1. Get more info on this report!
Offshore Wind Farm Manufacturing Worldwide
April 1, 2010
The global move to offshore wind farm development is enabling nations to accelerate
wind energy adoption while reducing reliance on land-based power grids. Offshore wind
turbines are subjected to fiercer winds and require larger turbines than land-based wind
initiatives. But these benefits typically can increase the overall cost of offshore
manufacturing and maintenance of wind turbines. Capital costs are approximately 30-
50% higher than onshore, due to larger machine size and the costs of transporting and
installing at sea. These expenses are partially offset by higher energy yields - as much
as 30%. But many countries are finding the benefits to offshore outweigh these added
expenditures. Offshore wind energy has a reduced effect on the environment and higher
wind speeds at sea result in increased energy production.
Leading wind energy producers in Europe, Asia, and the Americas are embracing
offshore as an important component of future expansion and adoption of renewable
energy use. The first large offshore wind farms are well in development in several
European countries. Developing offshore wind can enable these nations to achieve
competitive electricity markets, reach a larger degree of energy inde¬pendence, and
ensure lower and more predictable overall project costs. This SBI Energy report,
Offshore Wind Farm Manufacturing Worldwide explores the revenue generating
potential for companies involved in this burgeoning renewable energy area.
Read an excerpt from this report below.
Additional Information
Market Insights: A Selection From The Report
Chapter 3 Global Activities inOffshore Wind Energy

2. Companies involved in the manufacturing and distribution of products related to offshore
wind energy are expecting 2010 to be a highly productive year as many global projects
come to fruition and others get underway. Nations eager to accelerate their offshore
wind energy commitments have been challenged by weakened economies since late
2008. But with signs that the global recession is waning, coupled with an influx of
economic stimulus funds and tax breaks for renewable energy initiatives, manufacturers
are preparing for a surge in production of offshore wind turbine components. They are
focusing their efforts on shoring up inventories and securing business contracts in
regions where offshore wind energy projects are expected to grow during the next five
year. This chapter examines the global trends and activities among countries that are
embracing offshore wind as a viable renewable energy source. Offshore wind currently
accounts for a small amount of the total installed wind power capacity in the world -
approximately 8%. But SBI Energy expects that the development of offshore wind farms
will grow its share of total installed wind capacity to nearly 40% in some Asian territories
by 2015. And that has manufacturers of turbine components and foundations hungry to
seize this ocean of opportunity.
So far, manufacturing activity has focused on northern European counties, around the
North Sea and the Baltic Sea, where about 20 projects have been implemented. But the
expected benefits of higher wind speeds and the lower visual impact of the larger
turbines has led many countries, particularly in Europe, to set more ambitious goals for
offshore wind initiatives. Although the investment costs are considerably higher for
offshore than for onshore wind farms, they are partly offset by a higher total electricity
production from the turbines.
Offshore wind power will be vital for Europe’s future as it will help solve the continent’s
climate dilemma by exploiting a natural resource that does not emit greenhouse gases
and reduces the region’s dependence on costly fuel imports. These reasons for offshore
wind farm development have been recognized by the European Commission in its 2008
Communication “Offshore Wind Energy: Action Needed to Deliver on the Energy Policy
Objectives for 2020 and Beyond.” Through 2020, according to the Commission, 360
GW of new electricity capacity - 50% of current EU capacity - needs to be built to
replace ageing European power plants and meet the expected increase in demand.
Europe must use the opportunity created by the large turnover in capacity to construct a
new, modern power system capable of meeting the energy and climate challenges of
the 21st century while enhancing Europe’s competitiveness and energy independence.
By 2020, the EC expects that half of public and private investments in renewable energy
will go to offshore wind farms.

3. Table of Contents
Chapter 1: Executive Summary
Global Offshore Wind Market Value Exceeds $46 Billion
Table 1-1: Global Market Value of Onshore and Offshore Wind Energy
Manufacturing, 2010 (in $ millions)
Figure 1-1: Offshore Wind Energy Manufacturing Market Value in 2010 by
Region, Expressed as a Percentage of Total Wind Energy Manufacturing
Market Value of Offshore Foundation Manufacturing
Strong Potential for Offshore Wind Energy Manufacturing
Figure 1-2: Cost of Offshore Turbine Project ($ thousand/MW)
Table 1-2: Earnings of Offshore MW Installed, 2010 to 2015, by Region (in $ per
MW)
The Global Offshore Wind Energy Picture
Table 1-3: Total Offshore and Onshore Wind Energy Installed Capacity, by
Region, 2007 to 2010 (in MW)
Table 1-4: Global Forecast of Offshore Wind Energy Generating Capacity, by
Region, 2010 to 2015 (in MW)
Europe’s Long-term Commitment Lies Offshore
Table 1-5: Share of Total European Installed Wind Energy Capacity, 2006 to
2010 (in MW)
Table 1-6: Total European Offshore Wind Power Installations, 2010 to 2015 (in
MW)
U.S. Grows Interest in Offshore Wind Energy
China is Leading Asia’s Offshore Efforts
Table 1-7: Offshore Wind Energy Capacity Installed in Asia, 2010 to 2015 (in
MW)
Offshore Wind Farm Development Challenges
Offshore Wind Research Developments
Wind Turbine Product Innovation
Innovations in Electricity Grid Integration
U.S. Offshore Wind Farm Innovations
Innovations in Offshore Foundations
Offshore Market will Reach $78.5B by 2015
Table 1-8: Global Market Value of Offshore Wind Energy Manufacturing, by
Region, 2010 to 2015 (in $ millions)
Chapter 2: Introduction and Overview
Report Scope
Methodology
Terminology
Wind Turbine Components
Table 2-1: Turbine Component Weights and Costs
Birth of an Offshore Wind Farm
Maintenance Requirements
Structural and Connection Requirements
Foundation Requirements

4. Future Foundation Designs
Chapter 3: Global Activities in Offshore Wind Energy
Consumption of All Renewable Energy
Table 3-1: Global Consumption of Energy by Type and Country Group (in
Quadrillion BTUs)
Table 3-2: Renewable Energy Consumption by Energy Use Sector and Energy
Source in, 2002-2010 (Quadrillion BTUs)
Figure 3-1: Share of Consumption of Renewable BTU Energy in the U.S., by
Source, 2002 and 2010
Table 3-3: Electricity Generation Capacity, by Source and Region, 2009 and
2015 (GwH)
The Global Offshore Wind Energy Picture
Table 3-4: Total Offshore and Onshore Wind Energy Installed Capacity, by
Region, 2007 to 2010 (in MW)
Table 3-5: Global Forecast of Offshore Wind Energy Generating Capacity, by
Region, 2010 to 2015 (in MW)
Table 3-6: Global Share of Installed Offshore Wind Energy Capacity, 2010 and
2015
Table 3-7: Global Onshore Wind Energy Installed Capacity, by Region, 2010 to
2015
Table 3-8: Global Onshore Wind Energy Share of Total Installed Capacity, 2010
and 2015
Figure 3-2: Regional Share of Offshore Wind Energy Installed Capacity to Total
Wind Energy Installed Capacity, 2010 to 2015
Table 3-9: CAGR of Total Wind Energy Installed Capacity, by Region, 2010 to
2015 (in MW)
Table 3-10: Share of Total Wind Energy Installed Capacity by Region, 2010 and
2015
Europe’s Long-term Commitment Lies Offshore
Table 3-11: Share of Total European Installed Wind Energy Capacity, 2006 to
2010 (in MW)
Table 3-12: European Wind Installation Specifications
Figure 3-3: Share of Offshore and Onshore Wind Energy Capacity by European
Country, 2010
Table 3-13: Total European Offshore Wind Power Installations, 2010 to 2015 (in
MW)
Table 3-14: European Offshore Wind Energy Capacity Growth, 2010 to 2015
Table 3-15: Offshore and Onshore Installed Capacity in Europe
Table 3-16: Total Europe Installed MW of Wind Energy, 2007, 2008 and 2010
Table 3-17: Offshore and Onshore Wind Energy Installations in Europe, 2010 to
2015
U.S. Grows Interest in Offshore Wind Energy
Table 3-18: Top States with Cumulative Wind Power Capacity, 2007 to 2010 (in
MW)
Table 3-19: Total North American Offshore Wind Energy Capacity, 2010 to 2015
(in MW)

5. Table 3-20: CAGR of Onshore Wind Energy Capacity in North America, 2010
and 2015 (in MW)
Trends Affecting Offshore Growth in the U.S.
China is Leading Asia’s Offshore Efforts
Table 3-21: Offshore Wind Energy Capacity Installed in Asia, 2010 to 2015 (in
MW)
Table 3-22: Installed Wind Power Capacity in Asia, 2006 to 2010 (in MW)
Table 3-23: Total Wind Energy Capacity Installed in Asia, 2010 and 2015 (in
MW)
Table 3-24: Total Onshore Wind Energy Capacity Installed in Asia, 2010 and
2015 (in MW)
Chapter 4: The Global Offshore Wind Energy Market
Table 4-1: Global Market Value of Onshore and Offshore Wind Energy
Manufacturing, 2010 (in $ millions)
Table 4-2: Growth of Global Offshore Wind Energy Manufacturing Market Value,
2006 to 2010 (in $ millions)
Figure 4-1: Compound Annual Growth Rates of Offshore Wind Energy
Manufacturing, by Region, 2006 to 2010
Offshore Manufacturing is Small Percentage of Total Wind Energy Market
Figure 4-2: Offshore Wind Energy Manufacturing Market Value in 2010, by
Region (Expressed as a Percentage of Total Wind Energy Manufacturing)
Table 4-3: NAICS Codes and Descriptions of Wind Turbine Components
Table 4-4: NAICS Codes and Descriptions of Wind Turbine Subcomponents..59
Caveat to Using the 6-digit NAICS Codes
Imports and Exports of Wind Turbine Components
Table 4-5: Total U.S. Shipments of Wind Turbine Subcomponents, 2006 to 2010
(in millions)
Shipment Value of Wind Turbine Components
Table 4-6: Share of U.S. Shipment Value of Wind Turbine Subcomponents, 2006
and 2010 (in millions)
Table 4-7: U.S. Domestic Imports of Wind Turbine Subcomponents, 2006 to
2010 (in millions)
Table 4-8: Share of U.S. Domestic Imports of Wind Turbine Subcomponents,
2009 vs. 2010
Table 4-9: Growth of U.S. Domestic Exports of Wind Turbine Subcomponents,
2002 to 2008 (in millions)
Trade Value of Wind Energy Components Used in Offshore Manufacturing
Table 4-10: U.S. Market Value of Subcomponents Used to Manufacture for
Offshore Wind Turbines (in $ millions)
Table 4-11: Total Market Value of U.S. Wind Turbine Manufacturing, 2006 vs.
2010 (in $ millions)
Table 4-12: U.S. Shipments of Subcomponents Used to Manufacture Offshore
Wind Turbines (in $ millions)
Table 4-13: U.S. Shipments of Offshore Wind Energy Components Expressed as
a Percentage of Total Wind Energy Component Shipments
China is Greatest Exporter of Fans and Blowers

6. Table 4-14: Country Share of U.S. Domestic Imports of Industrial Fans and
Blowers for Offshore Wind Farm Manufacturing, 2006 vs. 2010 (in $ millions)
Table 4-15: Country Share of U.S. Domestic Imports of Turbine and Generator
Sets used for Offshore Wind Energy, 2006 vs. 2010 (in $ millions)
Imports of Measuring and Controlling Devices
Table 4-16: U.S. Imports of Measuring and Controlling Devices Used for Offshore
Wind Energy Manufacturing, 2006 and 2010 (in $ millions)
Table 4-17: U.S. Import Value of Motors and Generators Used for Offshore Wind
Energy Manufacturing, 2006 and 2010
Market Value of Offshore Foundation Manufacturing
Table 4-18: Global Market Value of Offshore Wind Energy Foundation
Manufacturing, by Type of Foundation, 2009 vs. 2010 (in $ millions)
Table 4-19: Global Market Value of Offshore Wind Energy Foundation
Manufacturing, by Region, 2009 vs. 2010 (in $ millions)
Table 4-20: Global Market Value of Offshore Wind Energy Foundation
Manufacturing by European Country , 2009 vs. 2010 (in $ millions)
Strong Potential for Offshore Wind Energy Manufacturing
Figure 4-3: Cost of Offshore Turbine Project ($ thousand/MW)
Table 4-21: Earnings of Offshore MW Installed, by Region, 2010 to 2015 (in $ per
MW)
Figure 4-4: Producer Price Index Trend of Wind Turbine Parts
Employment Outlook
Table 4-22: Percent Distribution of Employment and Establishments in Machinery
Manufacturing by Sector, 2006
Table 4-23: Number of Current and Projected U.S. Jobs in Turbine
Manufacturing, 2006 and 2016
Table 4-24: Total U.S. Employees in Turbine Subcomponent Manufacturing
Table 4-25: European Employment Forecast for Onshore and Offshore Wind
Energy Initiatives, 2008 to 2030
Offshore Market will Reach $78.5B by 2015
Table 4-26: Global Market Value of Offshore Wind Energy Manufacturing, 2010
to 2015 (in $ millions)
Table 4-27: Global Forecast of Offshore Wind Energy Manufacturing, 2010 and
2015 (in $ millions)
Table 4-28: Global Share of Market Value of Offshore Wind Energy
Manufacturing, 2010 and 2015
Figure 4-5: Forecast of Dollars Earned per Megawatts of Offshore Installed
Capacity Worldwide, 2010 to 2015
Table 4-29: Projected Market Value of Offshore Wind Energy Foundation
Manufacturing, 2009, 2010 and 2015 (in $ millions)
Table 4-30: Global Market Value of Offshore Wind Energy Foundation
Manufacturing by Region, 2009, 2010 and 2015 (in $ millions)
Table 4-31: Projected Market Value of Offshore Wind Energy Foundation
Manufacturing in Europe, 2009, 2010 and 2015
Figure 4-6: Global Share of Offshore Wind Energy to Total Wind Energy
Manufacturing, by Region, 2010 and 2015

7. Table 4-32: Total Global Market Value of Offshore Wind Energy Manufacturing,
2010 and 2015 (in $ millions)
Chapter 5: Competitive Profiles
GE Energy
Overview and Performance
Figure 5-1: General Electric Co. Infrastructure Division Revenues and Year-Over-
Year Growth, 2004 to 2009 (e) (in $billions)
Table 5-1: General Electric Revenues, 2004 to 2009 (e) (in $ billions)
Figure 5-2: Share of General Electric Revenue for 2009, by GE Business Unit in
$ billions)
Research & Development
Mitsubishi Heavy Industries
Overview and Performance
Table 5-2: Mitsubishi Heavy Industries Revenues, 2008 and 2009, by Division (in
$ billions)
Significant Developments
Siemens Power Generation
Overview and Performance
Table 5-3: Siemens AG Revenues, 2008 to 2009, by Business Unit (in $ billions)
Significant Developments
Suzlon Energy
Overview and Performance
Key Strategic Markets
Gamesa
Overview and Performance
Figure 5-3: Gamesa Revenues, 2003 to 2009 (in $ billions)
Vestas
Overview and Performance
Offshore Wind Turbine Specialists
Chapter 6: Product Innovation and Public Policy
Offshore Wind Farm Development Challenges
Table 6-1: Manufacturer Developments in Offshore Turbines
Offshore Wind Research Developments
Wind Turbine Product Innovation
Future Component Product Innovations
Turbine Research & Development
Innovations in Electricity Grid Integration
Legalities of Site Selection
Environmental Impacts Assessed
Germany Lays Undersea Cable
Table 6-2: Key Technical Data for the Borwin1 Wind Farm
Cluster Concept Used
U.S. Offshore Wind Farm Innovations
University-led Offshore Wind Research
Innovations in Offshore Foundations

8. Federal Incentives
Public Relations Woes for Wind Energy
AWEA Defends Wind Turbines
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