Global Wind Turbine Order Capacity Decreased by Nearly 2 Gigawatts During First Half of 2017
Vestas again led all turbine vendors in terms of order capacity between January and June
A new report from Navigant Research tracks all publicly announced wind turbine orders between January and June 2017, providing details on orders placed by region, country, and vendor, as well as a breakdown of the vendor market of the top countries.
During the last year, several shake ups have rattled the global wind turbine industry, including Nordex’s acquisition of Acciona and the merger of Siemens and Gamesa. Additionally, a change from a feed-in tariff structure to a competitive bidding process in India led to market uncertainty, causing a decrease of almost two gigawatts (GW) in turbine order capacity. Click to tweet: According to a new report from @NavigantRSRCH, global wind turbine orders announced in the first half of 2017 reached 11.6 GW, representing a decline from 14.7 GW of orders in the second half of 2016 and 13.4 GW in the first half of 2016.
“Despite this year’s decrease in order capacity, the average turbine rating continues to grow, with many of the top turbine vendors having weight average ratings near 3 megawatts (MW) or higher. Total wind farm sizes are also increasing” says Adam Wilson, research analyst with Navigant Research.
According to the report, Vestas once again led all turbine vendors during the first half of 2017, with 4.3 GW of turbine orders between January and June 2017. Regionally, Asia Pacific led wind turbine order capacity with 2.8 MW signed in the first half of the year.
The report, Wind Turbine Order Tracker 4Q17, 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. 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 4Q17, 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.