Siemens Gamesa has overtaken Vestas to become the top wind turbine manufacturing company in terms of annual installed wind plant capacity in 2017.
Siemens Gamesa has 8.7 GW of wind turbine plant capacity to become the top wind turbine manufacturer in 2017, narrowly edging ahead of Vestas’s 8.6 GW , according to a new report from Navigant Research.
“Only 140 MW separated Siemens Gamesa from Vestas as the latter’s 421 MW of offshore capacity was attributed to MHI Vestas, a separate company representing a merger of Mitsubishi and Vestas,” said Jesse Broehl, senior research analyst with Navigant Research.
Globally, all wind technology vendors have installed a total of 51.9 GW of wind energy capacity in 2017, representing a 4 percent decrease from 2016, and reflecting policy shifts squeezing the industry’s value chain.
The report on wind power industry said that the demand for wind turbine in 2018 is expected to be flat.
The demand for wind turbines will likely to accelerate in 2019 as technology improves and wind cost performance becomes increasingly attractive to governments, utilities, and other stakeholders, particularly in the regions of Latin America, Africa, the Middle East, and Southeast Asia.