And the Wind Turbine Winner is … Vestas

Bloomberg New Energy Finance reports that Danish wind manufacturer Vestas reclaimed the top spot in the annual ranking of wind turbine manufacturers.

Top Onshore Turbine Manufacturers, 2016

top-turbine-manufacturer
BNEF 2017
  1. 🇩🇰  Vestas has been on the scene since 1945 as an appliance manufacturer and moved into turbine production in 1979 and has plants in Denmark, Germany, India, Italy, Romania, the United Kingdom, Spain, Sweden, Norway, Australia, China, and the United States. They installed a whopping  8.7GW of turbines in 2016, good for 16% of all onshore wind installations last year. 43% of those 8.7GW were in the USA. Vestas has a very international reach and is continuing to pursue a global strategy with projects commissioned in 35 countries, more than any other turbine maker.
  2. 🇺🇸 General Electric placed second with 6.5GW, some 0.6GW more than in 2015. They are the largest producer in the USA and while they narrowly lost its traditional lead in the US market for newly commissioned turbines to Vestas, GE managed to increase its global presence to 21 countries in 2016, from 14 in 2015.
  3. 🇨🇳  Xinjiang Goldwind Science & Technology fell from first to third place with 6.4GW in 2016. Virtually all of the Chinese manufacturer’s capacity was built in its home market, where Goldwind further extended its market share. China’s contracting wind market had a clear impact on Goldwind, as overall installations were 22.8GW, down 21% from the record 29GW in 2015.
  4. 🇪🇸 Gamesa came in fourth and reported that it had beaten its own annual turbine manufacturing record, having already made more than 1,880 units with a total productive capacity of 3,880 MW. The new record was a long time in the making, taking eight years to beat 2008’s 3,787 MW. Their record was set with turbines assembled all over the world — India (36%), Europe (28%), China (26%) and Brazil (10%). Almost one in three Gamesa turbines was installed in India.
  5. 🇩🇪  Enercon sits in 5th place, with a market share of 7.2% worldwide and 59.2% only in Germany. Enercon has production facilities in Germany, Sweden, Brazil, India, Canada, Turkey, and Portugal. They are limited to onshore wind turbines.
  6. 🇩🇪  Nordex, in 6th place has installed wind power capacity of more than 18 GW in over 25 markets. The production network comprises plants in Germany, Spain, Brazil, the United States and soon also India. Nordex closed the first half of 2016 with a new record in German installations, with a total 134 new turbines installed marks an increase of 135% over the same period in the previous year
  7. 🇨🇳  Guodian / United Power is the Chinese runner-up, with its manufacturing spread entirely across China. Originally, a joint venture with Westinghouse and later a joint venture with Siemens from 1998 to 2006 before restructuring to a state-owned enterprise in 2007. Today, they have 23,030 MW of wind power installed, they have grown rapidly and strategically in the last 15 years.
  8. 🇩🇪  Siemens Wind Power in 8th place seems to be coming in short, but this is because this list looks at onshore wind, whilst Siemens supplies about 60% of European offshore wind turbines.
  9. 🇨🇳  Ming Yang 明阳风电 is the largest privately owned wind turbine manufacturer in China.
  10. 🇨🇳  Envision, the “smallest” Chinese entrant, Since its foundation in 2007, Envision Energy has maintained rapid growth in its business operations.

Top Offshore Turbine Manufacturers, 2016

top-offshore-turbine-manufacturer
BNEF, 2017

🇨🇳  Sewind is the undisputed offshore leader, supplying nearly 60% of the 832 MW of new offshore wind turbines commissioned in 2016 globally and since it manufactures Siemens offshore turbines under license in China, the company actually installed 388 MW of Siemens turbines and 101 MW of own design machines.

What to expect next

I wrote about the upcoming merger between Gamsea and Siemens a few months ago here and the merger between the two is set to go through. It appears that they are aiming at speeding up consolidation due to competition and price pressures. As Gamsea and Siemens combine their wind-turbine manufacturing businesses, creating a company that will dominate the industry, Vestas will be dethroned to second place.

A recent report by the Global Wind Energy Council (GWEC) shows that China installed 592 MW of offshore wind in 2016, entering the global top three alongside Germany and the Netherlands. Although the GWEC and BNEF reports focus on different aspects, both point to a steady rise in Asian offshore wind markets. This is also evident in day to day new reports on deals and contracts.

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