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Embattled Senvion cheered by first-half installation surge

Germany-based turbine OEM says 89% growth shows focus on execution is succeeding

Embattled turbine OEM Senvion almost doubled installations to 546MW in the first half of 2019.

The Germany-based company said the figure – up 89% compared to 289MW in the same period of 2018 – showed it was successfully focusing on execution “in challenging circumstances”.

Senvion gains breathing space with €100m loan

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Most of the growth came in emerging markets such as Latin America and Australia, which Senvion is relying on as part of a turnaround strategy unveiled by CEO Yves Rannou.

Senvion entered insolvency in self-administration in April, sending ripples along its own supply chain.

It is currently understood to be in talks over potential new investment.

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