07/12/2018

Competition Forces Turbine OEMs to Intensify Pace of Innovation

The competitive landscape, namely the transition in many markets globally to auction systems, results in shorter commercial life cycles of turbine platforms

Official Press Release MAKE:

Auctions and pursuit for lower LCOE drive unprecedented growth in next-generation onshore and offshore turbine sizes

Wind Industry Profile of

Competition forces turbine OEMs to intensify the pace of innovation to lower LCOE. Next generation technologies for onshore 4-5MW models with 160-175+m rotors and offshore 12-15+MW models with 200-250+m rotors are expected

To improve competitiveness in auctions across global markets, turbine OEMs (Original Equipment Manufacturers) have accelerated the pace of new product introductions, often with larger rated turbines and longer rotors. OEMs’ platform strategies determine new product development and how best to extend the commercial life cycle of their current portfolios. OEMs will exploit design margins, optimize investments in the supply chain and deliver lower LCOE (Levelized Cost of Electricity) for asset owners. The competitive landscape,... ... More: Official Press Release MAKE