Vestas ‘Tops’ Turbine charts Takes 16% Onshore Market Share

In Clean News, News, Renewable Energy, Wind

Vestas topped the wind turbine supplier charts in 2017, according to preliminary data from consultancy FTI Intelligence.

The Danish manufacturer was boosted by a wide geographic diversification strategy and strong performance in the US, FTI said.

Siemens Gamesa came in second, mainly due to the merger between Siemens Wind Power and Gamesa, a strong position in offshore wind in India and an improved showing in the US.

Chinese supplier Goldwind ranked third, despite its home market share falling 15% last year.

FTI said that GE slipped to fourth, from second in 2016, primarily because its share in the US market fell.

In a separate analysis released today, Bloomberg New Energy Finance (BNEF) placed Vestas top of the onshore wind suppliers last year, again followed by Siemens Gamesa, Goldwind and GE.

Some 7.7GW of Vestas turbines were commissioned in 2017, equivalent of 16% of the global market share, according to BNEF.

Siemens Gamesa added 6.8GW, Goldwind 5.4GW and GE 4.9GW, the research found.

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