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

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.

Source: Navigant Research
Date: Nov 22, 2017