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03 Dec 2010 03:12:15

Siemens one of top 3 turbine providers

Siemens well on track to become one of the world's top three providers of wind turbines – new factories in China and the U.S. secure strong footprint in the most important wind markets.

Siemens continues to expand its international manufacturing network in the rapidly growing wind power business—this week, the technology company opened in Shanghai its first rotor blade manufacturing plant in China, a new nacelle production in Hutchinson, Kansas, and has selected Tillsonburg in Ontario for its Canadian rotor blade manufacturing site. The investment volume for the three new locations is approximately EUR100 million. The company has already announced the construction of other wind turbine production facilities in the UK, India and China, and a joint venture for the production of wind turbine components for the Russian market.

"Ecofriendly energy sources such as wind power offer excellent prospects", said Wolfgang Dehen, CEO of the Siemens Energy Sector. "The global wind power market will grow from about EUR30 billion annually to as much as EUR216 billion by 2030. We see major growth potential in particular in the U.S. and China." Over the last five years, the average annual growth rate of wind power installations in the U.S. was 39 percent. With 10,000 MW in newly erected wind turbines and a total installed capacity of 35,000 MW in 2009 the U.S. was the world's most important wind market, followed by the Chinese market, which grew from approximately 14,000 MW to 26,000 MW. Since 2005, the installed wind generating capacity in China has doubled every year. By 2020, China wants to have wind turbines with a combined capacity of 150,000 MW on line which equals three times the installed wind power capacity of all of Europe today. "With a record order backlog of more than ten billion Euros and the rapid expansion of our international manufacturing network, we have an outstanding setup up to become one of the world's top 3 wind turbines providers by 2012", added Dehen.

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2010 (ended September 30), the Energy Sector had revenues of approximately EUR25.5 billion and received new orders totaling more than EUR30.1 billion and posted a profit of more than EUR3.6 billion. On September 30, 2010, the Energy Sector had a work force of more than 88,000.

The full press release is available for download. For more information about Siemens or its products, please contact us.

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