‘Substantial Business Activity’ For Turbine Vendors Shown In H2’15: Report

Posted by Lauren Tyler on February 25, 2016 No Comments
Categories : New & Noteworthy

In the second half of 2015, more than 12 GW of capacity was awarded to wind turbine contracts for projects globally, 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. Navigant says it tracked all publicly announced orders in that time period and separated the data by region, country and vendor, in addition to a breakdown of the vendor markets of the top countries by capacity.

With more than 5 GW of capacity in orders, Europe led all regions, says Navigant, which adds that North America had just under 2.8 GW, and Asia Pacific had just over 2 GW.

Siemens and Vestas led turbine order vendors, according to the report. Meanwhile, GE, Gamesa, and MHI Vestas (the offshore wind joint venture between Vestas and Mitsubishi Heavy Industries) rounded out the top five.

“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,” Wilson adds.

Navigant’s full report can be downloaded here.

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