1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Executive Summary 10
2.1 Global Energy Demand Rejuvenates after a Slight Dip in 2009 10
2.2 Global Power Market – Increasing Focus on Clean Technologies 10
2.3 Global Renewable Market - Government Support to Foster the Sector Growth 10
2.4 Global Wind Market – Growth Momentum to Accelerate 10
2.5 Italy Power Market – Renewables Share in Energy Mix To Increase 11
2.6 Italy Wind Power Market – Installed Capacity to Continue Growth Momentum 11
3 Introduction 13
3.1 Carbon Emissions, Global, 2001-2010 13
3.2 Energy Consumption, Global, 2001-2030 15
3.3 Report Guidance 16
4 Renewable Power Market, Global, 2001-2020 18
4.1 Renewable Power Market, Global, Overview 18
4.2 Renewable Power Market, Global, Cumulative Installed Capacity, MW, 2001-2020 18
4.3 Renewable Power Market, Global, Power Generation, GWh, 2001-2020 21
4.4 Renewable Power Market, Global, Installed Capacity Split by Source Type, %, 2010 23
5 Wind Power Market, Global, 2001-2020 25
5.1 Wind Power Market, Global, Overview 25
5.2 Wind Power Market, Global, Cumulative Installed Capacity, MW, 2001-2020 26
5.3 Wind Power Market, Global, Power Generation, GWh, 2001-2020 27
6 Power Market, Italy, 2001-2020 30
6.1 Power Market, Italy, Overview 30
6.2 Power Market, Italy, Cumulative Installed Capacity by Fuel Type, MW, 2001-2020 30
6.3 Power Market, Italy, Power Generation by Fuel Type, GWh, 2001-2020 32
7 Renewable Power Market, Italy, 2001-2020 35
7.1 Renewable Power Market (Excluding Hydro), Italy, Overview 35
7.2 Renewable Power Market (Excluding Hydro), Italy, Cumulative Installed Capacity, MW, 2001-2020 35
7.3 Renewable Power Market (Excluding Hydro), Italy, Power Generation, GWh, 2001-2020 37
7.4 Renewable Power Market (Excluding Hydro), Italy, Installed Capacity Split by Source Type, %, 2010 39
8 Wind Power Market, Italy, 2001-2020 41
8.1 Wind Power Market, Italy, Overview 41
8.2 Wind Power Market, Italy, Installed Capacity, MW, 2001-2020 41
8.3 Wind Power Market, Italy, Power Generation, GWh, 2001-2020 44
8.4 Wind Power Market, Italy, Major Active Wind Farms, 2010 46
8.5 Wind Power Market, Italy, Major Upcoming Wind Farms 47
8.6 Wind Power Market, Italy, Market Share of Turbine Manufacturers, 2010 48
9 Renewable Energy Regulatory Framework, Italy 50
9.1 Renewable Energy, Italy, Major Policies and Incentives 50
9.1.1 Feed in Tariff System, Italy, 50
9.1.2 Green Power Certification System, Italy, 50
9.1.3 Net Metering, Italy 51
9.1.4 Interconnection Standards, Italy, 52
9.1.5 Investment Subsidies, Italy 52
9.2 Wind, Italy, Major Policies and Incentives 52
9.2.1 Italy, Feed-in Tariffs for Wind Power 52
10 Wind Power Market, Italy, Deal Market Trends 53
10.1 Wind Power Market, Italy, Deals Volume versus Deal Value Analysis, 2006-2010 53
10.2 Wind Power Market, Italy, Major Deals, 2010 54
10.2.1 Enel Green Power Completes Its Initial Public Offering For $2,867 Million 54
10.2.2 Enel Completes Public Offering Of 3.5% Bonds For $2.7 Billion 55
10.2.3 Enel Completes Public Offering Of Floating-Rate Bonds For $1.3 Billion 56
10.2.4 Edison Completes Private Placement Of 3.875% Bonds For $837.9 Million 57
10.2.5 Edison Completes Private Placement Of $679.4 Million Of 3.25% Bonds Due 2015 58
10.2.6 Enel Green Announces Project Financing Of $583 Million For Wind And Solar Photovoltaic Projects In Italy 59
10.2.7 Geopower Sardegna And Falck Renewables Complete Project Financing Of $307 Million For Buddus e Ala dei Sardi Wind Farm In Sardinia, Italy 60
10.2.8 Falck Renewables Completes Project Financing Of $205 Million For San Sostene Wind Power Plant In Calabria, Italy 62
10.2.9 Aero Rossa Completes Project Financing Of $140 Million For Lercara Onshore Wind Farm Project In Sicily, Italy 63
10.2.10 Maestrale Green Completes Project Financing Of $73 Million For Giunchetto Wind Power Project In Sicily, Italy 65
11 Company Snapshot - Vestas Wind Systems A/S 67
11.1 Company Overview 67
11.2 Business Description 67
11.2.1 Business Overview 67
11.2.2 Manufacture, Sales and Service of Wind Turbines and Wind Power Systems 68
11.3 Major Products and Services 69
11.4 SWOT Analysis 70
11.4.1 Overview 70
11.4.2 Vestas Wind Systems A/S Strengths 70
11.4.3 Vestas Wind Systems A/S Weaknesses 72
11.4.4 Vestas Wind Systems A/S Opportunities 73
11.4.5 Vestas Wind Systems A/S Threats 74
11.5 Locations And Subsidiaries 76
11.5.1 Head Office 76
11.5.2 Other Locations & Subsidiaries 76
12 Company Snapshot – Siemens AG 80
12.1 Company Overview 80
12.2 Business Description 80
12.2.1 Business Overview 80
12.2.2 Energy 81
12.2.3 Equity Investments 84
12.2.4 Healthcare 84
12.2.5 Industry 86
12.2.6 Siemens Financial Services (SFS) 88
12.2.7 Siemens IT Solutions and Services 89
12.3 Major Products and Services 89
12.4 SWOT Analysis 95
12.4.1 Overview 95
12.4.2 Siemens AG Strengths 96
12.4.3 Siemens AG Weaknesses 98
12.4.4 Siemens AG Opportunities 98
12.4.5 Siemens AG Threats 101
12.5 Locations And Subsidiaries 102
12.5.1 Head Office 102
12.5.2 Other Locations & Subsidiaries 103
13 Company Snapshot – General Electric Company 108
13.1 Company Overview 108
13.2 Business Description 108
13.2.1 Business Overview 108
13.3 Major Products and Services 109
13.3.1 Overview 109
13.4 SWOT Analysis 117
13.4.1 Overview 117
13.4.2 General Electric Company Strengths 118
13.4.3 General Electric Company Weaknesses 119
13.4.4 General Electric Company Opportunities 119
13.4.5 General Electric Company Threats 121
13.5 Locations and Subsidiaries 122
13.5.1 Head Office 122
13.5.2 Other Offices and subsidiaries 122
14 Company Snapshot - Enercon GmbH 132
14.1 Company Overview 132
14.2 Business Overview 132
14.3 Major Products and Services 133
14.4 SWOT Analysis 134
14.4.1 Overview 134
14.4.2 Enercon GmbH Strengths 134
14.4.3 Enercon GmbH Weaknesses 135
14.4.4 Limited Presence in Parallel Alternative Power Sectors 135
14.4.5 Enercon GmbH Opportunities 136
14.4.6 Enercon GmbH Threats 137
14.5 Locations and Subsidiaries 138
14.5.1 Head Office 138
14.5.2 Other Locations & Subsidiaries 138
15 Company Snapshot – Nordex SE 141
15.1 Company Overview 141
15.2 Business Description 141
15.3 Nordex SE - SWOT Analysis 144
15.3.1 Overview 144
15.3.2 Nordex SE - Strengths 144
15.3.3 Nordex SE - Weaknesses 145
15.3.4 Nordex SE - Opportunities 147
15.3.5 Nordex SE - Threats 148
15.4 Locations And Subsidiaries 149
15.4.1 Head Office 149
15.4.2 Other Locations & Subsidiaries 149
16 Appendix 151
16.1 Abbreviations 151
16.2 Methodology 151
16.2.1 Coverage 151
16.2.2 Secondary Research 152
16.2.3 Primary Research 152
16.3 Contact Us 153
16.3.1 Disclaimer 153
List of Tables
Table 1: Carbon Emissions, Global, (Million Metric Tons), 2001-2010 14
Table 2: Energy Consumption, Global, (Mtoe), 2001-2030 16
Table 3: Renewable Power Market (excluding Hydro), Global, Cumulative Installed Capacity (MW), 2001-2020 21
Table 4: Renewable Power Market (excluding Hydro), Global, Power Generation (GWh), 2001-2020 23
Table 5: Renewable Power Market, Global, Installed Capacity Spilt by Technology, (%), 2010 24
Table 6: Wind Power Market, Global, Installed Capacity (MW), 2001-2020 27
Table 7: Wind Power Market, Global, Power Generation (GWh), 2001- 2020 29
Table 8: Power Market, Italy, Installed Capacity by Fuel Type, (MW), 2001-2020 32
Table 9: Power Market, Italy, Power Generation by Fuel Type, (GWh), 2001-2020 34
Table 10: Renewable Power Market (excluding hydro), Italy, Cumulative Installed Capacity, (MW), 2001-2020 37
Table 11: Renewable Power Market (excluding hydro), Italy, Power Generation, (GWh), 2001-2020 39
Table 12: Renewable Power Market (excluding Hydro), Italy, Installed Capacity Split by Source Type, (%), 2010 40
Table 13: Wind Power Market, Italy, Installed Capacity, (MW), 2001-2020 43
Table 14: Wind Power Market, Italy, Power Generation, (GWh), 2001-2020 45
Table 15: Wind Power Market, Italy, Major Active Wind Farms, 2010 46
Table 16: Wind Power Market, Italy, Upcoming Wind Farms 47
Table 17: Wind Power Market, Italy, Market Share of Turbine Manufacturers, (%), 2010 49
Table 18: Feed in Tariff, Italy, 2010 50
Table 19: Green Power Certificates, by Renewable Energy Source Co-efficient factor, Italy 51
Table 20: Wind Power Market, Italy, Deal Volume versus Deal Volume Analysis, 2006-2010 54
Table 21: Enel Green Power Completes Its Initial Public Offering For $2,867 Million 54
Table 22: Enel Completes Public Offering Of 3.5% Bonds For $2.7 Billion 55
Table 23: Enel Completes Public Offering Of Floating-Rate Bonds For $1.3 Billion 56
Table 24: Edison Completes Private Placement Of 3.875% Bonds For $837.9 Million 57
Table 25: Edison Completes Private Placement Of $679.4 Million Of 3.25% Bonds Due 2015 58
Table 26: Enel Green Announces Project Financing Of $583 Million For Wind And Solar Photovoltaic Projects In Italy 59
Table 27: Geopower Sardegna And Falck Renewables Complete Project Financing Of $307 Million For Buddus e Ala dei Sardi Wind Farm In Sardinia, Italy 60
Table 28: Falck Renewables Completes Project Financing Of $205 Million For San Sostene Wind Power Plant In Calabria, Italy 62
Table 29: Aero Rossa Completes Project Financing Of $140 Million For Lercara Onshore Wind Farm Project In Sicily, Italy 63
Table 30: Maestrale Green Completes Project Financing Of $73 Million For Giunchetto Wind Power Project In Sicily, Italy 65
Table 31: Major Products and Services 69
Table 32: SWOT Analysis 70
Table 33: Other Locations 76
Table 34: Subsidiaries 78
Table 35: Major Products and Services 90
Table 36: SWOT Analysis 96
Table 37: Other Locations 103
Table 38: Subsidiaries 103
Table 39: Major Products and Services 109
Table 40: SWOT Analysis 117
Table 41: Subsidiaries 122
Table 42: Major Products and Services 133
Table 43: Enercon GmbH, SWOT Analysis 134
Table 44: Other Locations 138
Table 45: Subsidiaries 139
Table 46: Major Products and Services 143
Table 47: Nordex SE, SWOT Analysis 144
Table 48: Other Locations 149
Table 49: Subsidiaries 150
Table 50: List of Abbreviations 151
List of Figures
Figure 1: Wind Power Market, Global, Cumulative Installed Capacity (MW), 2001-2020 11
Figure 2: Carbon Emissions, Global, (Million Metric Tons), 2001-2010 14
Figure 3: Energy Consumption, Global, (Mtoe), 2001-2030 15
Figure 4: Renewable Power Market (excluding Hydro), Global, Cumulative Installed Capacity (MW), 2001-2020 20
Figure 5: Renewable Power Market (excluding Hydro), Global, Power Generation (GWh), 2001-2020 22
Figure 6: Renewable Power Market, Global, Installed Capacity Spilt by Technology, %, 2010 24
Figure 7: Wind Power Market, Global, Installed Capacity (MW), 2001-2020 26
Figure 8: Wind Power Market. Global, Power Generation (GWh), 2001-2020 28
Figure 9: Power Market, Italy, Cumulative Installed Capacity by Fuel Type, (MW), 2001-2020 31
Figure 10: Power Market, Italy, Power Generation by Fuel Type, (GWh), 2001-2020 33
Figure 11: Renewable Power Market (excluding hydro), Italy, Cumulative Installed Capacity, (MW), 2001-2020 36
Figure 12: Renewable Power Market (excluding hydro), Italy, Power Generation, (GWh), 2001-2020 38
Figure 13: Renewable Power Market (excluding Hydro), Italy, Installed Capacity Split by Source Type, (%), 2010 40
Figure 14: Wind Power Market, Italy, Installed Capacity, (MW), 2001-2020 42
Figure 15: Wind Power Market, Italy, Power Generation, (GWh), 2001-2020 44
Figure 16: Wind Power Market, Italy, Market Share of Turbine Manufacturers, (%), 2010 48
Figure 17: Wind Power Market, Italy, Deal Volume versus Deal Volume Analysis, 2006-2010 53
Companies Mentioned
Vestas Wind Systems A/S
Siemens AG
General Electric Company
Enercon GmbH
Nordex SE