May 11 (Renewables Now) - Denmark’s Vestas Wind Systems A/S (CPH:VWS) grid-connected 11.3 GW of wind power capacity in 2019, becoming the first turbine manufacturer to install more than 10 GW in a single year, market researcher Wood Mackenzie said Monday.
Last year’s installation volume represented an increase of 1.5 GW compared to 2018 as Vestas added capacity in over 35 markets. For the first time, the Americas accounted for more than 50% of the portfolio, supported by installations in the US, Mexico and Argentina, WoodMac said in its analysis.
Siemens Gamesa Renewable Energy SA (BME:SGRE) took the second spot in the installation ranking, thanks to the UK offshore market and over 1 GW of onshore installations in the US and Spain.
Rounding up the top three is GE Renewable Energy with 8.7 GW of wind turbines connected, up 60% on 2018, across 24 markets. The clean energy division of General Electric Company (NYSE:GE) last year added Greece, Oman, Jordan, Kazakhstan and Chile to its geographical spread.
China’s Xinjiang Goldwind Science & Technology Co Ltd (HKG:2208) was pushed to number four after several very strong years. The top 15 list features seven other Chinese original equipment manufacturers (OEMs), but their activities were mostly limited to the domestic market. Chinese firms exported only 0.6 GW of wind turbine capacity in 2019.
China Ming Yang Wind Power Group Ltd, which climbed two spots to the sixth place on WoodMac’s ranking in 2019, doubled installations at home to 4.4 GW, including over 500 MW of offshore projects.
The global OEM ranking in 2019 is presented in the table below:
|Position:||Company name:||Ranking in 2018:|
|1.||Vestas Wind Systems||1|
|2.||Siemens Gamesa Renewable Energy||3|
|3.||GE Renewable Energy||4|
|4.||Xinjiang Goldwind Science & Technology||2|
|6.||China Ming Yang Wind||8|
|8.||Zhejiang Windey Co||13|
|10.||Shanghai Electric Wind Power Equipment||9|
|11.||Dongfang Electric Corporation||-|
|12.||CSIC Haizhuang Windpower Equipment||14|
|14.||MHI Vestas Offshore Wind||12|
|15.||CRRC Wind Power||-|
“The top five turbine OEMs -- Vestas, SGRE, GE, Goldwind and Envision -- increased their combined market share by 10% from two years ago, capturing 68% of global capacity,” said Shashi Barla, principal analyst at Wood Mackenzie.
By contrast, the market share of smaller suppliers, including Senvion SA (FRA:SEN), Suzlon Energy Ltd (NSE:SUZLON), Inox Wind Ltd (NSE:INOXWIND), XEMC Windpower Co Ltd, deteriorated due to challenging market conditions, Barla added.
While the next decade looks promising for the wind turbine supply chain, the global coronavirus crisis presents near-term hurdles for OEMs, the WoodMac analyst concluded.