Vestas extendes its lead among wind turbine vendors

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The third edition of Navigant Research’s Wind Turbine Order Tracker identifies trends in the wind power industry by collecting and analyzing wind turbine orders that were publicly announced in 2H 2016—July through December.

A total of 14,743.9 MW of wind turbine orders were collected in this version of the Tracker, which included announced projects from 24 different countries and 11 different vendors. Vestas extended its lead among wind turbine vendors with 6,445.15 MW of capacity reported— almost 3,000 MW more than in 1H 2016. Gamesa jumped into 2nd place with 2,011.0 MW of wind turbine orders announced. Offshore giant MHI Vestas—a joint venture of Mitsubishi Heavy Industries and Vestas—settled in 3rd place thanks to four large offshore wind orders. Nordex and Senvion round out the top five, with Siemens falling to 6th place thanks in large part to the company’s typical selective wind turbine order reporting.

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Asia Pacific led all regions in wind turbine order capacity in this update after an increase of more than 1,800 MW from 1H 2016. Strong showings from India and Australia were the main drivers for this jump in capacity. Thanks to a strong finish for the United States, North America jumped ahead of Europe for 2nd place with 3,688.1 MW. Europe fell to 3rd place, with 3,522.8 MW of disclosed wind turbine order capacity. This represents a fairly significant drop from 1H 2016 in Europe that was driven by a 1 GW order in Norway as well as a number of large offshore projects. Latin America remained in 4th place despite more than doubling its order total from 1H 2016, and the Middle East & Africa held 5th place with a strong showing of 525.5 MW.

Turbine size, both in terms of nameplate capacity and rotor diameter, continued its increasing trend. Weighted average capacity rose to 2.66 MW and rotor diameter averaged almost 115 meters. Turbine sizes between 2 MW and 4 MW accounted for almost 99% of turbine capacity in this period, with the bulk of it again falling in either 2 MW-2.49 MW and 3 MW-4 MW ranges. Hub height is not commonly reported in turbine orders. However, it is becoming more common due to towers reaching higher heights to capture better wind resources. For those projects that did report hub height, a weighted average of more than 97 meters was reported. MHI Vestas led the offshore order sheet, and its 8 MW turbine accounted for all orders. Two projects agreed to purchase 8.4 MW upscaled versions of the turbine.

Despite being one of the top wind power markets in the world, Chinese wind turbine OEMs are not accounted for in this Tracker due to the lack of availability of data in this market and from these OEMs that predominantly install only in China. There are rare exceptions for this, such as when a turbine order is announced for a Chinese OEM that is outside of its home market.

This Tracker provides insight into the upcoming project pipeline as well as emerging markets around the globe and the turbine manufacturers that are tapping into them. As a result, this report can be viewed as a complement to the World Wind Energy Market Update report, a comprehensive representation of global turbine installation activity.

Source: Navigant Research