Wind

More

Vestas retakes number-one spot in wind OEM rankings

Navigant Research says Danish group was market leader again in 2018 after ousting Siemens Gamesa

Vestas was confirmed as last year’s global wind OEM leader by another research group as analysts at Navigant said it retook the number-one spot in 2018.

The Danish OEM installed a record 10.4GW out of 50.6GW added around the world last year – a total that represents a slip from 52GW installed in 2017, said Navigant’s annual Global Wind Turbine OEM Market Share study, which echoes others in reflecting a storming year for Vestas.

'Wind's big-five to seize two-thirds of market as Vestas leads': WoodMac

Read more

China’s Goldwind came second in Navigant’s rankings with 6.8GW thanks to its dominance in its domestic market, while 2017 number-one Siemens Gamesa slipped to third, with 6.2GW, Navigant said.

GE Renewable Energy and Envision rounded out the top five in the US-based research group’s study.

Navigant said: “These numbers do not suggest a broader downturn in wind but rather a plateau as the industry is coping with a transition in many markets to more challenging market-based competitive incentives.

“Changes in the top global and country rankings reflect these market dynamics as some OEMs weather the market storm better than others.”

Read Next


Vestas in 415MW deal for Saudi Arabia's first wind farm

OEM will supply and build Dumat Al Jandal project that won in landmark wind tender by oil-rich kingdom

16 Jul 15:28 GMT

Latest