In recent years, there has been much discussion of alternative or clean energy moving into the mainstream. The Deloitte Centre for Energy Solutions states that “while it hasn’t yet shed the “alternative” label, clean energy’s shift to the mainstream is largely complete and likely irreversible”. It continues, that “despite continuing uncertainty over policy incentives and competition from historically low natural gas prices, clean energy’s momentum continues to accelerate. In the case of wind and solar power, growth is regularly outpacing projections”. An infrastructure of parts manufacture, and of asset sales has formed and is increasing in influence. In addition to commercial advantages, this infrastructure is also a knowledge network, keeping pace with the rapid changes in the industry, and is, therefore, invaluable for installers and project developers worldwide.
In 2015, renewable energy continued its rapid growth, providing multiple benefits and outcomes. The International Energy Agency (IEA) stated that “renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies”. It supported this assessment with some stunning numbers. There was a new record set for installed wind and photovoltaic capacity (64,000MW and 57,000MW) and a new high of US$329 billion for global renewables investment.
A key benefit this investment growth brings is a growth in jobs. Additionally, as an industrial sector surges, it creates multiple opportunities. A strong indicator of sector strength is how other sectors develop specialist areas reacting to these opportunities. Commercially, established sectors including Legal, Financial, Academia, Transport, Government and Civil Engineering now have very strong renewable energy departments. In Retail too, many products are keen today, to emphasise their clean energy or low carbon credentials.
The Auction and Asset Advisory sector is no different. With market conditions combining rapid transformation of existing industrial infrastructures and huge substantial growth of new ones, such as Wind and Solar, as well as technology developments, there is now an abundance of parts and assets. The clean energy sector, in particular, is proving to be well adept at recycling them to good re-use.
The auctioning industry has also embraced the development of online auctions which provide benefits for both the buyers and the sellers. For sellers; speed, reach, marketing and competitive bidding. For the buyer; the range, prices and the ability to bid from remote locations are significant factors saving both time and money.
Recently wind industry giant Vestas Wind Systems A/S, one of the world’s leading manufacturers, instructed SIA Group to manage the sales and disposal of excess wind turbine parts and accessories. Large quantities of spare parts and components are available due to the rationalisation of the warehouse inventory. The sale will take place through an online auction, with key locations also in Denmark, Germany, USA and Canada. More information can be found here. Buyers, including installation companies, project developers, government departments, O&M managers, and surveyors are invited to register here.
The schedule of the sale as follows. Sale Closes:
Denmark – Lots 100 to 1111 from 12pm GMT Tuesday 1st November 2016
Canada – Lot 1999 from 6pm GMT (2pm EDT) Tuesday 1st November 2016
Denver – Lots 2000 to 2231 from 6pm GMT (12pm MDT) Tuesday 1st November 2016
Germany – Lots 3000 to 3133 from 12pm GMT Wednesday 2nd November 2016.
Enquires related to the auction can be emailed to london@sia-group.co.uk. SIA Group is a specialist asset valuation, asset advisory and asset disposal business providing a diverse range of asset solutions to asset based lenders, banks, restructuring and turnaround professionals, private equity firms, corporate and public bodies across the UK, Europe, and North America. It provides independent and intelligent advice for all types of industrial and commercial assets including accounts receivables, inventory, machinery & equipment, aviation & marine and intellectual property in a broad spectrum of industries; whether it’s for financial reporting, loan collateral purposes, mergers & acquisitions or business restructuring & recovery.