Vestas Extends its Lead Among Vendors with the Most Wind Turbine Orders Received in the Second Half of 2016

Global wind turbine orders collected from July through December from 24 countries and 11 vendors total nearly 15,000 MW

A new report from Navigant Research tracks all publicly announced wind turbine orders between July and December 2016, providing details on orders placed by region, country, and vendor, as well as a breakdown of the vendor market of the top countries.

The latest version of Navigant Research’s Wind Turbine Order Tracker shows a continued increase in global wind turbine deals during the second half of 2016. From July to December, orders were collected from projects in 24 countries and from 11 vendors, totaling nearly 15,000 MW of capacity. Click to tweet: According to a new report from @NavigantRSRCH, manufacturer Vestas extended its lead among turbine vendors with more than 6,445 MW of capacity reported—almost 3,000 MW more than in 1H 2016.

“Wind farm developers are becoming more willing to explore regions of less than ideal wind resources and wind turbine manufacturers are using larger rotors and higher hub heights to maximize capacity factors in these regions,” says Adam Wilson, research analyst with Navigant Research. “Vestas is a good example of this—the company’s average turbine rating for orders received in the second half of 2016 decreased from 2.96 MW to 2.8 MW while average rotor diameter actually increased slightly to 114.5 meters from 112.7 meters.”

Vestas is trailed by Gamesa with just over 2,000 MW of orders announced, according to the report. Regionally, Asia Pacific leads, owing an 1,800 MW increase in capacity over the previous six months to strong showings in India and Australia. North America follows, with Europe close behind.

The report, Wind Turbine Order Tracker 2Q17, tracks all publicly announced wind turbine orders between July and December 2016 (2H 2016). The report contains analysis of orders placed by region, country, and vendors, as well as a breakdown of the vendor market of the top countries by capacity. Note that this report excludes orders for the Chinese market due to the opaque state of order reporting in that market. Analyses of turbine technologies such as rotor diameter, turbine rating, and specific power are also presented, and the offshore wind market is compared against the onshore wind market. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Wind Turbine Order Tracker 2Q17is 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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