Wind industry is on the move
The global wind energy sector is taking off.
Installed wind power worldwide raced past the threshold of 100,000 MW in the course of the year with an installed capacity estimated at 120,823.5 MW worldwide, according to a recently released report titled "The Wind Power Barometer".
"The world has never known an energy sector to develop so quickly," says the Euro Observer in the report.
E.U. at a glance
Although growth in the European Union market fell slightly in 2008 (- 1.8% at 8,447.1
MW), growth was spectacular in the United States (+ 59.4% at 8,358MW) and in China (+ 90.7% at 6,300 MW). According to estimates, the world wind energy market reached 27,019.1 MW in 2008 as compared to a market of approximately 20 GW in 2007. This additional capacity brings the total wind capacity installed worldwide to almost 121GW
Europe still represents the major part of the total installed capacity (54.6% in 2008) ahead of North America and Asia.
The market itself is equally distributed between North America (32.9%), Europe (32.7%) and Asia (31.8%). The other regions of the world only represent 2.6% of the world market.
The United States, considered the great pioneers in the wind energy sector at the start of the 1980s, together with Denmark, who remained the leaders in the world wind energy market in 2008.
According to the American Wind Energy Association (AWEA), the country installed 8,358 MW during 2008 (5,244 MWin 2007) bringing its capacity to 25,170 MW. This capacity corresponds to the power supply for almost 7 million American homes. But, the upward trend of the North-American market could be affected this year by the financial crisis, which may delay financing for a certain number of projects.
The Chinese market is extremely promising and could become the leading market for wind energy in the very near future. According to the Global Wind Energy Council (GWEC), 6,300MW were installed in 2008 as compared to 3,304MW in 2007 and 1,347MW in 2006.
Market growth seems to have been somewhat slower in India (+ 14.3%, to 1,800 MW in 2008) but there is still enormous potential in this country. India already has a first class wind energy industry and is fully capable of joining the wind energy superpowers very shortly.
The European Union market shows a slight fall in growth according to initial estimates, mainly explained by a large drop in the Spanish market and a stagnant German market.
However, the EU market is now more diverse and still includes seven countries in the global top ten for installed capacity. It still represents 53.8% of the wind energy installed worldwide.
The currently favorable situation of the European players could soon be overturned, however, by a robust market entry of Chinese companies. China, which was absent from the rankings until recently, had two companies, Goldwind and Sinovel, in the top 10 wind turbine manufacturers.
China now counts a total of 18 manufacturers with projects at various stages of completion, and may rapidly become the leading world wind turbine manufacturer with a production capacity of 10,000 MW.
A PDF version of the report is available for free download at: http://www.eurobserv-er.org/downloads.asp
Tesla records $1.1bn quarterly profit
Tesla recorded $1.1 billion net income in the second quarter, for the first time in its history, overcoming semiconductor chip shortages and other supply chain challenges.
Spurred by record levels of global demand and 'never-before-seen inflection point' for electric vehicles, production ran close to full capacity, and a quarterly highlight was the launch of the Tesla Vision. Total revenues were just under $12 billion and year-on-year production increased from 180,338 models to 206,421.
Technology will continue to be key to the carmaker's future. "Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cutting-edge AI," it said.
Progress is being made on the industrialisation of the Cybertruck, which is earmarked for production at Austin. The removal of radar, which is enabled by its collection of a vast dataset of corner cases, allows Tesla to focus on vision and increase the pace of improvement - the first customers have downloaded FSD V9 Beta this month.
Geographic production breakdowns were as follows:
- US California and Texas production ramp of Model S progressed and majority of all Model 3/Y was delivered, and Texas Gigafactory (pictured below) continues to progress
- Shanghai production remained strong despite 'minor' supply chain challenges and Tesla has completed the transition of Gigafactory Shanghai as the primary vehicle export hub
- Europe Berlin-Brandenburg demand (main photo) remains well above supply, resulting in growing wait times for delivery, and new equipment and testing tools are being introduced, with growing import volumes in the interim
- The company is "on track" to build its first Model Y vehicles in Berlin and Austin this year but pressures on batteries and supply chains means the Semi truck program has been pushed back to 2022
Tesla said it has successfully validated performance and lifetime of its 4680 battery cells produced at its Kato facility in California but "we still have work ahead of us" before it can achieve volume production. Energy storage deployments more than tripled, driven mainly by several Megapack projects, although energy storage production continues to be held back by supply chain challenges, given its long backlog. Solar deployments reached 85MW in Q2, a triple jump on Q2 2020.
Gigafactory Texas: Model Y factory construction