Senvion eyes 25% Germany share
Wind turbine maker Senvion hopes to expand its share of its German home market to 25% after booking record orders in its 2013/14 financial year.
Senvion, formerly known as REpower Systems, registered an order intake of about €800m ($1.1bn) in the 2013/14 fiscal year, its biggest ever.
Two hundred of its turbines were installed in Germany during that year, another record, according to the company. If Germany and Austria are taken together, Senvion installed 593MW of wind turbines in the period.
Senvion’s fiscal year ended on 31 March, in synch with that of Suzlon, its Indian parent company.
“We have the right products to expand our market share in Germany by 2016 to 25%,” claimed Senvion Deutschland’s managing director Hendrik Böschen.
In 2013, Senvion consolidated its number-three position among wind turbine sellers in Germany behind Enercon and Vestas, boosting its market share to 13.5% from 10.6% a year earlier, according to the Dewi consultancy. In the onshore market alone, Senvion reached a 16.2% share in 2013.
The growing success in its home market is largely based on the company’s 3MW platform, which makes up three quarters of sales in Germany, Böschen said. With the 3.0M 122 model, Senvion has managed to do very well in the growing moderate-wind market in German inland regions.
The robust performance of Senvion has made it the prize asset of the Suzlon group, according to some analysts, and it recently secured a €850m refinancing deal from a syndicate of banks.
The Indian parent has refused to comment on recent reports that it hopes to float part of Senvion on the London Stock Exchange.