Navigant Research Finds Global Wind Turbine Order Capacity Decreased by Nearly 2 Gigawatts During First Half of 2017

Vestas again led all turbine vendors in terms of order capacity
between January and June, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#FeedInTariff–A new report from Navigant
Research tracks all publicly announced wind turbine orders between
January and June 2017, providing details on orders placed by region,
country, and vendor, as well as a breakdown of the vendor market of the
top countries.

During the last year, several shake-ups have rattled the global wind
turbine industry, including Nordex’s acquisition of Acciona and the
merger of Siemens and Gamesa. Additionally, a change from a feed-in
tariff structure to a competitive bidding process in India led to market
uncertainty, causing a decrease of almost two gigawatts (GW) in turbine
order capacity. Click
to tweet: According to a new report from @NavigantRSRCH,
global wind turbine orders announced in the first half of 2017 reached
11.6 GW, representing a decline from 14.7 GW of orders in the second
half of 2016 and 13.4 GW in the first half of 2016.

“Despite this year’s decrease in order capacity, the average turbine
rating continues to grow, with many of the top turbine vendors having
weight average ratings near 3 megawatts (MW) or higher. Total wind farm
sizes are also increasing,” says Adam Wilson, research analyst with
Navigant Research.

According to the report, 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.

The report, Wind
Turbine Order Tracker 4Q17, tracks all publicly announced wind
turbine orders between January and June 2017 (1H 2017). The report
contains analysis of orders placed by region, country, and vendors, as
well as a breakdown of the vendor market of the top countries. Note that
this report excludes orders for the Chinese market due to the opaque
state of order reporting in that market. Analyses of turbine
technologies such as rotor diameter, turbine rating, and specific power
are also presented, and the offshore wind market is compared against the
onshore wind market. An Executive Summary of the report is available for
free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Wind Turbine Order Tracker 4Q17, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]