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Renewable Energy and Related Services: Recent Developments

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Renewable Energy and Related Services: Recent Developments ( renewable-energy-and-related-services-recent-developments )

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TABLE 5.8 Top international contractors and design firms for hydropower plants Design firms Home Revenue Construction firms Company Sinohydro China Gezhouba Group Co. Construtora Norberto Odebrecht Kiewit Corporation Dongfang Electric China National Machinery Industry C.M.C. Di Ravenna Astaldi OAS China International Water & Electric Home Revenue country (million $) China 1,687.0 Rank Company 1 Hydrochina 2 Aecom T echnology 3 Lahmeyer International 4 Poyry 5 AF 6 Sinohydro Group 7 T etra T ech 8 Amec 9 MWH Global 10 Fichtner country (million $) Rank China 159.2 1 United States Germany Finland Sweden China United States United Kingdom United States Germany 84.0 2 69.3 3 54.0 4 35.3 5 34.1 6 30.0 7 28.9 8 27.0 9 21.0 10 China Brazil United States China China Italy Italy Brazil China 806.7 668.0 413.0 345.7 309.6 199.9 148.7 140.4 117.4 Source: ENR Sourcebook, December 10, 2012. increased sales in 2011, likely generating increased services and foreign trade revenues as well. For example, Dongfang Electric reported the production of 11 hydroelectric turbine generator sets totaling 2.5 GW in the first six months of 2011; Voith reported a sales increase of 6 percent and a dramatic increase in forward orders, up 81 percent over 2010. Other manufacturers, including Andritz, Alstom, IMPSA (Argentina), and Toshiba, also reported increased sales and/or backlogs in filling orders. Consistent with this demand, several large manufacturers have invested in new plants or in acquisitions of smaller firms. Alstom, for instance, opened a new equipment factory in India, expanded its turbine factory in Tianjin, China, and agreed with RusHydro on a joint manufacturing facility in Russia. Voith, which spent $106 million on research and development in 2011, has a new turbine component manufacturing facility in Brazil and a new workshop in Austria. Andritz continued to expand its Chengdu (China) facility for large hydropower components, and IMPSA is expected to open a new production facility in Brazil in 2012.53 Investment In the United States, BNEF estimates financing of hydropower assets at $1.9 billion between 2008 and 2011. This figure was primarily attributable to American Municipal Power, which began construction on several plants totaling 300 MW of new capacity on the Ohio River in 2009–11, with total estimated costs of $1.7 billion for these new installations.54 In the fourth quarter of 2012 alone, there were 13 greenfield small hydropower deals in the United States, collectively valued at $1.4 billion.55 Global investment in small hydropower totaled $6 billion in 2011, a 59 percent increase over the previous year.56 Globally, small hydropower was the only renewable energy sector to 53 REN21, Renewables 2012, 2012, 45. 54 BNEF, Sustainable Energy in America 2013 Factbook, January 2013, 39. 55 BNEF, “Global Trends In Clean Energy Investment,” January 14, 2013, 25–26 56 BNEF, “Global Trends in Renewable Energy Investment 2012, Chart Pack,” n.d., 5. 5-18

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