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For more information about Navigant, go to: www.navigant.comwww.navigantresearch.com

Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93

2014 by Navigant Consulting, Inc

International Wind Energy Development

Forecast 2014-2018

World Market Update 2013

A BTM WIND REPORT

26thMarch 2014
http://www.navigant.com/http://www.navigant.com/

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Offshore Report 2013


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World Market Update 2013 March 2014 Page 2

World Market Update 2013Forecast 2014-2018

Market Development in 2013: Demand Side

Supply Side of the Market in 2013

Wind Power Plant Owners

Market Forecasts and Estimates:

Forecast until 2018 Prediction 2018-2023

Penetration of Wind Power Electricityand Wind Market Structures

Special Theme: Global Onshore Wind O&MMarket

Copyright Vestas Wind Systems A/S

Vestas V164-8.0 MW turbine at the Danish National Test Centre in sterild, Denmark

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Highlights of Wind Power Development in 2013

Global installation in 2013 of 36.13 GW

Vestas recaptures the No.1 position after it lost its leading position to GE Wind in 2012

China regains its title as the worlds largest annual market with 16,088 MW of new wind power

instaled in 2013

Offshore wind grows over 50% annually in 2013 and lines up for steady growth in Europe

Direct drive turbines take 28.1% of the global market even as traditional DFIG regains

popularity

Goldwind's GW 1.5 MW was the most installed wind turbine in 2013

Wind power will deliver at least 2.87% of the world's electricity in 2014, growing to 7.28% in

2018.

Wind power capacity installation in 2014 are expected to rebound with 29.6% growth

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Section 4Market Development in 2013

Demand Side

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World market growth rates 2008-2013

Year: Installed MW Increase % Cumulative MW Increase %

2008 28,190 122,158

2009 38,103 35% 160,084 31%

2010 39,404 3% 199,520 25%

2011 41,712 6% 241,029 21%

2012 44,951 8% 285,761 19%

2013 36,134 -20% 321,559 13%

5.1% 21.4%

Average growth - 5 years

Source: BTM Consult a part of Navigant, March 2014

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Annual & cumulative global wind energy development 1983-2013

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

0

9,000

18,000

27,000

36,000

45,000

54,000

1983 1990 1995 2000 2005 2010 2013

CumulativeMW

MWp

eryear

Year

Installed Wind Power in the World- Annua l and Cumula t ive -

Installed MW in year Accu. MW

Source: BTM Consult - A Part of Navigant - March 2014

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Installed capacity in 2012 and 2013 (Global)

Installed Accu. Installed Accu. % of installed

MW MW MW MW MW

2012 2012 2013 2013 2013

Total Americas 15,820 72,382 4,734 77,116 13.1%

Total Europe 12,824 110,196 11,560 121,471 32.0%

Total South & East Asia 15,400 94,687 18,439 113,126 51.0%

Total OECD-Pacific 521 6,574 765 7,338 2.1%

Total Africa 195 1,441 501 1,942 1.4%

Total other continents

and areas:142 431 135.0 566 0.4%

Annual MW installed

capacity44,951 36,134

Cumulative MW installed

in the world 285,761 321,559


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Installed capacity in 2012 and 2013 (American continent)

Installed Accu. Installed Accu.

MW MW MW MW

2012 2012 2013 2013

Argentina 54 166 76.0 242

Brazil 1,077 2,921 948.0 3,869

Canada 936 6,214 1,599 7,813

Costa Rica 15 207 42 249Mexico 389 1,512 476 1,988

USA 13,124 60,208 1,084 61,292

Other Americas 225 1,154 509 1,663

Total Americas 15,820 72,382 4,734 77,116


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Installed capacity in 2012 and 2013 (Asia)

Installed Accu. Installed Accu.

MW MW MW MW

2012 2012 2013 2013

P.R. China 12,960 75,372 16,088 91,460

India 2,336 18,602 1,987 20,589

Pakistan 50 56 50 106

Taiwan 46 545 32 577Rest of Asia: Indonesia, N.Korea, Malaysia, Philippines,

Thailand, Vietnam, etc.

8 112 282.0 394

Total South & East Asia 15,400 94,687 18,439 113,126

Source: BTM Consulta part of Navigant, March 2014

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Installed capacity in 2012 and 2013 (rest of world)

Installed Accu. Installed Accu.MW MW MW MW

2012 2012 2013 2013

Australia 358 2,834 655 3,489

Japan 87 2,673 50 2,722

New Zealand 0 603 0 603

Pacific Islands 0 18 0 18

South Korea 76 446 60 506

Total OECD-Pacific 521 6,574 765 7,338

Egypt 0 552 82 634

Morocco 102 394 101 495

Tunisia 0 277 28 305

Rest of Africa: Algeria, CapeVerde, Ethiopia, Libya, South

Af rica, etc.

93 218 290 508

Total Africa 195 1,441 501 1,942

Middle East: Jordan, Iran, Iraq,

Israel, Saudi Arabia, Syria, etc.(excl. Egypt)

6 110 40 150

Transition Economies: incl.Russia, White Russia, Ukraine,

Uzbekistan, Kazakstan, etc.

136 321.5 95.0 416.5

Total other continents

and areas:142 431.2 135.0 566.2


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Installed capacity in 2012 and 2013 (Europe)Installed Accu. Installed Accu.

MW MW MW MW2012 2012 2013 2013

Austria 296 1,378 283 1,661

Belgium 297 1,444 276 1,720

Bulgaria 61 643 7 650

Czech Rep. 44 239 8 247

Denmark 221 4,137 657 4,747

Estonia 86 259 11 270

Finland 90 268 160 428

France 757 7,593 535 8,128

Germany 2,415 31,467 3,237 34,468

Greece 137 1,993 75 2,068

Hungary 0 357 0 357

Ireland (Rep.) 125 1,812 288 2,100

Italy 1,272 7,998 450 8,448

Latvia 22 56 2 58

Lithuania 62 257 16 273

Luxembourg 14 42 0 42

Netherlands 243 2,552 162 2,714

Norway 195 683 110 793

Poland 880 2,547 894 3,441

Portugal 152 4,363 196 4,557

Romania 923 1,913 695 2,608

Spain 1,112 22,462 175 22,637Sweden 846 3,750 724 4,474

Switzerland 4 49 13 62

Turkey 506 2,488 646 3,134

UK 1,958 9,113 1,833 10,946

Rest of Europe: Cyprus,Malta, Iceland, Balkan states etc

107 333.7 106.8 440.5

Total Europe 12,824 110,196 11,560 121,471


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Total installed wind power capacity at the end of 2007, 2010 & 2013

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Europe Americas S&E Asia OECD Pacific Rest of World

Global Wind Power Status

2007 (94,005 MW) 2010 (199,520 MW) 2013 (321,559 MW)

Cumulative MW by end of 2007, 2010 & 2013


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Global installed offshore wind power in 2012 -2013Installed Accu. Installed Accu.

MW MW MW MW

Country 2012 2012 2013 2013

Belgium 184.5 379.5 186 565.5

P.R. China 110 319.9 36 355.9

Denmark 0 832.9 400 1232.9

Germany 80 278 230 508

Ireland (Rep.) 0 25 0 25

Netherlands 0 246.8 0 246.8Norway 0 2.3 0 2.3

Portugal 0 2 0 2

Sweden 0 163.3 48 211.3

Japan 0 0 16 16

UK 756 2861 805 3666

Total capacity - World 1,131 5,111 1,721 6,832


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Global offshore wind test sitesProject Country Units WTG Size Manufacturer MW ConstructionRoenland (Siemens) DK 4 2.3 MW Siemens 9.2 2002

Fredrikshavn I DK 1 2.5 MW Nordex 2.5 2003

Fredrikshavn II DK 2 3 MW Vestas 6 2003

Fredrikshavn III DK 1 2.3 MW Siemens 2.3 2003

Setana I JP 2 0.66 MW Vestas 1.32 2003

Sakata JP 5 2 MW Vestas 10 2004

Roenland (Vestas) DK 4 2 MW Vestas 8 2005

Breitling (Rostock) DE 1 2.5 MW Nordex 2.5 2006

Kemi Ajos I FIN 5 3 MW WinWinD 15 2007

Beatrice I UK 2 5 MW Repower 10 2007

Bohai test project CN 1 1.5 MW Goldwind 1.5 2007

Hooksiel DE 1 5 MW Bard 5 2008

Kemi Ajos II FIN 5 3 MW WinWinD 15 2008

Avedre DK 2 3.6 M W Siemens 7.2 2009Pori Offshore Pilot FIN 1 2.3 MW Siemens 2.3 2010

Kamisu JP 7 2 MW Fuji Heavy Industries 14 2010

Jiangsu Rudong intertidal trial project CN 16 1.5-3.0MW nine Chinese OEMs 32 2010

Jiangsu Xiangshui Intertidal trial

project

CN 3 2.0/2.5MW Sewind/Goldwind 6.5 2010

Avedre 2 DK 1 3.6 M W Siemens 3.6 2011

Demonstration offshore project of

Jeju Island

KR 1 2.0MW STX Windpower 2 2011

Jiangsu Xiangshui Intertidal trial

project extension

CN 1 3.0 MW Goldwind 3 2012

Demonstration offshore Project of

Jeju IslandKR 1

3 MW Doosan 3 2012

Choshi Offshore Demonstration JP 1 2.4 MW Mitsubishi 2.4 2013

Jiangsu Xiangshui Intertidal trial CN 1 3 MW Dongfang 3 2013Kitakyusgu Demonstration JP 1 2.0 MW JSW 2 2013

Offshore of Kabashima (floating) JP 1 2.0 MW Hitachi 2 2013

Fukushima Recovery Ex perimental

Offshore phase 1 (floating)JP 2 2.0 MW Hitachi

1 2013

Belwind Alstom Demonstration BE 1 6.0 MW Alstom 6 2013

Arinaga Quary ES 1 5.0 M W Gamesa 5 2013

Methil Demonstration ( Fife) UK 1 7.0 MW Samsung 7 2013

VolturnUS ( floating) US 1 0.75 MW N/A 0.75 2013

Total MW 191.07 MW


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Global operating offshore wind farms by end 2013Project name (Country) WTG`s MW Type foundations OperationVindeby (DK) 11 x 450 kW, Siemens 4.95 Concrete Caisson 1991

Lely (NL) 4 x 500 kW, Vestas 2.00 Driven Monopile 1994

Tun Knob (DK) 10 x 500 kW, Vestas 5.00 Concrete Caisson 1995

Dronten Isselmeer( NL) 28 x 600 kW, Vestas 16.80 Driven Monopile 1996

Bockstigen (S) 5 x 550 kW, Vestas 2.75 Drilled Monopile 1997

Utgrunden (S) 7 x 1.5 MW, GE Wind 10.50 Driven Monopile 2000

Blyth (UK) 2 x 2 MW, Vestas 4.00 Drilled Monopile 2000

Middelgrunden (DK) 20 x 2 MW, Siemens 40.00 Concrete Caisson 2000

Yttre Stengrund (S) 5 x 2 MW, Vestas 10.00 Driven Monopile 2001

Horns Rev (DK) 80 x 2 MW, Vestas 160.00 Driven Monopile 2002

Palludan Flak (DK) 10 x 2.3 MW, Siemens 23.00 Driven Monopile 2002

Nyst ed Havmllepark 72 x 2.3 MW , Siemens 165.60 Concrete Caisson 2003Arklow Bank Phase I(IRL) 7 x 3.6 MW , GE W ind 25.20 Driven Monopile 2003

North Hoyle (UK) 30 x 2 MW, Vestas 60.00 Driven Monopile 2003

Scroby Sands (UK) 30 x 2 MW, Vestas 60.00 Driven Monopile 2004

Kentish Flat (UK) 30 x 3 MW, Vestas 90.00 Monopile 2005

Barrow (UK) 30 x 3 MW, Vestas 90.00 Monopile 2006

Egmond aan Zee (NL) 36 x 3 MW, Vestas 108.00 Monopile 2006

Buro Bank (UK) 25 x 3.6 MW, Siemens 90.00 Monopile 2007

Lillgrund (S) 48 x 2.3 MW, Siemens 110.40 Concrete Caisson 2007

Inner Dowsing (UK) 27 x 3.6 MW, Siemens 97.20 Monopile 2008

Lynn (UK) 27 x 3.6 MW, Siemens 97.20 Monopile 2008

Q7 (NL) 60 x 2 MW, Vestas 120.00 Monopile 2008

Thornton Bank (BE) 6 x 5 MW, Senvion 30.00 Concrete Caisson 2008Phyl Flats (UK) 25 x 3.6 MW, Siemens 90.00 Monopile 2009

Horns Rev 2 (DK) 91 x 2.3 MW, Siemens 209.30 Monopile 2009

Hywind ( NO) 1 x 2.3 MW, Siemens 2.30 Floating 2009

Great Belt (DK) 7 x 3 MW, Vestas 21.00 Concrete Caisson 2009

Alpha Ventus (GE) 12 x 5 MW, Senvion/Areva 60.00 Monopile 2009

Vneren Gsslingegrund (S) 10 x 3 MW, WinWinD 30.00 Gravity Base 2009

Gunfleet Sands (UK) 48 x 3.6 MW, Siemens 172.80 Monopile 2009

Donghai Bridge phase 1 (CN) 34 x 3 MW, Sinovel 102.00 Gravity base + piles 2010Robin Rigg (UK) 60 x 3 MW, Vestas 180.00 Monopile 2010

Rdsand ? (DK) 90 x 2.3 MW, Siemens 207.00 Concrete Caisson 2010

Thanet (UK) 100 x 3 MW, Vestas 300.00 Monopile 2010

Baltic 1 (GE) 21 x 2.3 MW, Siemens 48.30 Monopile 2010

Bligh Bank (BE) 55 x 3 MW, Vestas 165.00 Monopile 2010

Walney 1 (UK) 51 x 3.6 MW, Siemens 183.60 Monopile 2010

Windfloat (PT) 1 x 2 MW, Vestas 2.00 Floating 2011

Ormonde (UK) 30 x 5 MW, Senvion 150.00 Grounded: Jacket 2011

Donghai Bridge phase 2 (CN) 1 x 5 MW, Sinovel 5.00 2011

1 x 3.6 MW, Sewind 3.60 2011

Thornton Bank Phase II 30 x 6.15 MW, Senvion 184.50 Jacket 2012

BARD Offshore 1- I,II,III (GE) 34 x 5 MW, Bard 170.00 Tripile 2012

Walney 2 (UK) 51 x 3.6 MW, Siemens 183.60 Monopile 2012

Greater Gabbard (UK) 150 x 3.6 MW, Siemens 504.00 Monopile 2012Sheringham Shoal (UK) 88 x 3.6 MW, Siemens 316.80 Monopile 2012

London Array Phase 1 (UK) 54 x 3.6 MW, Siemens 194.40 Monopile 2012

Rudong Intertidal Project Phase 1

(CN)

21/17/20 x 2.3/3/2.5 MW,

Siemens/Sinovel/ Goldwind

149.30 Muiti-piles/Monopile 2012

Rudong Intertidal Project Phase 1

Extension (CN)

20 x 2.5 MW, Goldwind 50.00 Monopile 2012

Longyuan Rudong Intertidal Trial

Project Extension (CN)

2 x 5 MW, CSIC Haizhuang 10.00 Multi-piles 2012

London Array Phase 1(UK) 121 x 3.6 MW, Siemens 435.60 Monoplie 2013

Lincs(UK) 75 x 3.6 MW, Siemens 270.00 Monopile 2013

Gunfleet Sands 3(UK) 2 x 6 MW, Siemens 12.00 Monopile 2013

Teesside(UK) 27 x 2.3 MW, Siemens 62.10 Monopile 2013

Gwynt y Mr(UK) 7 x 3.6 MW, Siemens 25.20 Monopile 2013

Anholt(DK) 111 x 3.6 MW, Siemens 399.60 Monopile 2013BARD Offshore 1- IV(GE) 46 x 5 MW, BARD 230.00 Tripile 2013

Thornton Bank Phas e III(BE) 18 x 6.15 MW , Senvion 110.70 Jac ket 2013

Northwind(BE) 25 x 3 MW, Vestas 75.00 Monopile 2013

Krehamn(S) 16 x 3 MW, Vestas 48.00 Concrete Caisson 2013

Kamisu nearshore Phase 2(JP) 8 x 2 MW, Hitachi 16.00 Monopile 2013

Guodian Binhai Intertidal

Project(CN)

18 x 1.5 MW, United Power 27.00 2013


Project Extension(CN)

2 x 4/5 MW, Envison/

Dongfang

9.00 Monopile/Multi-pile 2013

Total Number of WTGs: 2153 6,837 MW

Combination of gravity

base and piles


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Offshore wind projects under construction by the end of 2013Project Country Units WTG Size WTG Total MW In full

operation

Year

Borkum Phase 1 Germany 80 5.0 MW AREVA 400 2014

Riffgat Germany 30 3.6MW Siemens 108 2014

Meerwind sud/ost Germany 80 3.6MW Siemens 288 2014

Global Tech I Germany 80 5.0MW AREVA 400 2014

Nordsee Ost Germany 48 6.15MW REpower 295 2014

EnBW Baltic 2 Germany 80 3.6MW Siemens 288 2014

DanTysk Germany 80 3.6MW Siemens 288 2015

Amrumba nk West Germany 80 3.6 MW Siemen s 288 2015

Gwynt y Mr UK 160 3.6 MW Siemens 576 2014

West of Duddon Sands UK 108 3.6 MW Siemens 389 2014

Westermost Rough UK 35 6.0 MW Siemens 210 2015

Humber Gateway UK 73 3.0 MW Vestas 219 2014

Eneco Luchterduinen Netherlands 43 3.0MW Vestas 129 2015

Northwind Belgium 72 3.0 MW Vestas 216 2014


Project ExtensionChina 6&1 4.0 & 6.5 MW

Envision/

Mingyang30.5 2014

Longyuan Rudong Intertidal Project

Phase 1 ExtensionChina 50 4.0 MW

Siemens/Envis

ion200 2014

Donghai Bridge Offshore Phase 2 China 26 3.6 MW Sewind 93.6 2015

Shanghai Lingang phase 1 China 17 6.0 MW Sinovel 102 2014

Zhuhai Guishan China 29 3.0 MW Mingyang 87 2015

Jiangsu Binhai China 100 3.0 MW Sinovel 300 2015

Jiangsu Dafeng China 80 2.5 MW Goldwind 200 2015

Jiangsu Dongtai China 55 3.6 MW Sewind 200 2015Jiangsu Xiangshui China 67 3.0 MW N/A 201 2015

Zhejiang Putuo 6# China 50 5.0 MW N/A 250 2016

Fujian Putian Nanri Phase 1 China 100 4.0 MW Siemens 400 2015

Fukushima Recovery Experimental

Offshore Floating wind farm phas e 2Japan 2 7.0 MW Mitisubishi 18 2015

Tamra Offshore Wind S.Korea 10 3.0 MW Doosan 30 2014

Cape Wind US 130 3.6 MW Siemens 480 2016

Total

Europe

Asia

6686.1

North America


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Numbers of wind turbines worldwideTotal units Net increase per year Totaluntil end of by end of

Country/Region 2008 2009 2010 2011 2012 2013 2013

USA 33,660 4,975 3,379 3,489 6,022 695 52,220

Canada 1,866 357 492 479 671 643 4,508

Other Americas 1,137 353 355 638 1,137 1,633 5,253

Sum total 36,663 5,685 4,226 4,606 7,830 2,971 61,981

Austria 577 0 8 38 97 120 840

Denmark 5,460 -313 68 -87 15 182 5,325

Germany 20,421 856 798 685 642 839 24,241

Greece 1,294 146 128 147 39 40 1,794

Ireland (Rep.) 871 101 150 77 75 129 1,403

Italy 3,806 697 606 406 574 166 6,255

Netherlands 2,069 -52 19 38 89 92 2,255Portugal 1,781 301 175 198 72 43 2,570

Spain 18,127 1,245 505 376 537 47 20,837

Sweden 1,151 201 327 314 333 299 2,625

UK 2,427 459 593 433 772 920 5,604

Rest of Europe 3,891 1,304 1,564 1,561 1,427 1,622 11,369

Sum total 61,875 4,945 4,941 4,186 4,672 4,499 85,118

P.R. China 11,857 10,240 12,951 11,358 8,026 9,360 63,792

India 13,941 1,049 2,051 3,039 1,900 1,480 23,460

Pakistan 0 0 0 0 61 33 94

Japan 1,607 83 43 60 35 25 1,853

Rest of Asia 329 117 56 35 24 148 709

Sum total 27,734 11,489 15,101 14,492 10,046 11,046 89,908

Rest of World 2,471 536 290 453 384 512 4,646

Total units 128,743 22,655 24,558 23,737 22,932 19,028 241,652

Cumulative 128,743 151,398 175,956 199,693 222,093 241,652

In st al l ed c ap ac i ty b y t he en d of 20 13 : 3 21 ,5 59 MW

A verage size W TG in the wo r ld : 1,331 k W/W TG


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Average size of turbine (kW) installed each year

Average size of turbine (kW) in cumulative installation

Year Brazil Canada P.R. China Denma rk Germ any India Spa in Swede n UK USA Total

2008 1,426 1,945 1,220 2,277 1,916 999 1,837 1,738 2,256 1,677 1,566

2009 1,851 2,179 1,360 2,368 1,976 1,117 1,904 1,974 2,241 1,731 1,595

2010 1,806 2,013 1,469 2,514 2,047 1,293 1,915 2,013 2,568 1,875 1,655

2011 1,839 1,969 1,548 2,655 2,217 1,126 1,878 2,135 2,450 1,981 1,677

2012 1,694 1,921 1,646 3,080 2,385 1,229 1,987 2,294 2,536 1,930 1,847

2013 1,804 2,077 1,719 3,326 2,703 1,336 2,171 2,426 2,333 1,841 1,926

Year Braz il Cana da P.R. China Denm ark Germ any India Spa in Swede n UK USA Globa l

2008 1,388 1,292 1,022 579 1,172 693 921 890 1,406 750 953

2009 1,486 1,515 799 705 1,166 675 923 989 1,340 806 1,061

2010 1,340 1,263 1,278 730 1,240 761 1,035 1,275 1,738 959 1,137

2011 1,833 1,652 1,345 766 1,285 810 1,054 1,457 1,829 1,035 1,2072012 1,634 1,608 1,385 804 1,345 846 1,080 1,612 1,945 1,169 1,284

2013 1,401 1,733 1,434 891 1,422 878 1,086 1,704 1,953 1,174 1,331



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The 10 largest markets in 2013 (annual installed MW)

Country 2011 2012 2013 Share % Cum. Share %

P.R. China 17,631 12,960 16,088 44.5% 45%

Germany 2,007 2,415 3,237 9.0% 53%

India 3,300 2,336 1,987 5.5% 59%

UK 1,293 1,958 1,833 5.1% 64%

Canada 1,267 936 1,599 4.4% 68%

USA 6,810 13,124 1,084 3.0% 71%

Brazil 583 1,077 948 2.6% 74%

Poland 436 880 894 2.5% 77%

Sweden 763 846 724 2.0% 79%

Romania 520 923 695 1.9% 81%

Total 34,610 37,455 29,089

Percent of World 83.0% 83.3% 80.5%


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The 10 largest markets by the end of 2013 (cumulative MW)

Country 2011 2012 2013 Share % Cum. Share %

P.R. China 62,412 75,372 91,460 28.4% 28%

USA 47,084 60,208 61,292 19.1% 48%

Germany 29,248 31,467 34,468 10.7% 58%

Spain 21,350 22,462 22,637 7.0% 65%

India 16,266 18,602 20,589 6.4% 72%

UK 7,155 9,113 10,946 3.4% 75%

Italy 6,733 7,998 8,448 2.6% 78%

France 6,836 7,593 8,128 2.5% 80%

Canada 5,278 6,214 7,813 2.4% 83%

Denmark 3,927 4,137 4,747 1.5% 84%

Total 206,288 243,166 270,528

Percent of World 85.6% 85.1% 84.1%


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Growth rates in the Top 10 markets

Accu. Accu. Accu. Accu. Growth ra te 3 years

end end end end 2012-2013 average

Country 2010 2011 2012 2013 % %

P.R. China 44,781 62,412 75,372 91,460 21.3% 26.9%

USA 40,274 47,084 60,208 61,292 1.8% 15.0%

Germany 27,364 29,248 31,467 34,468 9.5% 8.0%

Spain 20,300 21,350 22,462 22,637 0.8% 3.7%India 12,966 16,266 18,602 20,589 10.7% 16.7%

UK 5,862 7,155 9,113 10,946 20.1% 23.1%

Italy 5,793 6,733 7,998 8,448 5.6% 13.4%

France 5,961 6,836 7,593 8,128 7.0% 10.9%

Canada 4,011 5,278 6,214 7,813 25.7% 24.9%

Denmark 3,805 3,927 4,137 4,747 14.7% 7.7%

Tota l "Ten" 171,116 206,288 243,166 270,528 11.3% 16.5%Source: BTM Consult a part of Navigant, March 2014

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Selected MW class onshore wind turbines in the market (1/3)Technical Spec. : Capaci ty Rotor diam. Comments

Name/types: kW m

Acciona AW-1500 1500 70/77/82 6-pole double feeding generator

AccionaAW 3000 3000 100/109/116 6-pole double feeding generatorAlstomWind ECO 74/80/86 Platform 1670 80/85.5 Pure torque concept

AlstomWind ECO 100/110 Platform 3000 100/110 Pure torque concept

AlstomWind ECO 122 Platform 2700 122 Pure torque concept

CCWE-1500DF 1500 70/77/82 Doule-fed

CCWE-1500D 1500 78/82 Direct Drive - PMG

CCWE-2000 D 2000 103 Direct Drive - PMG

CCWE-3600 3600 115 Hybrid concept- PMG

CSIC Haizhuang 2.0 MW 2000 82/87/93/100 Double-fed

CSIC Haizhuang 2.5 MW 2500 82/87/93/101 Double-fed

CSR WT 1500-D82/88 1500 82/88 High Altitude

CSR WT 1650-D82/88 1650 82/88 Covering cold climate

CSR WT 2000-D103/110 2000 103/110 Low wind speed

CSR WT 2500-D103/110 2500 103/110 High-speed PMG

Dongfang, DEC, 1.5 MW 1500 70/77/82/89 IGBT-Inverter

Dongfang, DEC, 2.0 MW 2000 87/93/103/108 IGBT-Inverter

Dongfang, DEC, 2.5 MW 2500 90/100 6-pole double fed generator

Dongfang, DEC, 3.0 MW 3000 100/115 Double-fed

Enercon E70, 2.3 MW 2300 71 Direct-drive annular generator

Enercon E82 E2, 2.0 MW 2000 82 Direct-drive annular generator

Enercon E82 E2, 2.3MW 2300 82 Direct-drive annular generator





Enercon E115, 2.5 MW 2500 115 Direct-drive annular generator Enercon E115, 3.0 MW 3000 115 Direct-drive annular generator


Envision E70/77/82 1500 70/77/82 Double-fed

Envision E87/93 1500 87/93 Low wind speed

Envision E90/100/103 2300 90/100/103 Double-fed

Envision EN136 4000 136 Three stage gearbox, three blade

FWT 2000 2050 93.2 Double fed asynchronous

FWT 2500 2500 90/100/104 Double fed asynchronous with slip-ring rotors

FWT 3000 3000 120 Medium speed PMG (HybridDrive)

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Selected MW class onshore wind turbines in the market (2/3)Technical Spec.: Capacity Rotor diam. Comments

Name/types: kW m

GAMESA G80/87/90 2000 80/87/90 Doubly fed induction generator GAMESA G97/114 2000 97/114 Doubly fed induction generator, Low wind speed

GAMESA G114 2500 114 Doubly fed induction generator

GAMESA G128-4.5 MW 4500 128 Permanent Magnet Synchronous generator

GAMESA G128/132 5000 128/132 Medium speed PMG (HybridDrive)

GE Wind 1.5 1500 77/82.5 IGBT-Inverter

GE Wind 1.6 1600 82.5/100 IGBT-Inverter

GE Wind 1.7 1700 100/103

GE Wind 1.85 1850 82.5/87

GE Wind 2.5 2500 100/103/120 IGBT-Inverter, PMG

GE Wind 2.75 2750 100/103 IGBT-Inverter, PMG

GE Wind 2.85 2850 100/103 IGBT-Inverter, PMG

GE Wind 3.2 3200 103

Goldwind GW1500 1500 70/77/82/87/93 Direct Drive - PMG

Goldwind GW2500 2500 100/109/112 Direct Drive - PMG

Goldwind GW3000 3000 100 Hybrid concept- PMG

HITACHI HTW2.0 2000 80 Downwind

IMPSA IV 70/77/82 1500 70/77/82 Direct Drive - PMG Vensys license

IMPSA IWP 70 1500-1800 70 Direct Drive - PMG Unipower License

IMPSA IWP 83/85/100 2000-2100 83/85/100 Direct Drive - PMG Unipower License

XEMC XE-2000 2000 72/82/87/93 Direct Drive - PMG

MHI,MWT 62 1000 62 Induction generator (4 pole)

MHI,MWT 92 2.4 2400 92/95/100/102 Doubly fed asynchronous generator, IGBT

Mingyang MY 1.5/2.0 1500/2000 77/83/89 Doubly fed asynchronous generator, IGBTMingyang SCD2.5/3.0 2500/3000 92/100/108 Permanent magnet synchronous generator

Mingyang SCD 6.5 Offshore 6500 92/100/109 Permanent magnet synchronous generator

Nordex N77/82 1500 77/82 Double-fed asynchronous generator

Nordex N90/N100 2500 90/100 Double-fed asynchronous generator

Nordex N117 2.4/3.0 2400/3000 117 Double-fed asynchronous generator

Nordex N100 3.3 3300 100 Double-fed asynchronous generator

Nordex N131 3.0 3000 131 Double-fed asynchronous generator

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Selected MW class onshore wind turbines in the market (3/3)Technical Spec.: Capacity Rotor diam. Comments

Name/types: kW m

Senvion MM82/92 2050 82 Double-fed asynchronous generator, IGBT

Senvion MM100 1800/2000 100 Double-fed asynchronous generator, IGBTSenvion 3.2M114 3200 114 Double-fed asynchronous generator

Senvion 3.4M104 3400 104 Double-fed asynchronous generator

Senvion 3.0M122 3000 122 Double-fed asynchronous generator, hybrid tower

Senvion 6.XM 6150 126/152 Double-fed asynchronous generator, IGBT

Sewind W1250 1250 62/64/70 Double-fed induction generator

Sewind W2000 2000 87/93/99/105 Double-fed induction generator

Sewind W3600 3600 116/122 Double-fed induction generator

Siemens G2 Platform 2300 182/93/101/108 Asynchronous generator

Siemens D3 Platform 3000 101/108/113 Direct Drive - PMG

Siemens G4 Plat form 3600 107/120 Asynchronous generator

Siemens G4 Plat form 4000 120/130 Asynchronous generator

Siemens D6 Platform 6000 120/154 Direct Drive - PMGSinovel SL1500 1500 70/77/82/89

Sinovel SL3000 3000 90/100/105/115 Double-fed

Sinvoel SL5000 5000 128 Double-fed

Suzlon S64/66-1.25 MW 1250 64/66 Asynchronous generator

Suzlon S82-1.5 MW 1500 82 Single speed induction generator with slip rings

Suzlon S88-2.1 MW 2100 88 Asynchronous slip ring type induction generator

Suzlon S95/S97 2100 95/97 DFIG

United Power UP/1500 1500 77/82/86/100/108 IGBT-Inverter

United Power UP/2000 2000 96/103 IGBT-Inverter

United Power UP/3000 3000 100/108 IGBT-Inverter

VESTAS V80 2000 80 Also available in PMG and GridStreamer

VESTAS V90-1.8/2MW 1800/2000 90 Also available in PMG and GridStreamerVESTAS V90-3.0MW 3000 90 DFIG

VESTAS V100-1.8MW 1800 100 DFIG, slip rings

VESTAS V100-2.0MW 2000 100 DFIG, slip rings

VESTAS V100-2.6MW 2600 100 DFIG

VESTAS V105-3.3MW 3300 105 IECIA

VESTAS V112-3.3MW 3300 112 IECIB/IECIIAVESTAS V117-3.3MW 3300 117 IECIIA

VESTAS V126-3.3MW 3300 126 IECIIIA


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Selected MW class offshore wind turbines in the marketTechnical Spec.: Capacity Rotor diam. Comments

Name/types: kW m

AlstomWind Halide 150 6000 150 Direct Drive - PMG, Offshore

Areva Wind M5000 -116/135 5000 116/135 Multibrid concept, Offshore

BARD 5.0 5000 122 Doubly-fed asynchronous generator, Offshore

Doosan WinDS3000 3000 91.6 Integrated drive train without main shaft, PMG

Dongfang, DEC, 5.5MW 5500 140 Permanent magnet synchronous generator

Envision EN136 4000 136 Three stage gearbox, three blade, on/offshore

GAMESA G128/132 5000 128/132 Medium speed PMG (HybridDrive), on/offshore

Goldwind GW2500 2500 100/109/112 Direct Drive - PMG

Hyundai HQ5500 5500 140 Permanent magnet synchronous generator

Mingyang SCD3.0 2500/3000 92/100/108 Permanent magnet synchronous generator

Mingyang SCD 6.5 Offshore 6500 92/100/109 Permanent magnet synchronous generatorSenvion 6.XM 6150 126/152 Double-fed asynchronous generator, IGBT, On/offshore

Sewind W3600 3600 116/122 Double-fed induction generator, On/offshore

Siemens G4 Platform 3600 107/120 Asynchronous generator, On/offshore

Siemens G4 Platform 4000 120/130 Asynchronous generator, On/offshore

Siemens D6 Platform 6000 120/154 Direct Drive - PMG, On/Offshore

Sinovel SL3000 3000 90/100/105/115 Double-fed, Onshore/offshore

Sinvoel SL5000 5000 128 Double-fed, Onshore/offshore

Sinvoel SL6000 6000 128 Double-fed, Offshore

United Power UP/6000 6000 136 Double-fed, Offshore

VESTAS V90-3.0MW 3000 90 DFIG, Onshore/offshore

VESTAS V112-3.3MW 3300 112 IECIB/IECIIA, On/offshoreVESTAS V164-8MW 8000 164 Medium speed PMG (HybridDrive), Offshore

XEMC XE/DD115/128 5000 115/128 Direct Drive - PMG, Offshore


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Section 5Supply Side of the Market in 2013

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Typical onshore wind turbine development timeline

6 months 1-3 months 6 months Up to 1 week

Delivery

Order/

Sale

Construct foundation/

cabling and grid

preparation Installation

Grid

Connection Commissioning

Commence

operation

Transfer of Risk

~15 months

Shipment

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The top-10 suppliers in 2013

Accu. Supplied Share Accu. Share

MW MW 2013 MW accu.

2012 2013 % 2013 %

VESTAS (DK) 56,780 4,893 13.1% 61,673 18.9%

GOLDWIND (PRC) 15,452 4,112 11.0% 19,564 6.0%

ENERCON (GE) 29,370 3,687 9.8% 33,057 10.1%

SIEMENS (DK) 20,192 2,776 7.4% 22,968 7.0%

GE WIND (US) 37,108 2,458 6.6% 39,566 12.1%GAMESA (ES) 27,745 2,069 5.5% 29,814 9.1%

SUZLON GROUP (IND) 23,582 1,995 5.3% 25,577 7.8%

UNITED POWER (PRC) 7,323 1,488 4.0% 8,811 2.7%

MINGYANG (PRC) 4,159 1,297 3.5% 5,456 1.7%

NORDEX (GE) 8,884 1,254 3.3% 10,138 3.1%

Others 58,962 11,448 30.5% 70,410 21.5%

Total 289,557 37,478 100% 327,034 100%

Source: BTM Consult

a part of Navigant, March 2014

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The five next in line

Accu. Supplied Share Accu. Share

MW MW 2013 MW accu.

2012 2013 % 2013 %

ENVISION (PRC) 1,279 1,142 3.0% 2,421 0.7%

XEMC (PRC) 2,696 1,052 2.8% 3,748 1.1%

SINOVEL (PRC) 14,369 1,037 2.8% 15,406 4.7%

SEWIND (PRC) 2,610 1,014 2.7% 3,624 1.1%

CSIC HAIZHUANG (PRC) 1,135 787 2.1% 1,922 0.6%

Remaining Others 36,873 6,416 17.1% 43,290 13.2%

Total 58,962 11,448 30.5% 70,410 21.5%


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VESTAS (DK) 13.1%

GOLDWIND (PRC)11.0%

ENERCON (GE) 9.8%

SIEMENS (DK) 7.4%

GE WIND (US) 6.6%

GAMESA (ES) 5.5%

SUZLON GROUP (IND)5.3%

UNITED POWER(PRC) 4.0%

MINGYANG (PRC)3.5%

NORDEX (GE) 3.3%

Others 30.5%

Top-10 Suppliers (Global) in 2013

% of the total market 37,478MW


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Change in market share 2012-2013

GOLDWIND (PRC)

ENERCON (GE)

NORDEX (GE)

MINGYANG (PRC)

GAMESA (ES)

UNITED POWER (PRC)

VESTAS (DK)

SUZLON GROUP (IND)

SIEMENS (DK)

GE WIND (US)

-10% -8% -6% -4% -2% 0% 2% 4% 6%

Performed better than themarketUnderperformed themarket


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Global footprint of top ten wind turbine manufacturers 2013

VESTAS (DK)GOLDWIND (PRC)

ENERCON (GE)

SIEMENS (DK)

GE WIND (US)

GAMESA (ES)SUZLON GROUP (IND)UNITED POWER (PRC)

MINGYANG (PRC) NORDEX (GE)

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

0 5 10 15 20 25 30

GlobalMarketShare

No. of markets (Total supply >50MW)

Top-Ten manufacturers market strength and positions in 2013

DomesticSupplier

GlobalSupplier

Source: BTM Consult - A Part of Navigant - March2014

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Leading suppliers in the top ten markets in 2013

Total

MW

Market/Country 2013

1. P.R. China 16,092 Goldwind United Power Mingyang

2. Germany 3,301 Enercon Vestas Suzlon Group

3. India 1,977 Gamesa Wind World India Suzlon Group

4. UK 2,146 Siemens Suzlon Group Vestas

5. Canada 1,336 Enercon Vestas Suzlon Group6. USA 1,279 GE Wind Vestas Siemens

7. Brazil 1,757 GE Wind Gamesa Vestas

8. Poland 816 Vestas Suzlon Group Enercon

9. Sweden 725 Vestas Siemens Enercon

10. Romania 912 Vestas Siemens Enercon

Total MW in Top Ten 30,340


Positions in the Top

Ten markets

The Top Ten ma rk ets represent for 81% of g l oba l wind t urb ine supp ly i n 2013

Suppliers in the leading markets

No. 1 No. 2 No. 3

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Share of supplied MW by top ten wind turbine suppliers

2009 2010 2011 2012 2013

Top-10 market share 80.9% 79.8% 78.2% 77.4% 69.5%

Other manufacturers 19.1% 20.2% 21.8% 22.6% 30.5%


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Market shares in 2011, 2012 and 2013

Supplied Share Supplied Share Supplied ShareMW 2011 MW 2012 MW 2013

2011 % 2012 % 2013 %

VESTAS (DK) 5,213 12.9% 6,020 14.0% 4,893 13.1%

GOLDWIND (PRC) 3,789 9.4% 2,609 6.0% 4,112 11.0%

ENERCON (GE) 3,188 7.9% 3,538 8.2% 3,687 9.8%

SIEMENS (DK) 2,540 6.3% 4,114 9.5% 2,776 7.4%

GE WIND (US) 3,542 8.7% 6,696 15.5% 2,458 6.6%

GAMESA (ES) 3,309 8.2% 2,625 6.1% 2,069 5.5%

SUZLON GROUP (IND) 3,104 7.7% 3,177 7.4% 1,995 5.3%UNITED POWER (PRC 2,859 7.1% 2,029 4.7% 1,488 4.0%

MINGYANG (PRC) 1,178 2.9% 1,183 2.7% 1,297 3.5%

NORDEX (GE) 970 2.4% 920 2.1% 1,254 3.3%

Others 10,806 26.7% 10,224 23.7% 11,448 30.5%

Total 40,495 100% 43,134 100% 37,478 100%

Source: BTM Consul t - A Part of Navigant - March 2014

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Wind turbine size classes by market share 2011-2013

Year 2011 2012 2013Total MW supplied 40,495 43,134 37,478

Product (Size range)

"Small WTGs" 2500 kW 7.2% 12.8% 17.5%

Total 100.0% 100.0% 100.0%


% of total MW

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Wind turbine size classes by market share 2013

Product (Size range) Units MW kW/unit Share

0-749kW 72 32 445 0.1%

750-999kW 1,050 861 820 2.3%

1000-1499kW 144 173 1,202 0.5%

1500-2500kW 16,167 29,844 1,846 79.6%

2501 and up 2,025 6,568 3,243 17.5%

Total 19,458 37,478 1,926 100.0%


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Leading suppliers in the four wind turbine size classes 2013

Small turbines One-MW Mainstream Multi-MW Class

WTGs < 750 kW WTGs: 750-1499 kW WTGs: 1500-2500kW WTGs: >2500kW

Position:

1 Enercon Wind World India Goldwind Vestas

2 Suzlon Group Gamesa Vestas Siemens

3 Hitachi Enercon Enercon Enercon


Company Name

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Leading suppliers in the 1.5 MW+ size class 2013

WTG 1500 kW and larger Total MW supplied Share of thePosition Company in 2013 MW-segment

1 VESTAS, DK 4,843 13.3%

2 GOLDWIND, PRC 4,101 11.3%

3 ENERCON, GE 3,571 9.8%

4 SIEMENS, DK 2,737 7.5%

5 GE WIND, US 2,458 6.8%

Others 18,701 51.4%

Total installed MW: 36,412 100%Source: BTM Consult - A Part of Navigant - March 2014

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Leading suppliers in the multi-MW size class - 2013

WTG larger than 2500 kW Total MW supplied Share of thePosition Company in 2013 MW-segment

1 VESTAS, DK 1,962 32.9%

2 SIEMENS, DK 1,274 21.4%

3 ENERCON, GE 1,017 17.0%

4 SUZLON GROUP, IND 568 9.5%

5 SINOVEL, PRC 432 7.2%

Others 715 12.0%

Total installed MW: 5,969 100%


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Section 6Wind Power Plant Owner-Operators

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Leading utility and IPP wind farm owner-operators

Name of wind farm operator

Cumulative MW

capacity by end

of 2011

Cumulative MW

capacity by end

of 2012

Cumulative MW

capacity by end

of 2013

1. Iberdrola Renovables (ES) 13,274 13,619 13,834

2. Longyuan Power Group (CN) 8,945 10,544 11,910

3. NextEra Energy Resources (US) 8,569 10,057 10,210

4. EDP Renovaveis (P) 7,483 7,948 8,500

5. Acciona Energy (ES) 6,921 7,096 7,201

6. Huaneng Renewables Corporation (CN) 4,904 5,457 6,221

7. Datang Renewable Power (CN) 5,172 5,669 5,841

8. China Power Investment Corporation (CN) 2,718 3,605 5,317

9. Enel Green Power (It) 3,541 4,315 5,100

10. Shenhua Guohua Energy( CN) 3,385 4,232 5,055

11. E.ON Climate and Renewables (GE) 4,035 4,627 4,495

12. CGN Windpower (CN) 2,890 3,200 4,350

13. EDF Energies Nouvelles (FR) 2,790 3,629 4,019

14. GDF Suez ( FR) 3,440 3,210 3,66815. Huadian Fuxin Energy (CN) 2,429 3,075 3,621

Total of the shown companies 80,496 90,283 99,342


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Market share of major utilities and IPPs

13.9%

12.0%

10.3%

8.6%

7.2%6.3%

5.9%

5.4%

5.1%

5.1%

4.5%

4.4%

4.0%

3.7%3.6%

Share of the operators / owners market (%)

Iberdrola Renovables (ES)

Longyuan Power Group (CN)

NextEra Energy Resources (US)

EDP Renovaveis (P)

Acciona Energy (ES)

Huaneng Renewables Corporation (CN)

Datang Renewable Power (CN)

China Power Investment Corporation (CN)

Enel Green Power (It)

Shenhua Guohua Energy( CN)

E.ON Climate and Renewables (GE)

CGN Windpower (CN)

EDF Energies Nouvelles (FR)

GDF Suez ( FR)

Huadian Fuxin Energy (CN)

Total market: 99,342 MW (100%)


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Potential major wind farm owner-operators/developers (1/2)

Region / Country Company

Denmark SEA-NVE

France Eolfi, Tholia, Akuo Energy, EOLE-RES

Germany Bay wa, EnBW , Energiekontor, Energiequellle, EW E, Juwi, Os twind, PNE W ind, SeeBa

Energy Farming, Stadtwerke Munich, WKN Windkraft Nord, WPD.

Ireland ESB International, Mainstream Renewable Power

Italy Erg Renew, Falck Renewables, IVPC, Moncada.

Netherlands Eneco, Shell Renewable

Norway Fred Olsen Renewables, Statkraft, Statoil

Poland Eco-W ind, CEZ, Polish Energy Partners , PGE, PS Wind Managment

Portugal Martifer Renewables, Iberwind

Spain Eol ia Renovables, Enerfin Sociedad de Energia, Fersa, FCC Energia, Gas Natural

Sweden Vattenfall, Arise Windpower

Turkey Agaoglu Group, B ligin Enerji, Demirer, Eksim, Fina Enerji, Zorlu Enerji

UK BP Alternative Energy, Centrica, Fluor, RES, SSE Renewables, SeaEnergy

EUROPE


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Potential major wind farm owner-operators/developers (2/2)

Region / Country Company

USA Caithness, Cielo Wind Power, Cannon Power, Continental Wind Partner, Duke Energy,

Edsion Mission Energy, Element Power, Exelon Wind, First Wind, Infinity Wind Power,

MidAmerican Energy, Midwest Wind Energy, Nobel Environmental Power, Pattern

Energy, Sempra Generation, Terra-Gen

Canada Algonquin Power, Cartier Wind Energy, Enbridge, Schneider Power, Shear Wind,

TransAlta, Windstream

Brazil CPFL Energia, Eletrobras, Eletrosul, Energimp, Eol ica Tecnologia, Renova Energia

China Beijing Clean Energy, BCEG, CECIC, CLP, China Resources Power Holding, China

WindPower Group, CNOOC, China Power Investment, HKC, Shandong Nuneng, Suntian

Green Energy, Ningxia Electric Power, Three Gorges Group, Tianrun

India Airvoice Group, Caparo Energy, Greenko Group, India Energy, National Thermal Power

Corporation, Reliance Energy, ReNew Power, Tata Power

Japan Eurus Energy, Japan W ind Development, Marubeni, Sumitomo

South Korea Korea Electric Power Corporat ion, POSCO

Australia Australia Gas Light, CBD Energy, Infigen, Origin Energy, Pacific Hydro

Morocco Nraeva

South Africa AFPOC Ltd, Cennergi, Eskom, Red Cap


North and South America

ASIA

Africa

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Section 7Market Forecasts and Estimates

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Forecast for wind power development 2014-2018 (Global)

2013 2013 2014 2015 2016 2017 2018 Sum Accu.

Total Americas 77,116 4,734 11,100 11,000 7,425 8,250 9,350 47,125 124,241

Total Europe 121,471 11,560 12,217 11,890 12,890 15,025 16,600 68,622 190,093

Total South & East Asia 113,126 18,439 20,900 22,450 22,825 24,150 24,650 114,975 228,101

Total OECD-Pacific 7,321 766 910 771 920 1,300 1,650 5,551 12,872

Total other areas 2,525 636 1,727 2,092 3,115 3,500 3,360 13,794 16,319

Total MW new capacity

every year:36,134 46,854 48,203 47,175 52,225 55,610 250,067 571,625

Accu. capacity (MW) 321,559 368,412 416,615 463,790 516,015 571,625


Cumulativeinstalled

capacity

(MW)by

endof2018Forecast 2014-2018

Cumulativeinstalled

capacity

(MW)by

endof2013

Installed

capacity

(MW)in2013

Installed

capacity

between

2014-

2018

(incl. Offshore)

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Forecast for wind power development 2014-2018 (American continent)

2013 2013 2014 2015 2016 2017 2018 Sum Accu.

Argentina 242 76 100 125 125 150 175 675 917

Brazil 3,869 948 1,700 1,700 1,800 1,850 1,900 8,950 12,819Canada 7,813 1,599 1,600 1,600 1,200 1,200 1,200 6,800 14,613

Chile 315 130 200 225 250 250 275 1,200 1,515

Mexico 1,988 476 600 650 700 750 800 3,500 5,488

USA 61,292 1,084 6,300 6,000 2,800 3,600 4,500 23,200 84,492

Other Americas 1,597 421 600 700 550 450 500 2,800 4,397

Total Americas 77,116 4,734 11,100 11,000 7,425 8,250 9,350 47,125 124,241


Cumulativeinstalle

d

capacity

(MW)b

y


Cumulativeinstalle

d

capacity

(MW)b

y

endof2013

Installed

capacity

(MW)in2013

Installed

capacity

between

2014

-

2018

(incl. Offshore)

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Forecast for wind power development 2014-2018 (Asia)

2013 2013 2014 2015 2016 2017 2018 Sum Accu.

P.R. China 91,460 16,088 18,000 19,000 19,000 20,000 20,000 96,000 187,460

India 20,589 1,987 2,500 3,000 3,200 3,400 3,600 15,700 36,289

Pakistan 106 50 50 50 100 150 250 600 706

Taiw an 577 32 50 100 125 150 200 625 1,202

Rest of Asia: Indonesia,

Malaysia, Philippines,

Thailand, Vietnam, etc.

394 282 300 300 400 450 600 2,050 2,444

Total Asia 113,126 18,439 20,900 22,450 22,825 24,150 24,650 114,975 228,101


Installed

capacity

between

2014-

2018

Cumulativeinstalled

capacity

(MW)by


Cumulativeinstalled

capacity

(MW)by

endof2013

Installed

capacity

(MW)in2013

(incl. Offshore)

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Forecast for wind power development 2014-2018 (rest of the world)

2013 2013 2014 2015 2016 2017 2018 Sum Accu.

Australia 3,489 655 650 400 450 500 600 2,600 6,089

Japan 2,722 50 100 200 200 300 400 1,200 3,922

New Zealand 603 1 60 71 120 150 150 551 1,154

South Korea 506 60 100 100 150 350 500 1,200 1,706

Total OECD-Pacific 7,321 766 910 771 920 1,300 1,650 5,551 12,872

Egypt 634 82 118 160 360 540 450 1,628 2,262Ethiopia 258 84 67 171 220 250 300 1,008 1,266

Kenya 5 0 20 60 300 340 100 820 825

Morocco 495 101 523 300 250 250 200 1,523 2,018

South Africa 200 196 531 600 550 600 400 2,681 2,881

Tunisia 305 28 40 60 100 0 50 250 555

Other African Countries -

including: Algeria, Cape Verde,

Libya, etc.

45 10 121 109 190 150 200 770 815

Middle East: Jordan, Iran, Iraq,

Israel, Saudi Arabia, Syria, etc.

(excl. Egypt)

150 40 112 267 415 465 480 1,739 1,888

Trans ition Economies : inc l.

Russia, White Russia, Ukraine,

Uzbekistan, Kazakstan, etc.

417 95 195 360 730 900 1,170 3,355 3,772

Rest of the w orld 18 0 0 5 0 5 10 20 38

Total other cont inents and

areas:2,525 636 1,727 2,092 3,115 3,500 3,360 13,794 16,319


Cumulativeinstalled

capacity

(MW)by

endof20

18Forecast 2014-2018

Cumulativeinstalled

capacity

(MW)by

endof20

13

Installed

capacity

(MW)in2

013

Installed

capacity

between

2014-

2018

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Forecast for wind power development 2014-2018 (Europe)

2013 2013 2014 2015 2016 2017 2018 Sum Accu.

Austria 1,661 283 300 325 350 375 375 1,725 3,386

Belgium 1,720 276 250 250 100 450 550 1,600 3,320

Bulgaria 650 7 25 50 100 100 150 425 1,075

Czech Rep. 247 8 25 50 50 50 100 275 522

Denmark 4,747 657 200 200 200 500 550 1,650 6,397

Estonia 270 11 15 50 50 75 100 290 560

Finland 428 160 150 250 250 300 350 1,300 1,728

France 8,128 535 500 750 1,000 1,650 1,800 5,700 13,828

Germany 34,468 3,237 3,500 3,000 3,000 3,000 3,000 15,500 49,968Greece 2,068 75 100 175 200 200 225 900 2,968

Hungary 357 0 0 25 50 100 150 325 682

Ireland (Rep.) 2,100 288 250 250 300 300 300 1,400 3,500

Italy 8,448 450 500 500 550 550 550 2,650 11,098

Latvia 58 2 25 50 50 50 50 225 283

Lithuania 273 16 45 25 50 50 50 220 493

Netherlands 2,714 162 300 450 600 800 800 2,950 5,664

Norw ay 793 110 50 100 150 200 400 900 1,693

Poland 3,441 894 900 900 550 600 700 3,650 7,091

Portugal 4,557 196 125 100 100 150 150 625 5,182

Romania 2,608 695 1,000 1,000 1,000 600 500 4,100 6,708

Spain 22,637 175 5 25 25 50 50 155 22,792Sw eden 4,474 724 1,000 700 700 700 700 3,800 8,274

Sw itzerland 62 13 0 15 15 25 50 105 167

Turkey 3,134 646 850 1,000 1,200 1,300 1,500 5,850 8,984

UK 10,946 1,833 2,000 1,500 2,000 2,500 3,000 11,000 21,946

Rest of Europe: Luxembourg,Cyprus, Malta, Iceland & Balkan

states etc.

483 107 102 150 250 350 450 1,302 1,785

Total Europe 121,471 11,560 12,217 11,890 12,890 15,025 16,600 68,622 190,093


Cumula

tiveinstalled

capacity

(MW)by

endof2018

(incl. Offshore)

Forecast 2014-2018

Cumula

tiveinstalled

capacity

(MW)by

endof2013

Installed

capacity

(MW)in

2013

Installed

capacity

between

2014-

2018

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Cumulative installed capacity by region at the end of 2013 and by 2018

0

50,000

100,000

150,000

200,000

250,000

Europe Americas S&E Asia OECD PacificRest of World

Global Wind Power Forecast

2013 (321,559 MW) 2018 (571,625 MW)

Cumulative MW by end of 2013 & Forecast 2018


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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Forecast of annual installation for the years 2014-2018

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

1990 1995 2000 2005 2012 2017

MW

Annual Wind Power Development

Europe Americas Asia Rest of World Existing

Actual 1990-2013 & Forecast 2014-2018

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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



United States

Market Forecast 2013-2018

Key Facts

Average size of WTG in 2013 (kW): 1,841Market Structure: PTC/ITC

New installed global rank 2013: 6stForecast installations for 2014 (MW) 6,300Most popular model in 2013 GE 1.6-100

1,084

6,300 5,766

2,5113,501 3,494

-

- 234

28999

1,006

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore O ffshore

0

6,000

12,000

18,000

24,000

30,000

36,000

42,000

48,000

54,000

60,000

66,000

72,000

0

1,000

2,000

3,000

4,000

5,0006,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

MW

Installed capacity in the USA

Installed MW Forecast Cumulative Cumul. forecast

Cumulative end 2013: 61,292MW

Source: BTM Consult - A Part of Navigant Consulting - March 2014

Siemens7%

GE Wind85%

Vestas8%

2013 Market Share in USA% of 1,279MW in total

Source: BTM Consult - A Partof Navigant - March 2014

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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Canada

Key Facts

Average size of WTG in 2013 (kW): 2,077Market Structure: SOP/RFP

New installed global rank 2013: 5th

Forecast installations for 2014 (MW) 1,600Most popular model in 2013 Enercon E82-2300


1,599 1,600 1,6001,200 1,200 1,200

-- -

- - -

-

500

1,000

1,500

2,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

-6%

Siemens10%

Enercon41%

Acciona2%

Vestas32%

Suzlon Group15%

Other1%

2013 Market Share in Canada% of 1,336MW in total

Source: BTM Consult - A Part of Navigant -March 2014

0

1,400

2,800

4,200

5,600

7,000

8,400

9,800

11,200

0

400

800

1,200

1,600

2,000

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

MW

Installed capacity in Canada




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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Brazil

Key Facts

Average size of WTG in 2013 (kW): 1,804Market Structure: PPA Auctions


Forecast installations for 2014(MW) 1,700Most popular model in 2013 GE 1.6-82.5


948

1,700 1,700 1,800 1,850 1,900-

- -- -

-

-

500

1,000

1,500

2,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

+15%

Alstom Wind11% GE Wind

25%

Gamesa20%

Impsa15%

Acciona5%

Vestas19%

Suzlon Group3%

Other2%

2013 Market Share in Brazil% of 1,757MW in total


0

600

1200

1800

2400

3000

3600

4200

4800

5400

6000

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1995 1998 2001 2004 2007 2010 2013

C

umulativeMW

MW

Installed capacity in Brazil



Source: BTM Consult -A Part of Navigant Consulting -March 2014

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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Mexico

Key Facts

Average size of WTG in 2013 (kW): 1,977Market Structure: SOP/RFP

New installed global rank 2013: 15thForecast installations for 2014 (MW) 600Most popular model in 2013 Gamesa G80 2.0


476600 650 700

750 800-

-- -

--

-

200

400

600

800

1,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

+11%

0

400

800

1200

1600

2000

2400

2800

0

100

200

300

400

500

600

700

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

MW

Installed capacity in Mexico



Source: BTM Consult - A Part of Navigant Consulting -March 2014

GE Wind5%

Gamesa73%

Vestas22%

2013 Market Share in Mexico% of 476MW in total


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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Germany

Key Facts

Average size of WTG in 2013 (kW): 2,703

Market Structure: FiTNew installed global rank 2013: 2ndForecast installations for 2014 (MW) 3,500Most popular model in 2013 Enercon E-82-2300


3,2372,700

2,100 2,100 2,200 2,200

-800

900 900 800 800

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

-2%

Enercon46%

Nordex8%Vestas

19%

Suzlon Group15%

Others13%

2013 Market Share in Germany% of 3,301MW in total

Source: BTM Consult - A Part ofNavigant - March 2014

0

4,000

8,000

12,000

16,000

20,000

24,000

28,000

32,000

36,000

40,000

0

450

900

1,350

1,800

2,250

2,700

3,150

3,600

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

M

W

Installed capacity in Germany



Cumulative by end of 2013: 34,468 MW

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France

Key Facts

Average size of WTG in 2013 (kW): 2,209Market Structure: FiT/Tender

New installed global rank 2013: 14thForecast installations for 2014(MW) 500Most popular model in 2013 Senvion MM92


535 500750 750 800 906

-

-

- 250

850894

-

500

1,000

1,500

2,000

2013 2014e 2015e 2016e 2017e 2018e


Onshor e Offshore

+27%

Siemens2%

Enercon19%

Gamesa9%

Nordex12%

Vestas40%

Suzlon Group17%

2013 Market Share in France% of 649MW in total


0

2,000

4,000

6,000

8,000

10,000

0

400

800

1,200

1,600

2,000

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

M

W

Installed capacity in France


Source: BTM Consult -A Part of Navigant Consulting - March 2014


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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Spain

Key Facts

Average size of WTG in 2013 (kW): 2,171Market Structure: None

New installed global rank 2013: 21stForecast installations for 2014 (MW) 5Most popular model in 2013 Gamesa G87-2.0


175

-25 25

50 50

-

5- -

- -

-

50

100

150

200

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

-22%

Alstom Wind3%

Gamesa54%

Acciona43%

2013 Market Share in Spain% of 102MW in total


0

4,800

9,600

14,400

19,200

24,000

0

660

1,320

1,980

2,640

3,300

1995 1998 2001 2004 2007 2010 2013

Cum

ulativeMW

MW

Installed capacity in Spain


Source: BTM Consult -A Part of Navigant Consulting -March 2014


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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



United Kingdom

Key Facts

Average size of WTG in 2013 (kW): 2,333Market Structure: ROC/CfD


Forecast installations for 2014 (MW) 2,000Most popular model in 2013 Siemens SWT-3.6-120


1,8331,100 1,000 1,000 1,000 1,000

-900

5001,000

1,500

2,000

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

+10%

Siemens49%

Enercon8%

Gamesa9%

Nordex8%

Vestas11%

Suzlon Group13%Other

2%

2013 Market Share in UK% of 2,146MW in total


0

1,800

3,600

5,400

7,200

9,000

10,800

12,600

14,400

0

400

800

1,200

1,600

2,000

2,400

1995 1998 2001 2004 2007 2010 2013

Cum

ulativeMW

MW

Installed capacity in the UK




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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Sweden

Key Facts

Average size of WTG in 2013 (kW): 2,426Market Structure: Green Certificate


Forecast installations for 2014 (MW) 1,000Most popular model in 2013 Vestas V112-3.0


7241,000

700 700 614 700

-

-

- -86

-

-

200

400

600

800

1,000

1,200

2013 2014e 2015e 2016e 2017e 2018e


Onsh ore Offshore

-1%

Siemens28%

Enercon11% GE Wind

10%

Nordex10%

Vestas32%

Sinovel4%

Other4%

2013 Market Share in Sweden% of 725MW in total

Source: BTM Consult - A Part ofNavigant - March 2014

0

400

800

1,200

1,6002,000

2,400

2,800

3,200

3,600

4,000

4,400

4,800

5,200

5,600

6,000

0

100

200

300

400

500

600

700

800

900

1,000

1995 1998 2001 2004 2007 2010 2013

C

umulativeMW

MW

Installed capacity in Sweden




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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Italy

Key Facts

Average size of WTG in 2013 (kW): 2,140Market Structure: Capped. FiT


Forecast installations for 2014 (MW) 500Most popular model in 2013 Vestas V100-2.0


450 500 500550 550 550

-

- --

-

-

-

100

200

300

400

500

600

2013 2014e 2015e 2016e 2017e 2018e


Onshor e Offshore

+4%

Siemens3%

Enercon12%

Gamesa5%

Vestas56%

Sinovel11% Suzlon Group

9%Leitwind

3%Other1%

2013 Market Share in Italy% of 355MW in total

Source: BTM Consult -A Part of Navigant -March 2014

0

1,600

3,200

4,800

6,400

8,000

9,600

0

300

600

900

1,200

1,500

1995 1998 2001 2004 2007 2010 2013

C

umulativeMW

MW

Installed capacity in Italy



Cumulative by end of 2013: 8,448 MW

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Phone: +45 97 32 52 99 / Fax:+45 97 32 55 93



Turkey

Key Facts

Average size of WTG in 2013 (kW): 2,327Market Structure: FiT


Forecast installations for 2014(MW) 850Most popular model in 2013 Nordex N100/2500


646850 1,000

1,200 1,3001,500

-

--

- -

-

-200400600800

1,0001,2001,4001,600

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

+18%

Siemens11%

Enercon40%

GE Wind6%

Gamesa5%

Nordex23%

Vestas5%

Sinovel3%

Suzlon Group4%

Other2%

2013 Market Share in Turkey% of 698MW in total

Source: BTM Consult - A Partof Navigant - March 2014

0

400

800

1,200

1,600

2,000

2,400

2,800

3,200

3,600

4,000

4,400

0

100

200

300

400

500

600

700

800

900

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

MW

Installed capacity in Turkey




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For more information about Navigant, go to: www.navigant.com

www.navigantresearch.com

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P.R. China

Key Facts

Average size of WTG in 2013(kW): 1,719

Market Structure: FiTNew installed global rank 2013: 1StForecast installations for 2014 (MW) 18,000Most popular model in 2013 Goldwind GW1500


16,088 17,600 17,500 17,400 18,200 18,000

-400 1,500

1,600 1,800 2,000

-

5,000

10,000

15,000

20,000

25,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

+4%

CSIC Haizhuang5%

Goldwind23%

Vestas3%

Dongfang4%

Sinovel6%

Sewind6%

Windey3%

Mingyang8%

XEMC7%

United Power9%

Envision7%

TEG2%

CCWE3%

Other China8%

Other7%

2013 Market Share in P.R. China% of 16,092MW in total


0

20,000

40,000

60,000

80,000

100,000

120,000

0

5,000

10,000

15,000

20,000

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

MW

Installed capacity in P.R. China




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India

Key Facts

Average size of WTG in 2013 (kW): 1,336Market Structure: GBI,REC,FiT

New installed global rank 2013: 3rdForecast installations for 2014 (MW) 2,500Most popular model in 2013 Wind World India E53-800


1,9872,500

3,000 3,200 3,4003,600-

--

- --

-

500

1,000

1,500

2,0002,500

3,000

3,5004,000

2013 2014e 2015e 2016e 2017e 2018e


Onshore Offshore

+13%

GE Wind12%

Gamesa19%

Vestas4%

Suzlon Group17%

Wind World India18%

Leitwind3%

Regen Power Tech13%

Other India12%

Other3%

2013 Market Share in India% of 1,977MW in total

Source: BTM Consult - A Partof Navigant -March 2014

0

5,000

10,000

15,000

20,000

25,000

0

1,000

2,000

3,000

4,000

1995 1998 2001 2004 2007 2010 2013

CumulativeMW

MW

Installed capacity in India

I ns ta lled MW Forecas t Cumula tive Cumul . forecas t



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Japan

Key Facts

Average size of WTG in 2013 (kW): 2010Market Structure: FiT


Forecast installations for 2014 (MW) 100Most popular model in 2013 Hitachi

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