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 [ Sep 30, 2011 ]
Small Wind Power Market to Double in Size

 [ Nov 23, 2010 ]
Tecnico won the SEANZ best wind turbine installation 2010

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Small Wind Power Market to Double in Size

September 30, 2011

Kingspan Renewable have purchased part of Proven Energy from the Receivers. "...The global market for small wind systems will more than double between 2010 and 2015, rising from $255 million to $634 million during that period. Within the same forecast horizon, small wind system installed capacity additions will nearly triple to 152 megawatts", - says Pike Research News.

Kingspan are committed to the development of 3kW and 6kW turbines with the possible intention of bringing out a higher rated model in 2013. The financial position of the Kingspan Group marks them out compared with other suppliers. The Kingspan Group is a publicly listed company and, as such, openly publishes their financials on their website, see here. In the 6 months ending 30th June 2011, total revenue was £720M and net profit was £29.2M. When looking to buy a small wind turbine it would be re-assuring to be able to pick from a number of different suppliers with competing products all of whom were substantial (and profitable) companies that were going to be around for many years to come. So the arrival of bigger players should offer the prospective customer a lower risk investment in the same way that solar PV customers have the option to buy their kit from household names like Sanyo, BP, Mitsubishi, Sharp etc.