Wind Energy Foundation Promotes Renewable Energy Resources

9 April 2020: The wind energy foundation market has seen a substantial growth due to rising concerns regarding the need to increase the usage of clean energy resources boosting the growth of the market. Foundations are concrete blocks known as footings that are placed under wind turbines that supports the structure. In an onshore wind energy foundation project, the foundation is constructed under challenging conditions. These wind energy installations have witnessed a rise in the number of installations due to its several advantages. Wind energy is a clean fuel source and offers many advantages, which explains why it’s the fastest growing energy source in the world. Wind turbines do not produce atmospheric emissions, do not cause greenhouse gasses, or result in acid rain. Winds are caused by the heating of the atmosphere due to the sun and the energy produced can be harnessed forever to generate power.

Increasing population, depleting fossil fuel, and rapid industrialization have prompted governments, international entities, and manufacturers to invest in renewable energy resources. The demand for wind energy foundation is expected to increase as a result of growing world economy. This is due to surge in global economic activity and higher living standards. New emphasis on low carbon fuels along with stringent environment laws provide a major boost for the wind energy foundation industry.

Due to a surge in wind energy foundation installation capacity over growing environmental concerns, renewed efforts are aimed at reducing the harmful effects of the greenhouse gases. This has been a major factor as governments all around the world are actively supporting and funding initiatives to save and improve the energy resulting in propelling growth of the wind energy foundation industry over the forecast period. 

Growth of Off-Shore Segment Boosts Power Grid Installations

Onshore accounted for the largest market segment in terms of revenue in 2015 whereas offshore segment is expected to be the fastest growing segment over the forecast period. This is due to increasing offshore investments coupled with technological innovations. This has helped in building offshore facilities as leading companies are keen on investing in order to expand capability in building offshore installations. Offshore segment accounts for marginal amount of the global electricity generation. However, various factors such as policy support, maturing supply chain, and technology advancements are turning offshore activities an increasingly viable option for renewables-based electricity generation. 

The offshore category is segmented into mono-pile, suction, jacket–pile, gravity, and tripod. Offshore wind energy foundation or wind power is utilization of wind farms that are usually constructed off the shore or on the coastal line to generate electricity by harvesting wind energy. Jacket-pile is expected to be the fastest growing segment and it is used in deep water due to its light weight characteristics and easy to install properties. It has been used in seabed structures and several initiatives and projects in Europe and is opening new opportunities for mono-pile wind energy foundation in Europe. Mono-piles structures are difficult to transport as these are quite heavy. This is a challenge and may act as a major restraint for mono-pile market.

Market Insights

The market has very few companies and is a niche market having various range of services that cater to the wind energy foundation industry. Companies such as Fugro Renewable Services and Offshore Wind Power Systems of Texas LLC are providing geotechnical services and are engaged in offshore wind farms. Their activities include assessment and environment impact management, subsea cabling, sea bed geotechnical service, design, and foundation assessment. 

The industry players are spread across the value chain. There are a few players who provide end to end solutions and others who work in building foundations while few offer site survey to operate the wind farm.

Key players of the wind energy foundation market include SWAY AS, Blue Owec Tower AS, MT Højgaard., Suzlon Group., H Engineering BV, Ramboll Group, Offshore Wind Power Systems of Texas LLC, and Bladt Industries A/S.

Solar Panel Recycling is Possible with Advanced Techniques

Solar panel recycling comprises reuse of various heavy materials obtained from previously installed Photo Voltaic (PV) solar panels. These materials include silicon, glass, and variety of metals. Several processes such as thermal, laser, and mechanical are used in waste solar panel treatment. Monocrystalline, thine film, and polycrystalline are the major types of solar panels.

High Efficient and Cost-effective Panels

In 2016, monocrystalline solar panel segment accounted for 51.4% of the total market share. These panels are widely utilized due to their extended shelf life and greater heat tolerance and efficiency. The product is extremely preferred by the consumers due to its high efficiency therefore accounted largest share.

In 2016, thin film segment was estimated at USD 7.6 million and is expected to show substantial growth over the forecast period (from 2018 to 2025) due to its diverse characteristics. These panels are lightweight and have several properties such as higher flexibility and temperature resistance. Cost-effectiveness of these solar panels makes mass production possible, which is also likely to drive the segment in the coming years.

Market Overview

According to Grand View Research, Inc., the solar panel recycling market is likely to achieve USD 384.4 million by 2025. Growing demand for renewable energy sources owing to its minimum environmental effect can propel the market. 

Rising number of installations of PV panels around the world is also likely to drive the market. Some of the leading companies in the market are Canadian Solar Inc.; Yingli Energy Co. Ltd; Silcontel; and First Solar.

French water and waste group Veolia has opened Europe's first recycling plant in Rousset, southern France, for solar panels and aims to build more in the years to come. The new plant has a contract with solar industry recycling organization, PV Cycle France, for recycling 1,300 tons of solar panels in 2018.

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https://www.grandviewresearch.com/industry-analysis/solar-panel-recycling-market

Turning Heaps of Plastic into Resource with Waste to Diesel Method

Conventional waste management methods involve high cost. This along with soaring concerns regarding effectively disposing the mounting waste is impelling municipal bodies and governments worldwide to develop and encourage usage of cost-effective ways of waste management. In this scenario, waste to diesel is making its mark as an effective and inexpensive method of managing waste. The method has so far proved to be a great boon for urban areas as both waste management and fuel requirement are higher in these regions.

Municipal Waste to Remain at Forefront through 2025

Waste to oil is used as a method of producing diesel from municipal waste, plastic waste, and oil and fat waste. Municipal waste usually consists of unwanted wastes collected from industries, retailers, household, and agriculture through suppliers, garbage collectors, and transfer stations. In terms of source, this type of waste will continue to account for the largest share through 2025. Rising number of processing plants for municipal solid waste (MSW) is expected to contribute to the growth of the segment. Implementation of regulation for cost-effective recovery of waste materials and reduction of municipal waste is propelling the growth of the segment.

Companies providing technologies for waste to diesel are anticipated to capitalize on burgeoning heaps of plastics as well. For instance, Renewlogy, an Australia-based company that aims for a clean environment, by converting plastic waste into fuel such as off-road diesel. The company believes that with its technology it will be able to convert every 10 tons of plastic into about 2500 gallons of fuel. The growth of the plastic waste segment can be attributed to the increase in liquefaction facilities for the conversion of plastics into diesel.

Market Insights

A report by Grand View Research, Inc. indicates that the global waste to diesel market is estimated to reach a valuation of USD 942.78 million by 2025. Surging demand for fuel from various industries including transportation, construction, automotive, and aviation can help the market gain significant traction over the forecast period (from 2018 to 2025). Increasing utilization of diesel produced from waste in ships, diesel power generators, diesel boilers, construction machinery, and tractors and trucks will also boost the demand in the coming years.

Europe led the global market in 2016. Companies in the region are involved in extensive R&D to introduce innovative technologies, which is driving the market. Some of the key companies in the market are Foster Wheeler A.G.; Covanta Energy Corp.; Green Alliance; Plastic2Oil Inc.; and Klean Industries Inc.

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https://www.grandviewresearch.com/industry-analysis/waste-to-diesel-market

Wind Turbine Operations and Maintenance to Become Safer with Introduction of Robotics

Components such as control systems, gears, electric systems, blades, rotors, generators, hydraulics, and sensors are integral parts of wind turbines and are susceptible to failure. Unexpected breakdown of turbine parts adversely affects productivity. Effective maintenance at regular periods of time helps curb failure rate and thus, enhance operational efficiency by reducing downtime.

What comprises ‘wind turbine operations and maintenance’?

Wind turbine operations and maintenance services include operation, troubleshoot, maintenance, and repair of wind turbines installed at wind farms. These services also consist of unscheduled maintenance, scheduled maintenance, remote monitoring, and asset administration. Generally, wind turbine manufacturers (mostly OEMs), independent service providers (ISPs), and in-house teams are involved in providing operations and maintenance services.

3M Partners with Santa Cruz to Use Drones for Wind Turbine Maintenance

Operations and maintenance of wind turbines involve high cost and risk. To address these issues, importance is being given to development of technologies that make wind turbine operations and maintenance safer and less costly. For instance, in August 2017, 3M teamed up with Santa Cruz to introduce small industrial robots mounted on drones that conduct routine inspections and maintenance of wind turbines. For the working, pilots with FAA-certificates will ensure safe flight perimeter and properly position the blades. After this, several specialized robots will conduct operations and maintenance with products by 3M.

Market Insights

Market growth can be largely attributed to widening capacity installations of wind energy. Increasing efforts to reduce dependence on fossil fuels are boosting adoption of renewable and clean energy sources such as wind energy. Conducive government policies and attractive incentives are encouraging development of wind farms across the globe, which in turn is likely to work in favor of the market. 

According to Grand View Research Inc., technological innovations and growing focus on establishing cost-effective operations and maintenance are estimated to propel the market over the coming years. On the flip side, sluggish growth in electric consumption worldwide can inhibit the growth of the market. 

Some of the key players in the market are GE Wind Turbine, Suzlon Group, Siemens Wind Power GmbH, Enercon GmbH, and Gamesa Corporation.

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http://www.grandviewresearch.com/industry-analysis/wind-turbine-operations-maintenance-market/request

Floating Solar Panels – A Novel Way of Capturing Solar Energy

Solar energy is one of the foremost forms of renewable energy. It was seen as a viable option to reduce energy costs. Energy costs have been increasing constantly by 22% in the last five years. Unavailability of land is another factor which makes installation of solar plants tough. Luckily, a solution has arrived which does not rely on land.

Floating Solar Panels:

Floating solar panel is a novel technology which employs the use of photovoltaic (PV) panels on water. It is an array of PV panels which stay afloat with the help of water. It has been termed as “Floatovoltaic” by Solar SPG, one of the major installers of solar panels.

These panels come in two forms, namely – stationery and tracking. Stationery panels remain in one spot, while tracking continuously tracks the sun’s position. Some PV panels stop storing energy due to excessive heat. Due to the placement of these panels in the water, they cool rapidly and are able to store energy continuously. They block the sunlight in the water, preventing any algal growth on the panels.

Trends:

Countries around the world are in a rush to reduce their carbon output. Countries in Europe and China are attempting to reduce their reliance on fossil fuels by nearly 20%. Floating solar panels can aid them in this venture. 

The United Kingdom government aided the help of Lightsource Renewable Energy, Ennoviga Solar, and London’s water utility and treatment agency, Thames Water. It employed the use of nearly 23,000 solar panels to create a solar island. It has the capacity to provide power to nearly 1,800 houses. It has an expected capacity utilization factor of 5.8 million kilowatt hours (kWh).

Market Outlook:

The floating solar panels market is anticipated to reach a size of USD 2.7 billion by 2025, according to Grand View Research, Inc. Near-depletion of fossil fuel reserves and novel ways to generate reliable solar power is driving market growth. Additionally, high adoption of this technology by governments of Brazil, China, and Japan can invoke market demand in the years ahead.

Stationery floating solar panel was the largest market product in 2015. It accounted for over 90% market revenue in the same year. It can continue its dominance from 2014 to 2025 on account of being a low-cost technology with lower maintenance. Japan accounted for generating maximum market revenue in 2015. Some key players operating in the market are Trina Solar, Ciel & Terre, and Kyocera Corporation.

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http://www.grandviewresearch.com/industry-analysis/floating-solar-panels-market/request