The market for Offshore Wind Energy is being pushed by rising interest in using renewable energy sources to generate electricity. Growing environmental concerns over the depletion of natural resources and rising energy use are the two main factors driving up demand for renewable energy sources. For instance, the Electronic Industries Alliance (EIA) organisation projects that global energy consumption would rise by 28% from 2015 to 2040, from 575 quadrillion British thermal units (Btu) to 736 quadrillion Btu. As a result, rising energy consumption is driving up the demand for renewable energy sources for power generation, which is helping the offshore wind energy market grow.
Prominent Players in the Offshore Wind Energy Industry:
1. Siemens Gamesa Renewable Energy, S.A.
Siemens Gamesa Renewable Energy, S.A., together with its subsidiaries, supplies wind power solutions. The company was incorporated in 1976 and is headquartered in Zamudio, Spain. In December, 2022 Siemens Gamesa and Capital Energy sign new contract for a 52-MW wind power plant in Spain.
2. MHI Vestas Offshore Wind
Founded in 1898 leader in sustainable energy solutions. The company has headquarters situated in Denmark, Europe. In December, 2022 Vestas received a 93 MW order from SR Energy AB, a long-term customer, to power the Älgkullen wind project in Sweden.
3. Sinovel Wind Group Co., Ltd,
Sinovel Wind Group Co., Ltd. is the first Chinese high-tech enterprise to have specialized in the independent development, design, manufacturing and sale of large-scale onshore, offshore and intertidal wind turbines. The company was incorporated in 2006 and is headquartered in Beijing, China.
4. Erndtebrücker Eisenwerk Gmbh & Co. Kg
EEW was founded in 1936 by Hermann Klein, the father-in-law of Jörg Schorge, one of the managing directors of the EEW Group. The company has headquarters situated in Westfalen, German State.
5. Northland Power Inc.
Established in 1987, we are one of Canada's first independent power producers that has achieved a remarkable growth trajectory. Headquartered in Toronto, Canada. In December, 2022 Northland Power Inc. signed an agreement with Gentari International Renewables Pte. Ltd.
6. ABB Ltd.
The company was founded in 1883 and engages in manufacturing and sale of electrification, robotics and motion products for customer in utensils, industry and transport and infrastructure internationally. The company is headquartered in Zurich, Switzerland. ABB officially in the month of December, 2022 opened its state of art, fully automated and flexible robotics factory in Shanghai
7. Ming Yang Smart Energy Group Limited
Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, megawatt wind turbines, and core components worldwide. Ming Yang Smart Energy Group Limited was founded in 2006 and is headquartered in Zhongshan, China.
8. Adwen GmBH
The company ADWEN GMBH, is a Manufacturer/ Producer, founded in 1987, which operates in the Electricity - production and distribution industry. It is based in Bremerhaven, Germany.
9. General Electric Company
General Electric Company operates as a high-tech industrial company. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts. In December, 2022 GE Gas Power and MYTILINEOS, announced they have secured an order from the electricity Supply Board of Ireland for the construction of new gas fired power plant in Dublin.
10. A2SEA A/S
Since 2002, our specialized fleet of wind turbine installation vessels has installed more than 1,600 turbines for the global offshore wind market. The company has headquarters situated in Headquartered in Fredericia, Denmark
*Definition- Offshore wind energy is a technology that uses wind turbines placed close to lakes and oceanic shorelines to produce electricity.
