Siemens Gamesa steals Vestas’ OEM crown in 2017 - GlobalData

Siemens Gamesa Renewable Energy SA (BME:SGRE) has managed to dethrone Danish counterpart Vestas Wind Systems A/S (CPH:VWS) as 2017’s top wind equipment manufacturer.

The Spain-based company has installed 9.43 GW of wind turbines in 2017 for a 26.4% year-on-year rise. For comparison, its Danish rival has experienced a 14% drop in installations, reaching 7.52 GW last year, according to the latest statistics by GlobalData.

A recent report shows that Vestas had performed strongly throughout all regions, but still the company could not overcome the merger synergies that helped Siemens Gamesa. The latter was formed about a year ago when Spanish wind turbine maker Gamesa combined with the wind power business of German industrial major Siemens (ETR:SIE).

The third spot in GlobalData’s ranking was claimed by Xinjiang Goldwind Science & Tech Co Ltd (HKG:2208), which continues to be the largest wind turbine manufacturer in China. Its global new installation market share reached 10.4% last year, GlobalData said.

The renewables arm of US conglomerate General Electric (NYSE:GE) ranked fourth, while Germany’s Enercon positioned fifth.

The Top 5 original equipment manufacturers (OEMs) in this sector accounted for almost 58% of the total installed capacity in 2017, which is an increase of almost 7% on the previous year, GlobalData added.

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