Vestas narrows gap in US but still lacks firepower
On a global scale, the Danish OEM is still lagging behind last year's order level, but the North American gap is now closed after a sprint to the quarterly finish line. Newly commercialized wind turbines are, however, not the means to deprive GE of its dominance, says chief analyst.
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN
With announced orders totaling roughly 1.5GW in recent days, Vestas has closed the quarter true to custom. Beyond doubling order intake for the period July-September, the OEM closed in on its Q3 performance from last year. Even though the combined volume of 10.473GW is still less than that of both 2019 and 2020 – bearing in mind, of course, that figures for this year also include offshore wind sales following the reacquisition from Mitsubishi Heavy Industries.
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