Vestas relegated in US onshore installations in Q1

Vestas’s US rival GE Renewable Energy surpasses the Danish OEM in 2023’s first quarter when it comes to onshore wind installation, writes Recharge News.
GE Renewable had a more favorable onshore outcome in Q1 than Vestas. | Photo: Ge Renewable Energy
GE Renewable had a more favorable onshore outcome in Q1 than Vestas. | Photo: Ge Renewable Energy
by marketwire, translated by christian radich hoffman

Vestas must make do with second place for Q1 when it comes to the US market for onshore wind while its US competitor, GE Renewable Energy, took the lion’s share of onshore in the quarter, Recharge News reports.

The US is the world’s second-largest wind turbine market after China. Data from American Clean Power Association (ACP) shows that in the first three months of 2023, GE took hold of a whopping 74% of the US market for newly installed onshore turbines while Vestas secured 25%.

Siemens Gamesa took third place on the compiled market with approximately 1%, while there were no new Nordex turbines installed in the quarter.

GE’s major market share during Q1 was ensured in part by the turbine variant 2.82-127. It alone amounted to 41% of all installed capacity for the period.

Number two on that list is also a GE turbine: variant 3.4-140, amounting to 16% of installed capacity. Vestas took third place with 12% installed capacity for its V150-4.3 turbine.

Despite its domestic market dominance for onshore wind, GE Renewable Energy still generated a loss in Q1, shows April data from its parent company’s financial account. Throughout 2022, there were also red numbers on the bottom line. GE Renewable Energy is expected to turn a profit come 2024.

All in total, the first quarter saw 1.42GW of onshore capacity being installed which is more than halved from 2.87GW installed in the same period of 2022. There was no new offshore installations in the US in the first quarter.

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