ` National Initiatives Local Wind Power Development Planning WIND ENERGY  MARKET IN CHINA 2012.PPT 15
  • 16. Key policies influencing the development of wind power in China • Point 1 Point 1 • Point 2 Point 2 • Point 3 Point 3 20‐‐ 20‐‐ 20 20‐‐ 20 20‐‐ 20 20‐‐ 20 20‐‐ 20‐‐ 20• Point 6 • Point 7 • Point 8 • Point 9 • Point 10 • Point 11 • Point 12 • Point 4 • Point 5 WIND ENERGY  MARKET IN CHINA 2012.PPT 16
  • 17. X has adopted several measures to encourage the development of wind power in the region Local Wind Power Policies of X Point 1 Point 1 A B C • Point 1 • Point 1 • Point 2 Point 2 • Point 1 Point 1 • Point 2 • Point 3 WIND ENERGY  MARKET IN CHINA 2012.PPT 17
  • 18. Installed wind power capacity in Y is expected to reach x% of the total wind capacity of the province by 20‐‐ Local Wind Power Development Planning in the Y Point 1   Point 2 Point 3 Point 4 Point 5 Point 5 Point 6 WIND ENERGY  MARKET IN CHINA 2012.PPT 18
  • 19. Trends ‐ Summary Reliance on Coal‐fired Power  Off‐Shore Wind Power  Plants Development Key  Trends Wind Turbine Generator  Development of Domestic  Production Manufacturers WIND ENERGY  MARKET IN CHINA 2012.PPT 19
  • 20. Development of off‐shore wind power is an emerging trend with expected capacity of x GW by 20‐‐Off‐Shore Wind Power Development• Finding 1• Finding 2 Off‐shore wind • Finding 3 Finding 3 power is set to  power is set to• Finding 4 be developed by  20‐‐ X Y X 20‐‐e 20‐‐e y z A ‐ ‐ B ‐ ‐ C ‐ ‐ D ‐ ‐ Point 1 Point 2 E ‐ ‐ F ‐ ‐ WIND ENERGY  MARKET IN CHINA 2012.PPT 20
  • 21. Domestic companies accounted for x% and y% of new and cumulative installed wind power capacities in 20‐‐Development of Domestic Manufacturers• Finding 1 Growing • Finding 2 domestic • Finding 3 participation in • Finding 4 equipment  manufacturing Market Share‐ New Installed Capacity  % 100 E% H% M% K% 80 I% C% F% A B C 60 A% 40 L% N% J% 20 D% G% B% 0 20‐‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ WIND ENERGY  MARKET IN CHINA 2012.PPT 21
  • 22. Chinese wind energy players are focusing on the production of multi‐MW wind turbine generators Wind Turbine Generator Production• Finding 1 Increasing • Finding 2 production of  production of• Finding 3 MW scale • Finding 4 generators Proportion of MW‐Scale Turbines Proportion of MW Scale Turbines % Z% 100 x3 80 x2 60 x1 40 20 0 20‐‐ 20‐‐ 20‐‐ WIND ENERGY  MARKET IN CHINA 2012.PPT 22
  • 23. Domestic Competition – Summary (1/2) Net Income 620 Size of the Bubble Represents Market  600 Capitalization in USD mn 580 560 e 540 520 500 480 460 440 a 420 c 400 d 380 360 b 340 320 Total Income 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Company 1 Company 4 Company 2 Company 3 Company 5 WIND ENERGY  MARKET IN CHINA 2012.PPT 23
  • 24. Domestic Competition – Summary (2/2)Total Income and Profit for Major Domestic Companies 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 USD x1 Company1 y1 x2 Company 2 y2 x3 Company 3 C 3 y3 x4 Company 4 y4 x5 Company 5 y5 A B Note: All figures are in USD mn for the year ending 31st Dec 2010 WIND ENERGY  MARKET IN CHINA 2012.PPT 24
  • 25. Domestic Company – Company 1Company Information Locations – China Address 1, Corporate Address Country 1Tel No. ‐‐Fax No. ‐‐Website ‐‐Year of Incorporation 19‐‐Ticker Symbol ‐‐Stock Exchange ‐Products and ServicesProducts and Services Category Products/Services HeadquartersPower Generation Product 1, Product 2 Key PeopleOthers Product 1, Product 2, Product 3… Product 1 Product 2 Product 3 Name N Designation D i ti Person 1 Designation Person 2 Designation Person 3 Designation Person 4 Designation WIND ENERGY  MARKET IN CHINA 2012.PPT 25
  • 26. Domestic Company – Company 1Financial Snapshot i i lS h Key Ratios K i y‐o‐y  Total Income Profit Particulars  change (20‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ Total Income ‐‐‐‐) USD mn USD mn  Profit / Loss Profitability Ratios10,000 x4 600 x3 Operating Margin Operating Margin ‐ ‐ ‐ ‐ ‐ 3 x2 400 Net Margin ‐ ‐ ‐ ‐ ‐ x1 5,000 Profit Before Tax Margin ‐ ‐ ‐ ‐ ‐ 200 Return on Equity ‐ ‐ ‐ ‐ ‐ Return on Capital Employed ‐ ‐ ‐ ‐ ‐ 0 0 Return on Working Capital ‐ ‐ ‐ ‐ ‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ Return on Assets ‐ ‐ ‐ ‐ ‐Financial Summary  Return on Fixed Assets ‐ ‐ ‐ ‐ ‐ Cost Ratios• The company incurred a net profit of USD x mn in FY 20‐‐, as  Operating costs (% of Sales) ‐ ‐ ‐ ‐ ‐ compared to net profit of USD y mn in FY 20‐‐ Administration costs (% of Sales) ‐ ‐ ‐ ‐ ‐• The company reported total Income of  USD z mn in FY 20‐‐ registering an increase of z per cent over FY 20‐‐ registering an increase of per cent over FY 20 Interest costs (% of Sales) Interest costs (% of Sales) ‐ ‐ ‐ ‐ ‐ Liquidity Ratios• The company earned an operating margin of y per cent in FY 20‐‐ an  increase of x percentage points over FY 20‐‐ Current Ratio ‐ ‐ ‐ ‐ ‐ Cash Ratio ‐ ‐ ‐ ‐ ‐• The company reported debt to equity ratio of y in FY 20‐‐, a  Leverage Ratios decrease of x per cent over FY 20‐‐ Debt to Equity Ratio ‐ ‐ ‐ ‐ ‐Financial Summary  Debt to Capital Ratio ‐ ‐ ‐ ‐ ‐ Interest Coverage Ratio ‐ ‐ ‐ ‐ ‐ Indicators dd/mm/yy Efficiency RatiosMarket Capitalization (USD) ‐ Fixed Asset Turnover ‐ ‐ ‐ ‐ ‐Total Enterprise Value (USD) ‐ Asset Turnover ‐ ‐ ‐ ‐ ‐ Current Asset Turnover Current Asset Turnover ‐ ‐ ‐ ‐ ‐EPS (USD) ‐ Working Capital Turnover ‐ ‐ ‐ ‐ ‐PE Ratio (Absolute) ‐ Capital Employed Turnover ‐ ‐ ‐ ‐ ‐ Improved Decline WIND ENERGY  MARKET IN CHINA 2012.PPT 26
  • 27. Domestic Company –Company 1Key Business Segments Key Geographic Segments A B C D x1 100%100% x2 x3 x6 x9 9 x10 x5 x8 50% 50% x1 x4 x7 0% 20‐‐ 0% 20‐‐ 20‐‐ 20‐‐ AKey Recent Developments Description  News • Company is a large scale power generation group with a total registered capital of USD  xbnOverview • Company operates through x branch companies and y wholly funded subsidiaries with  power generation assets distributed over z provinces ti t di t ib t d i • Total installed power generation capacity of the company is around x GW • In 20‐‐ wind farm construction of the company in x and y obtained final approval from the New Business regulatory authorities in China • C t ti Construction of the x wind farm of the company in the y province began operations in 20‐‐ f th i df f th i th i b ti i 20 WIND ENERGY  MARKET IN CHINA 2012.PPT 27
  • 28. Chinese wind energy market is expected to grow at a CAGR of x% to reach y GW between 20‐‐ ‐‐‐ Huge untapped potential and supportive government policies to drive the wind energy market in China Opportunities in the  Government  Market Size Market Size Market M k t Initiatives ii iGrowing demand for  GW x4 China adopted the energy is expected to  150 Y%emerge as a major  Renewable Energy  100 x3growth driver for the  hd i f h Law to promote the  Law to promote the x2 50 x1 Chinese wind energy Chinese wind energy market 0 market  20‐‐ 20‐‐ 20‐‐e 20‐‐e Government has Huge untapped potential Huge untapped potential adopted several  d t d lof wind energy resources  measures to develop to act as a major growth  the major wind driver of wind energy in  Challenges power bases in ChinaChina Local government of  • Substandard Quality Turbines the provinces have High investment in wind  also announced energy coupled with CO2  • Tariff Constraints several supportive reduction target to drive  • Lack of Grid Connectivity y policies to develop  policies to developthe Chinese wind energy  the wind power market in China bases WIND ENERGY  MARKET IN CHINA 2012.PPT 28
  • 29. Thank you for the attentionThe Wind Energy Market – China report is a part of Netscribes’ Power Industry Series. For more detailed information or customized research requirements please contact: Phone: +91 33 4064 6215 +91 33 4064 6215 E‐Mail: sales@netscribes.comAbout NetscribesNetscribes is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment &  g g f g p y p p fbusiness research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one‐stop shop designed to fulfil clients’ profitability and growth objectives. p p f g f y g g p pDisclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India, Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. WIND ENERGY  MARKET IN CHINA 2012.PPT 29

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