Global Wind Turbine Orders Fall Due to Shakeups, India

wind turbine construction sept 13 elp

By Editors of Power Engineering

A new report by Navigant Research indicates wind turbine orders for the first half of 2017 reached 11.6 GW, down from 14.7 GW for the second half of 2016.

The report suggested a change from a feed-in tariff structure to a competitive bidding process in India led to market uncertainty, single-handedly causing a decrease of almost 2 GW in turbine order capacity.

Additionally, the report noted several shake-ups have rattled the global wind turbine industry, including Nordex’s acquisition of Acciona and the merger of Siemens and Gamesa.

However, the average turbine rating continues to grow, with many of the top vendors having average capacities of 3 MW or higher. Additionally, total wind facility sizes are increasing.

Vestas once again led all turbine vendors during the first half of 2017, with 4.3 GW of turbine orders between January and June 2017. Regionally, Asia Pacific led wind turbine order capacity with 2.8 MW signed in the first half of the year.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...