Approximately 140 Wind Projects Awarded Turbine Contracts in the Second Half of 2015

320

A new report from Navigant Research titled “Wind Turbine Order Tracker 1Q16” tracks all publicly announced wind turbine orders with data segmented by region, country, and vendor between July and December 2015.

In the second half of 2015, more than 12 GW of capacity was awarded to wind turbine contracts for global wind projects. Europe led all regions with just more than 5 GW of capacity in orders, while North America had just under 2.8 GW and the Asia-Pacific region had just over 2 GW.

“Wind turbine orders tracked in the second half of 2015 show substantial business activity across all top- and mid-tier turbine vendors,” said Adam Wilson, a research associate with Navigant Research. “The top countries for order volume are in the key markets such as the United States, the United Kingdom, and Germany, but activity is also strong in Brazil and India where turbine vendors are competing for geographic diversification. Notably, one vendor that was barely on the radar a couple years ago in India is now showing significant activity in that market.”

Siemens and Vestas led turbine order vendors in total capacity awarded in the second half of 2015, according to the report. Meanwhile, General Electric (GE), Gamesa, and MHI Vestas, the offshore wind joint venture between Vestas and Mitsubishi Heavy Industries, rounded out the top five.

The study provides an analysis of orders placed by region, country, and vendor in addition to a breakdown of the vendor markets of the top countries by capacity. A detailed examination of turbine components including rotor diameter, turbine rating, and specific power is also provided. The report also offers a comparison of the onshore and offshore wind markets. Note that this tracker excludes orders for the Chinese market due to the opaque state of order reporting in that market. An executive summary of the report is available to be downloaded for free on Navigant Research’s website. 

— Source: Navigant Research

For more information, go to www.navigantresearch.com.