New Projects, Renewables, Wind

Navigant Research Ranks Vestas as Top Wind Turbine Vendor in 1st Half 2016

wind turbine

A new report from Navigant Research ranks Vestas as the top wind turbine vendor in the first half of 2016.

According to the report, “Wind Turbine Order Tracker 3Q16,” during the first six months of 2016, global wind turbine orders from 11 vendors in 29 countries totaled nearly 13.5 GW, with Vestas overtaking Siemens (NYSE: SI) as the top vendor. Gamesa, GE (NYSE: GE) and Suzlon round out the top five, with Suzlon entering the top five after more than tripling its capacity awarded from July to December 2015.

In terms of turbine capacity awarded to regions, Europe retained the top spot in the first half of 2016, gaining 6 GW from several offshore orders and a large Norwegian project awarded to Vestas, the report stated. North America and Asia Pacific trail Europe, while Latin America saw a decline in capacity and the Middle East and Africa, tied for fifth, saw an increase.

The report tracks all publicly announced wind turbine orders between January and June 2016. It provides an examination of orders placed by region, country and vendor, as well as a breakdown of the vendor market of the top countries.

Click here to order the full report.