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Wind turbine orders fall in H1 2017 - Navigant

Vestas turbine. Author: News Oresund. License: Creative Commons, Attribution 2.0 Generic.

November 22 (Renewables Now) - Wind turbine orders announced globally in the first half of 2017 totalled 11.6 GW, according to a report by Navigant Research.

This is a drop from 14.7 GW in the second half of 2016 and 13.4 GW in the first half of 2016.

According to the market research firm, the decline can be partly attributed to the change in the Indian wind sector from a feed-in tariffs (FiT) mechanism to auctions.

Navigant said that while the global wind industry has been recently shaken up by two big mergers -- Nordex's (ETR:NDX1) acquisition of Acciona in the spring of 2016 and the combination of Siemens and Gamesa earlier this year, -- it is hard to trace the fall in orders back to them. Its report tracks all publicly announced wind turbine orders without orders for the Chinese market.  

Compared with the second half of 2016, orders were down significantly in all regions. Asia Pacific was the leading region with 2.8 GW of orders in the first half of 2017, but also saw the biggest decline of more than 1.5 GW. Europe was second, followed by North America, Latin America with 742 MW of orders, and the Middle East and Africa with 199 MW.

Denmark's Vestas Wind Systems A/S (CPH:VWS) was again the number one turbine supplier with about 4.3 GW of orders in the six-month period. General Electric Co (NYSE:GE) climbed to second place, while Siemens Gamesa Renewable Energy SA (BME:SGRE), Suzlon Energy Ltd (BOM:532667) and Senvion SA (ETR:SEN) were third, fourth and fifth, respectively.  

 

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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