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Siemens says it is on course to become one of the top three wind turbine suppliers by 2012, with much of its growth coming from the offshore market and the Asia-Pacific region.
"The global wind power market will grow from about 30 billion euros ($44.43 billion) annually today to more than 200 billion euros by 2030. We anticipate especially robust growth in the Asia-Pacific region," Siemens Wind Power CEO Andreas Nauen told reporters Wednesday.
"The market growth in North America and Europe, however, will also be significant," he added.
Siemens has said its goal of generating 25 billion euros of sales from its "green" technologies in 2011 is a conservative estimate, with growth drivers from government stimulus programs worldwide.
New orders at its renewables division rose 146 percent to 786 million euros in the fourth quarter to September 2009, while revenue rose 5 percent to 661 million euros, benefiting from an order backlog in Europe, the Middle East and the Americas.
Siemens is the offshore market leader in terms of installed capacity--currently 10,000 megawatts--and the sixth-biggest supplier to the wind market behind Denmark's Vestas, General Electric, Spain's Gamesa, Germany's Enercon and India's Suzlon.
Siemens said that its strategy is to strengthen its position in the offshore sector, while expanding its network of production facilities and introducing new products like gearless and floating wind turbines. The company currently has an order backlog of €6 bn and has 8,000 wind turbines in operation, with a capacity of over 9.6 GW.
In the US, Siemens is currently building a new nacelle production plant in Hutchinson, Kansas. In 2010 it will start producing rotor blades and naceless from a new factory outside Shanghai in China, and the company also plans to begin production in India.
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