New Zealand Wind Energy Market Analysis and Forecasts to 2013 - Market Research Reports

Contents:

1 2
1.1 List of Tables 10
1.2 List of Figures 12
2 New Zealand Wind Power Industry 13
2.1 New Zealand Power Market 13
2.1.1 New Zealand Power Market, Overview 13
2.1.2 New Zealand Power Market, Installed Capacity by Fuel Type, 2008 13
2.2 New Zealand Renewable Power Market 14
2.2.1 New Zealand Renewable Power Market, Overview 14
2.2.2 New Zealand, Renewable Power Market, Installed Capacity by Fuel Type, 2008 15
2.2.3 New Zealand, Renewable Power Market, Growth by Fuel Type, 2001-08 16
2.3 New Zealand Wind Power Market, Size and Growth, 2001-13 17
2.3.1 New Zealand, Cumulative Installed Capacity, 2001-13 17
2.3.2 New Zealand Wind Power Generation, 2001-13 18
2.4 New Zealand, Wind Farm ownership Structure, 2008 19
2.5 New Zealand Wind Power Market, Installed Capacity by Regions, 2008 20
3 New Zealand Wind Turbine Market 22
3.1 New Zealand Wind Turbine Market, Annual Value Forecast, 2003-13 22
3.2 New Zealand Wind Turbine Market, Manufacturers Share, 2008 23
3.3 New Zealand Wind Turbine Market, Average Wind Turbine Size, 2001-08 24
3.4 New Zealand Wind Turbine Market, Classification of Installed Turbines, 2008 24
4 New Zealand Wind Energy Projects 26
4.1 Active Wind Farms Summary 26
4.2 Under Construction Wind Farms Summary 26
4.3 Planned Wind Farms Summary 27
5 New Zealand Wind Energy Regulatory Framework 29
5.1 New Zealand Renewable Energy Regulatory Framework, Overview 29
5.1.1 The Energy Efficiency and Conservation Act 2000 29
5.1.2 New Zealand Energy Strategy to 2050 29
5.1.3 Biofuels Sales Obligation 30
5.1.4 Promotion of Uptake of Renewable Electricity 30
5.1.5 Renewable Regulation Issues 31
5.2 New Zealand Wind Power Regulatory Framework 32
5.2.1 New Zealand Wind Power Regulatory Framework, Overview 32
5.2.2 Government Policy Statement on Electricity Governance (GPS) 32
5.2.3 Electricity Act 1992 32
5.2.4 Resource Management Act 1991 (RMA) 33
5.2.5 Projects to Reduce Emissions (PRE) 33
5.2.6 Distributed Generation Regulations 34
6 Enercon GmbH, Company Overview 35
6.1 Key Information 35
6.2 Company Overview 35
6.3 Business Description 35
6.3.1 Business Overview 35
6.4 Major Products and Services 36
6.4.1 Overview 36
6.5 History 37
6.6 SWOT Analysis 38
6.6.1 Overview 38
6.6.2 Enercon GmbH Strengths 39
6.6.3 Enercon GmbH Weaknesses 40
6.6.4 Enercon GmbH Opportunities 41
6.6.5 Enercon GmbH Threats 42
6.7 Competitors 43
6.8 Key Employees 43
6.9 Locations and Subsidiaries 43
6.9.1 Head Office 43
6.9.2 Other Locations & Subsidiaries 44
7 Vestas Wind Systems A/S, Company Overview 46
7.1 Key Information 46
7.2 Company Overview 46
7.3 Financial Performance 46
7.4 Business Description 46
7.4.1 Business Overview 46
7.4.2 Production and Sales of Wind Turbines 47
7.5 History 49
7.6 Business Strategy 53
7.6.1 Mission Statement 53
7.6.2 Strategy 54
7.6.3 Key Strategies 54
7.6.4 Corporate Social Responsibility 54
7.7 SWOT Analysis 55
7.7.1 Overview 55
7.7.2 Vestas Wind Systems A/S Strengths 56
7.7.3 Vestas Wind Systems A/S Weaknesses 58
7.7.4 Vestas Wind Systems A/S Opportunities 59
7.7.5 Vestas Wind Systems A/S Threats 61
7.8 Competitors 62
7.9 Revenue Analysis 62
7.9.1 Revenue by Segment 62
7.9.2 Revenue by Geography 62
7.10 Share Holding Structure 63
7.11 Key Employees 64
7.12 Key Employee Biographies 64
7.13 Company Statement 66
7.14 Locations and Subsidiaries 68
7.14.1 Head Office 68
7.14.2 Other Locations & Subsidiaries 69
8 Windflow Technology Limited, Company Overview 70
8.1 Key Information 70
8.2 Company Overview 70
8.3 Financial Performance 70
8.4 Business Description 70
8.4.1 Business Overview 70
8.5 Major Products and Services 71
8.5.1 Overview 71
8.6 History 72
8.7 SWOT Analysis 73
8.7.1 Overview 73
8.7.2 Windflow Technology Limited Strengths 74
8.7.3 Windflow Technology Limited Weaknesses 75
8.7.4 Windflow Technology Limited Opportunities 76
8.7.5 Windflow Technology Limited Threats 77
8.8 Competitors 78
8.9 Key Employees 78
8.10 Key Employee Biographies 78
8.11 Company Statement 79
8.12 Locations and Subsidiaries 83
8.12.1 Head Office 83
9 Meridian Energy Limited, Company Overview 84
9.1 Key Information 84
9.2 Company Overview 84
9.3 Financial Performance 84
9.4 Business Description 84
9.4.1 Business Overview 84
9.5 Major Products and Services 86
9.5.1 Overview 86
9.6 SWOT Analysis 86
9.6.1 Overview 86
9.6.2 Meridian Energy Limited Strengths 87
9.6.3 Meridian Energy Limited Weaknesses 88
9.6.4 Meridian Energy Limited Opportunities 89
9.6.5 Meridian Energy Limited Threats 90
9.7 Competitors 91
9.8 Key Employees 91
9.9 Key Employee Biographies 91
9.10 Company Statement 92
9.11 Locations and Subsidiaries 97
9.11.1 Head Office 97
10 TrustPower Limited, Company Overview 98
10.1 Key Information 98
10.2 Company Overview 98
10.3 Financial Performance 98
10.4 Major Products and Services 98
10.4.1 Overview 98
10.5 History 99
10.6 SWOT Analysis 99
10.6.1 Overview 99
10.7 TrustPower Limited Strengths 100
10.7.1 Improving Financial Performance 100
10.7.2 Strong Clean Power Generation Assets Base 100
10.8 TrustPower Limited Weaknesses 101
10.8.1 Reliance on New Zealand Market 101
10.9 TrustPower Limited Opportunities 102
10.9.1 Business Expansion of Telecommunication Sector 102
10.9.2 Growing Environmental Concerns 102
10.9.3 Rise in the New Zealand Electricity Demand 102
10.10 TrustPower Limited Threats 103
10.10.1 Highly Competitive Environment 103
10.10.2 Change in Weather Conditions 103
10.10.3 Need for Substantial Grid Infrastructure Investments 103
10.11 Competitors 104
10.12 Key Employees 104
10.13 Key Employee Biographies 104
10.14 Company Statement 105
10.15 Locations and Subsidiaries 109
10.15.1 Head Office 109
11 NZ Windfarms Limited, Company Overview 110
11.1 Key Information 110
11.2 Company Overview 110
11.3 Financial Performance 110
11.4 Business Description 110
11.4.1 Business Overview 110
11.5 Major Products and Services 111
11.5.1 Overview 111
11.6 History 112
11.7 SWOT Analysis 113
11.7.1 Overview 113
11.7.2 NZ Windfarms Limited Strengths 114
11.7.3 NZ Windfarms Limited Weaknesses 115
11.7.4 NZ Windfarms Limited Opportunities 116
11.7.5 NZ Windfarms Limited Threats 118
11.8 Key Employees 119
11.9 Key Employee Biographies 119
11.10 Company Statement 120
11.11 Locations and Subsidiaries 122
11.11.1 Head Office 122
12 Genesis Energy, Company Overview 123
12.1 Key Information 123
12.2 Company Overview 123
12.3 Financial Performance 123
12.4 Business Description 123
12.4.1 Business Overview 123
12.5 Major Products and Services 125
12.5.1 Overview 125
12.6 History 126
12.7 SWOT Analysis 128
12.7.1 Overview 128
12.7.2 Genesis Energy Strengths 129
12.7.3 Genesis Energy Weaknesses 130
12.7.4 Genesis Energy Opportunities 131
12.7.5 Genesis Energy Threats 132
12.8 Competitors 133
12.9 Key Employees 133
12.10 Key Employee Biographies 133
12.11 Company Statement 134
12.12 Locations and Subsidiaries 136
12.12.1 Head Office 136
12.12.2 Other Locations & Subsidiaries 136
13 Financial Deals Landscape 137
13.1 Detailed Deal Summary 137
13.1.1 Debt Offerings 137
13.1.2 Asset Transactions 138
14 Recent Developments 139
14.1 New Projects 139
14.1.1 Apr 17, 2008: New Zealand Plans to Build Wind Farm in Antarctica 139
14.2 Operations Updates 139
14.2.1 Dec 23, 2008: Meridian Receives Equipment for Its West Wind Farm Project 139
14.2.2 Dec 08, 2008: RES NZ Revises Its Puketiro Wind Farm Project 140
14.2.3 Apr 29, 2008: NZ Windfarms Updates on Te Rere Hau Wind Farm 140
14.3 Financial Announcements 141
14.3.1 Oct 02, 2008: Meridian Reports Fiscal 2008 Results 141
14.3.2 Aug 27, 2008: Vector Reports Fiscal 2008 Results 142
14.3.3 May 16, 2008: TrustPower Declares Fiscal 2008 Results 144
14.3.4 May 16, 2008: TrustPower Declares Final Dividend 146
14.3.5 Mar 25, 2008: Meridian Reports H1 Fiscal 2008 Results 147
14.3.6 Feb 27, 2008: NZ Windfarms Reports H1 Fiscal 2008 Results 148
14.3.7 Feb 14, 2008: Vector Reports 1H Fiscal 2008 Results 151
14.3.8 Feb 14, 2008: Vector Declares Interim Dividend 152
14.4 Strategy and Business Planning 152
14.4.1 Dec 22, 2008: TrustPower Receives Consents from Environment Court for 200 MW Mahinerangi Wind Farm 152
14.4.2 Nov 26, 2008: WEL Receives Approval from Environment Court for Te Uku Wind Park 153
14.4.3 Nov 25, 2008: NWF Files for Approval to Build Wind Farm in Clutha 153
14.4.4 Jul 21, 2008: Contact Energy Investigates Waitahora Wind Farm Project 154
14.4.5 Jun 25, 2008: Contact Energy Withdraws Its Environment Court Appeal of Meridian’s Project Hayes Wind Farm 154
14.4.6 May 30, 2008: Wel Networks Granted Consent for Setting up Wind Farm in New Zealand 155
14.4.7 Mar 18, 2008: Mighty River to Monitor Wind Potential of Puketoi Range 156
14.4.8 Jan 30, 2008: Meridian to Develop Wind Farm in Ohariu Valley in Wellington 156
14.4.9 Jan 28, 2008: Windpower Maungatua Plans to Build Wind Farm near Dunedin in New Zealand 157
14.5 Government and Public Interest 157
14.5.1 Apr 17, 2008: New Zealand Plans to Build Wind Farm in Antarctica 157
14.6 Other Significant Developments 158
14.6.1 Sep 29, 2008: Greater Wellington Regional Council to Cancel Permission for Three Turbines in Puketiro Wind Farm 158
14.6.2 Sep 05, 2008: Vector Announces Executive Changes 159
14.6.3 Sep 05, 2008: Vector Appoints Group General Manager, Commercial 159
14.6.4 Sep 02, 2008: Mights River Updates on Turitea Wind Farm Development Project 160
14.6.5 Sep 01, 2008: Contact Energy Files Consent Application for Waitahora Wind Farm in New Zealand 160
14.6.6 May 13, 2008: Vector Appoints CFO and General Manager 161
14.6.7 Apr 22, 2008: Vector Appoints New Group General Manager 161
14.6.8 Apr 09, 2008: Meridian Names New CEO 162
14.6.9 Feb 13, 2008: Vector Appoints New CEO 162
14.6.10 Jan 29, 2008: Vector Announces Management Changes 163
15 Appendix 164
15.1 Methodology 164
15.2 About Us 164
15.3 Contact Us 164
15.4 Disclaimer 164

Executive Summary

1.1 List of Tables
Table 1: New Zealand, Cumulative Installed Power Generation Capacity, By Fuel Type, %, 2008 14
Table 2: New Zealand, Renewables Cumulative Installed Capacity (Including Hydro), MW, 2001-08 15
Table 3: New Zealand, Cumulative Installed Renewable Power Generation Capacity, By Fuel Type, %, 2008 16
Table 4: New Zealand, Installed Capacity of Renewable Energy Sources, MW, 2001-08 16
Table 5: New Zealand, Cumulative Installed Wind Power Capacity, MW, 2001-13 18
Table 6: New Zealand, Wind Power Generation, GWh, 2001-13 19
Table 7: New Zealand, Wind Farms Owners, % Share, 2008 20
Table 8: New Zealand, Cumulative Installed Wind Power Capacity, By regions, %, 2008 21
Table 9: New Zealand Wind Turbine Market, Annual Value Forecast, Million USD, 2003-13 22
Table 10: New Zealand, Turbines Manufacturers Share in the Cumulative Wind Power Installations, %, 2008 23
Table 11: New Zealand, Average Wind Turbine Size, MW, 2001-08 24
Table 12: New Zealand, Classification of Total Wind Turbines Installed, 2008 25
Table 13: New Zealand, Active Wind Farms Summary 26
Table 14: New Zealand, Under Construction Wind Farms Summary 26
Table 15: New Zealand, Planned Wind Farms Summary 27
Table 16: New Zealand, Planned Wind Farms Summary 28
Table 17: New Zealand, Summary of actions for Promoting renewable electricity 31
Table 18: Enercon GmbH, Key Facts 35
Table 19: Enercon GmbH, SWOT Analysis 38
Table 20: Enercon GmbH, Key Employees, 43
Table 21: Enercon GmbH, Subsidiaries 44
Table 22: Vestas Wind Systems A/S, Key Facts, 2007 46
Table 23: Vestas Wind Systems A/S, SWOT Analysis , 2007 55
Table 24: Vestas Wind Systems A/S, Revenue by Segment, Euro Million, 2003-07 62
Table 25: Vestas Wind Systems A/S, Revenue by Geography, Euro Million, 2003-07 63
Table 26: Vestas Wind Systems A/S, Share Holding Structure 63
Table 27: Vestas Wind Systems A/S, Key Employees, 2007 64
Table 28: Vestas Wind Systems A/S, Subsidiaries 69
Table 29: Vestas Wind Systems A/S, Subsidiaries (cont) 69
Table 30: Windflow Technology Limited, Key Facts 70
Table 31: Windflow Technology Limited, SWOT Analysis 73
Table 32: Windflow Technology Limited, Key Employees, 78
Table 33: Meridian Energy Limited, Key Facts 84
Table 34: Meridian Energy Limited, SWOT Analysis 86
Table 35: Meridian Energy Limited, Key Employees, 91
Table 36: TrustPower Limited, Key Facts 98
Table 37: TrustPower Limited, SWOT Analysis 99
Table 38: TrustPower Limited, Key Employees, 104
Table 39: NZ Windfarms Limited, Key Facts 110
Table 40: NZ Windfarms Limited, SWOT Analysis 113
Table 41: NZ Windfarms Limited, Key Employees, 119
Table 42: Genesis Energy, Key Facts 123
Table 43: Genesis Energy, SWOT Analysis 128
Table 44: Genesis Energy, Key Employees, 133
Table 45: Genesis Energy, Other Locations 136
Table 46: Contact Energy Plans for Debt Offering of $175 Million 137
Table 47: NZ Windfarms to Buy Out Joint Venture Partner in the Te Rere Hau Wind Farm for $20.1 Million 138