Global wind industry had a record, near 100 GW

La industria eólica mundial registra un año récord instalando cerca de 100 GW
Los 10 principales fabricantes mundiales de aerogeneradores en 2020. Fuente: BloombergNEF. Notas: La capacidad eólica total puesta en servicio en 2020 fue de 96,3 GW. La capacidad de MHI Vestas se atribuye a Vestas desde la adquisición de MHI Vestas por parte de Vestas a finales de 2020. Top 10 de 2019: 1) Vestas 2) Siemens Gamesa 3) Goldwind 4) GE 5) Envision 6) Mingyang 7) Windey 8) Nordex 9) Shanghai Electric 10) CSIC (ahora CSSC) / Top 10 global wind turbine makers, 2020. Source: BloombergNEF. Notes: Total commissioned wind capacity in 2020 was 96.3GW. MHI Vestas capacity is attributed to Vestas since Vestas’ acquisition of MHI Vestas in late 2020. Top ten in 2019: 1) Vestas 2) Siemens Gamesa 3) Goldwind 4) GE 5) Envision 6) Mingyang 7) Windey 8) Nordex 9) Shanghai Electric 10) CSIC (now CSSC).

In a record-setting year, the wind industry commissioned nearly 100 GW of new build in 2020. Undeterred by the coronavirus pandemic, global commissioning of wind turbines grew 59% year-on-year as installations surged in China and the U.S. New offshore wind capacity was down 19%. Just four manufacturers accounted for more than half (51%) of the machines deployed: GE, Vestas, Goldwind and Envision all commissioned over 10 GW last year, as the gap widened between the leading manufacturers and smaller players.

Developers commissioned some 96.3 GW of wind turbines globally in 2020, compared with 60.7 GW the previous year. Most of these were on land (94%), as the addition of new turbines at sea fell to 6.1 GW – a 19% drop compared to 2019.

The latest data from BloombergNEF (BNEF) shows that GE and Goldwind were the top two turbine suppliers in 2020, following a surge in installations in the U.S. and China. Vestas, which placed first for four years, fell to third place in the 2020 ranking*.

GE and Goldwind claimed the top two spots in this year’s ranking by concentrating on the largest markets. This strategy may not be as fruitful in 2021 as subsidies lapse in those areas. By the other hand Vestas took on less market risk, with turbines commissioned in 34 countries last year.

GE earned its spot at the top of the ranking by increasing its onshore installations by 6.6 GW year-on-year, with installations in the U.S. accounting for some 70% of its 13.5 GW global portfolio. China, meanwhile, accounted for 98% of the capacity commissioned by Chinese turbine makers.

BNEF identified 57.8 GW of new wind capacity commissioned in China last year. In the onshore market, this was more than was commissioned by the entire world in 2019. This surge in demand for turbines in China allowed smaller domestic turbine makers to fully utilize their idling manufacturing capacity, and gain ground on their foreign competitors in the global ranking.

While every region commissioned more wind capacity than the year prior, the unprecedented growth observed in 2020 should be credited to the Chinese wind market. Nearly every turbine maker is now selling turbines into China, and in 2020 it was the second-largest market for both GE and Vestas.

Over twenty turbine makers supplied wind turbines to China and many of them were able to double or triple their year-on year installed capacity. The expiring onshore and offshore subsidies fuelled the uptick in installations. Following the lapse of onshore feed-in premiums, the market is likely to see demand drop this year.

The U.S. commissioned 16.5 GW of new wind capacity last year, as developers prepared for a phase-out of the production tax credit. This was 77% more than in 2019 and 2.6 GW higher than the country’s previous record in 2012. GE supplied 57% (9.4 GW) of this new capacity, and stretched its lead over the competition. Vestas’ market share sank to 31% in 2020, even though the Danish turbine maker commissioned a company record of 5.1 GW across 14 U.S. states.

Total onshore wind additions in 2020 were 19.4 GW in the Americas, 12.6 GW in Europe (including Turkey and Russia) and 863 MW in Africa and the Middle East, while Asia Pacific accounted for 57.3 GW. BNEF’s database registered new wind farms starting full commercial operations in 44 countries.

Siemens Gamesa retains its position as the leader in the offshore wind market. Last year, Siemens Gamesa commissioned 1.91 GW at sea, with 752 MW at the Borssele wind farm in the Netherlands, and a further 539 MW at the East Anglia One project in the U.K., among other sites.

Los 10 principales fabricantes mundiales de aerogeneradores terrestres en 2020. Fuente: BloombergNEF. Notas: Solo incluye la capacidad eólica terrestre. La capacidad eólica terrestre total puesta en servicio en 2020 fue de 90,2 GW. Top 10 de 2019: 1) Vestas 2) Goldwind 3) GE 4) Siemens Gamesa 5) Envision 6) Mingyang 7) Windey 8) Nordex 9) Dongfang 10) Enercon. / Top 10 global onshore wind turbine makers, 2020. Source: BloombergNEF. Notes: Only includes onshore wind capacity. Total commissioned onshore wind capacity in 2020 was 90.2 GW. Top ten in 2019: 1) Vestas 2) Goldwind 3) GE 4) Siemens Gamesa 5) Envision 6) Mingyang 7) Windey 8) Nordex 9) Dongfang 10) Enercon.

In a bid to reposition itself as a leading turbine supplier to the offshore wind industry, Vestas acquired MHI Vestas Offshore Wind in late 2020. It may be a few years before this move shakes up the turbine supply market as Siemens Gamesa already tops the offshore wind order books out to 2025. Five turbine makers from China – Shanghai Electric, Mingyang, Envision, Goldwind and CSSC – overtook Vestas, which slipped to seventh place in the offshore wind market.

* The 2017 ranking included onshore only. All subsequent years include onshore + offshore.

Source: BNEF