Global wind turbine orders announced in 1H 2017 reached 11,570.9 MW, representing a notable decline from 14,743.9 MW in 2H 2016. There have been several shake-ups in the wind industry over the last year. Nordex acquired Acciona in the spring of 2016 and wind power giants Siemens and Gamesa merged this past spring to form Siemens Gamesa Renewable Energy (SGRE). While the dust is still settling with the mergers, it is difficult to trace the global drop in turbine orders back to them. Rather, a major change in the Indian wind industry (from a feed-in tariff to a competitive bidding process) is partly to blame for the decline.
Vestas led all turbine vendors with 4,265.9 MW of turbine orders between January and June 2017. Thanks to a few massive contracts, General Electric (GE) jumped into 2 place. SGRE came in 3 while Suzlon and Senvion rounded out the top five. Asia Pacific led all regions in wind turbine order capacity with 2,775.2 MW signed in 1H 2017. Europe was 2 and North America came in 3. Latin America recorded 741.8 MW of orders for 4 place and the Middle East & Africa came in a distant 5 with 198.8 MW. All five regions saw a significant drop in order capacity from 2H 2016, with Asia Pacific recording the largest decrease of over 1,500.0 MW.
This Navigant Research report tracks all publicly announced wind turbine orders between January and June 2017 (1H 2017). 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. 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.