Flender/Flender Gear Units/Helical gearbox H1
.............................. ... 3 Wind Trade An Manufacturing February 2 Bloomberg Finance .. 2 No portion of this document may be

reproduced, scanned into an electronic system, distributed, publicly displayed or used the basis of derivative works without the prior written

consent of Bloomberg Finance .. For more information on terms of use, please contact sales.bnef Siemens Flender bloomberg.net. Copyright and

Disclaimer notice on page 2 applies throughout. Wind Trade And Manufacturing February 2 Bloomberg Finance .. 2 No portion of

this document may be reproduced, scanned into an electronic system, distributed, publicly displayed or used as the basis of derivative works without the prior written consent of Bloomberg Finance .. For more information on terms of use, please contact sales.bnef Siemens Flender bloomberg.net. Copyright and Disclaimer notice on page 2 applies thro ughout. 1 Section 1. Execu tive Summary The following is an in -depth examination of wind manufacturing and trade trends produced under an ongoing partnership between BloombergNEF and the Energy Security & Climate Change Program at the Center for Strategic and International Studies in Washington. This report focuses exclusively on the win industry and offers deeper -dive look at current global competitive dynamics. Similar reports covering the solar PV and battery storage sectors have been published separately and are also available for download at both CSIS.org and BNEF HB series gearbox . 1. The primary components contained in typical utility -scale wind turbine are foundations, towers, blades, hubs, and drivetrains. The drivetrain sits within the nacelle atop the tower and converts the rotational energy from the blades into electricity. 2. Concrete is the predominant material used in onshore wind farms (by weight) , while steel takes the lions share for offshore projects. Concrete, land -based foundations and steel sub - sea foundations contribute the majority to th