Industry News

America’s First Offshore Wind Power Plant Commenced Operation

United States:  America’s first offshore wind power plant started operation and sending electricity to New England’s grid from 12 December, 2016. The Block Island Wind Farm is located off the cost of Rhode Island with a capacity of 30 MW having five turbines. A submarine transmission cable system is linking the energy produced by the wind farm to the grid. While this is the first offshore wind plant in America, these types of plants have substantial presence in Europe. Moreover, according to WindEurope, in the first six months of 2016, Europe witnessed 114 commercial offshore wind turbines which are fully grid connected.

TechSci Research depicts that in case of power generation and transmission utilities such as wind plant, transformers are used for changing voltage from one level to other, Power transformers are used to step up and step down the voltage whereas in distribution utilities transformers are used to step down the voltage to the desired voltage ratings of the customer. The market for power transformers had the largest market share by value in 2014 and is forecasted to have around 60% of the total market share in power and distribution transformers market in 2020.

According to released report of TechSci Research Global Power and Distribution Transformers Market Forecast and Opportunities, 2020”, The power transformers market have the highest CAGR of 6.2%, during 2015-20, followed by distribution transformers which is forecasted to grow with a CAGR of 5.1% during 2015-20. The market growth rate of transformers in the ratings of above 500 MVA will be leading in power transformers market whereas transformers with the ratings of 1,000.1-5,000 kVA in distribution transformers will be the highest.

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