Senvion’s 2018 order intake down to EUR 1.5bn, up in capacity terms

Senvion 3.4M140 EBC Prototyp-Installation in Heckelberg-Brunow,

January 11 (Renewables Now) - German wind turbine manufacturer Senvion SA (ETR:SEN) reported a thinner turbine order intake of EUR 1.52 billion (USD 1.75bn) in 2018, down by 14.6% year-on-year.

By capacity, the total order intake increased by 16% to 2,011 MW in 2018. The onshore order intake grew by 31% in capacity terms.

The fourth-quarter order intake stood at EUR 514 million, up by 146% from the preceding three months.

New markets accounted for 67% of Senvion’s total turbine order intake last year, or EUR 1.024 billion. It secured conditional contracts in the Americas, India, Australia and Spain. The Indian market added over 1 GW to the turbine maker’s order book, of which close to 75% being firm orders.

Senvion said it booked more than 500 MW of conditional orders in the fourth quarter alone.

Total installations reached approximately 1.1 GW in 2018 on the back of the strong fourth quarter during which about 458 MW were installed, a 36% quarter-on-quarter increase.

Senvion will publish full annual results on March 14.

(USD 1.0 = EUR 0.87)

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