Nearly 140 Wind Projects Awarded Turbine Contracts in the Second Half of 2015

Siemens and Vestas led turbine orders in total capacity during this time period

A new report from Navigant Research tracks all publicly announced wind turbine orders, with data segmented by region, country, and vendor, between July and December 2015.

In the second half of 2015, more than 12 gigawatts (GW) of capacity was awarded to wind turbine contracts for projects globally. Europe led all regions with just more than five GW of capacity in orders, while North America had just under 2.8 GW, and Asia Pacific had just over two GW. Click to tweet: According to a new report from Navigant Research, in all, nearly 140 projects across 25 countries were awarded turbine contracts between July and December 2015.

“Wind turbine orders tracked in the second half of 2015 show substantial business activity across all top and mid-tier turbine vendors,” says Adam Wilson, research associate with Navigant Research. “The top countries for order volume are in the key markets such as the United States, the United Kingdom, and Germany, but activity is also strong in Brazil and India, where turbine vendors are competing for geographic diversification. Notably, one vendor that was barely on the radar a couple years ago in India is now showing significant activity in that market.

Siemens and Vestas led turbine order vendors in total capacity awarded in the second half of 2015, according to the report. Meanwhile General Electric, Gamesa, and MHI Vestas (the offshore wind joint venture between Vestas and Mitsubishi Heavy Industries) rounded out the top five.

The report, Wind Turbine Order Tracker 1Q16, report tracks all publicly announced wind turbine orders between July and December 2015. The study provides an analysis of orders placed by region, country, and vendor, in addition to a breakdown of the vendor markets of the top countries by capacity. A detailed examination of turbine components such as rotor diameter, turbine rating, and specific power is provided, as well. The report also offers a comparison of the onshore and offshore wind markets. Note that this Tracker excludes orders for the Chinese market due to the opaque state of order reporting in that market. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Lorenz

+1.303.493.5477

lindsay.lorenz@navigant.com

* The information contained in this press release concerning the report, Wind Turbine Order Tracker 1Q16 is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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