Vestas sets a new world record in wind energy installation

Danish equipment manufacturer Vestas has set a new wind energy installation record.

The company is the world’s first wind turbine manufacturer to install more than 10GW of wind energy capacity in a single year (2019), says Wood Mackenzie.

Vestas’ wind energy capacity connected with the grid increased from 1.5GW in 2018 in 35 markets to 11.3GW in 2019.

Installations made in the Americas accounted for more than 50% of capacity for the first time. This was driven by the US, Mexico and Argentina.

Shashi Barla, a principal analyst with Wood Mackenzie, said: “The top five turbine OEMs – Vestas, SGRE, GE, Goldwind and Envision – increased their combined market share by 10% from two years ago, capturing 68% of global capacity.”

SGRE was second on the global list of companies with highest installations. The firm dominated the 1.9GW UK offshore market and achieved over 1GW of onshore installations in the US and Spain.

GE grew its global dominance by connecting projects in 24 markets, with first-ever turbine installations in Greece, Oman, Jordan, Kazakhstan and Chile reaching 8.7GW. This is a 60% increase on 2018.

Below is a lists of the 15 of OEMs with the highest capacity of installed wind energy.

“Wind turbine OEMs with exposure to global wind turbine supply chain hubs including China, India and Spain will see a negative market share impact in 2020. This is primarily due to coronavirus,” reiterates Barla.

Click here for more information about the report.

This article was originally posted on Smart Energy International and was republished with permission.
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