FTI Consulting: Vestas far ahead of competitors in H1 2017

The global wind market declined in the first six months of the year, although Siemens Gamesa was the only western turbine manufacturer to feel a big hit. However, the market will enjoy a boost in the near future, according to a prognosis from FTI Consulting.

Wind turbine orders declined in the first half of this year. Globally, set and unconditional orders of 20.3 GW were announced from January throughout June, half a GW less than in the same period last year, and 2.8 GW less – corresponding to 12 percent – than the first six months of 2015, reveals the latest market update from FTI consulting.

However, not all turbine manufacturers have been struck by the declining market. With 4.716 GW, Vestas is sitting higher than the level of the two previous years, while GE, Goldwind, Nordex, and Senvion have booked orders for more MW than the year prior. The vast majority of the decline can thus be attributed to Siemens Gamesa, which has plunged from over 5 GW in 2016 to 3.9 GW in the first half of 2017.

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

HitecVision closes first green transition fund

Nordic pension funds are among the investors in the first private equity fund targeting the green transition launched by Norway's largest private equity firm, which has been focusing on the offshore energy industry for more than 30 years.

Further reading

Related articles

Latest News

See all jobs