More than 12 GW of wind turbine contracts were awarded to nearly 140 wind projects worldwide, according to new research from Navigant Research.
Research published in a new Navigant Research report, Wind Turbine Order Tracker 1Q16, which tracks all publicly awarded wind turbine orders, reveals that Siemens and Vestas led turbine orders in the second half of 2015, with 2,852 MW and 2,810 MW of capacity respectively. All in all there was over 12 GW of capacity awarded during the six months, across 25 countries and almost 140 projects. GE, Gamesa, and MHI Vestas filled out the top five companies.
“Wind turbine orders tracked in the second half of 2015 show substantial business activity across all top and mid-tier turbine vendors,” says Adam Wilson, research associate with Navigant Research. “The top countries for order volume are in the key markets such as the United States, the United Kingdom, and Germany, but activity is also strong in Brazil and India, where turbine vendors are competing for geographic diversification. Notably, one vendor that was barely on the radar a couple years ago in India is now showing significant activity in that market.
Allocation of Wind Turbine Order Capacity by Region, World Markets: 2H 2015
Europe was unsurprisingly the leader, with over 5 GW in orders placed during the second half of the year. Specifically, the United Kingdom and Germany led the way in the region with orders totaling 2.5 GW and 1.2 GW respectively.
North America followed behind Europe with just under 2.8 GW, while the Asia Pacific region ranked third with just over 2 GW — of which over 60% was located in India.
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