Siemens will stay on top of Vestas in offshore battle for years to come

Ahead of 2020, MHI Vestas will gain ground in Europe's offshore wind market, but measured in megawatts, Siemens will extend its supreme lead. Only one other manufacturer looks able to survive the duel among wind majors.

The distribution in last year's offshore wind market looked like a massacre: Of the 344 offshore turbines connected to Europe's electricity grid in 2016, the name Siemens was printed on 337 nacelles. This corresponds to a market share of 96.4 percent. The other seven turbines with a total 56 MW came from MHI Vestas. No other manufacturer connected a single offshore turbine to the grid, according to new data from the European industry organization WindEurope.

Measured in total installed offshore turbines to date, the scenario is similar although not as extreme. While Vestas and Siemens were about the same size when the industry really got going around 2010, the latter now holds two thirds of the market. And the balance of power will not change radically in years to come, according to EnergyWatch's own calculations.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs