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Vestas takes top spot as it breaks wind turbine installation record, Woodmac finds

An employee prepares to exit the nacelle of a Vestas A/S V136 wind turbine during operational testing at the Danish National Test Center for Large Wind Turbines in Osterild, Denmark, on Monday, April 18, 2016.  Photographer: Chris Ratcliffe/Bloomberg
An employee prepares to exit the nacelle of a Vestas A/S V136 wind turbine during operational testing at the Danish National Test Center for Large Wind Turbines in Osterild, Denmark, on Monday, April 18, 2016. Photographer: Chris Ratcliffe/Bloomberg

Danish wind turbine firm Vestas has hit the market top spot by breaking an industry record on installations worldwide, according to new analysis from Wood Mackenzie (Woodmac).

The firm became the first wind turbine manufacturer to install more than 10 gigawatts (GW) of wind capacity in a single year across 2019.

It takes Vestas above competitors Siemens Gamesa Renewable Energy (SGRE), GE Renewable energy and Goldwind.

But firms such as Senvion and Suzlon struggled due to “challenging market conditions”.

The new Woodmac report, which determines global, regional and country wind turbine manufacturer market shares, reveals that 2019 was a year of market consolidation.

Shashi Barla, Woodmac principal analyst, 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.

“China’s big three OEMs – Goldwind, Envision and MingYang – each recorded their highest ever installs in 2019.

“This challenged the West’s big three – Vestas, GE and SGRE – who also logged record installations last year.

“Supply constraints for China’s big three enabled tier II Chinese OEMs, such as Windey and CRRC, to make a surprise appearance in the global top 10 and top 15 rankings, respectively, for the first time.

“Despite eight Chinese OEMs ranking among the top 15 globally, only 0.6 GW of wind turbine capacity was exported. This illustrates China’s heavy dependence on the domestic market.

However, despite a healthy outlook for the wind turbine supply chain over the next decade, the coronavirus presents near-term hurdles for OEMS.

Mr Barla added: “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 lockdown measures that have obstructed manufacturing facilities in these countries.”

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