General Electric placed second with 6.5GW, some 0.6GW more than in 2015. While GE narrowly lost its traditional lead in the US market for newly commissioned turbines to Vestas, it managed to increase its global presence to 21 countries in 2016, from 14 in 2015.
Xinjiang Goldwind Science & Technology fell from first to third place with 6.4GW in 2016. Virtually all of the Chinese manufacturer’s capacity was built in its home market, where Goldwind further extended its market share. China’s contracting wind market had a clear impact on Goldwind, as overall installations, there were 22.8GW, down 21% from the record 29GW in 2015.
“This years’ ranking shows why 2016 was all about mergers in the turbine-maker sector,” said David Hostert, head of wind research for BNEF. “There is now a strong breakaway group of three companies at the front, with a fairly tight field following. The upcoming merger of Siemens Wind and Gamesa will allow the joined company to catch up and create a ‘big four’ group of dominant manufacturers. Staying at the front of this pack will require both significant size and a balanced presence in the right markets.”
Spain’s Gamesa came in fourth place for onshore turbine installations, narrowly ahead of Germany’s Enercon. Both companies managed to significantly increase their overall installations compared to 2015. While one out of every two Enercon turbines was installed in Germany, almost one in three Gamesa turbines was installed in India.
Nordex group returned to the top 10 in sixth place, after its merger with Acciona Windpower last year. China’s Guodian United Power remained in seventh place, ahead of Siemens. The latter fell four places in the onshore ranking compared to 2015. Chinese firms Ming Yang and Envision tied for ninth place, with the difference between the two manufacturers too close to call.
Only 832MW of new offshore wind capacity was commissioned in 2016 in a year that was dominated by installations in Asia. While 2016 was a record for new offshore wind financings for projects to be built over the next few years in Europe, the actual amount being commissioned globally last year was far below 2015’s 4.2GW. China’s Sewind, which produces Siemens offshore turbines under license in China, placed first with 489MW. Of these, some 388MW were Siemens turbines and 101MW were machines of its own design. Under our methodology, Siemens placed second with two projects, in the Netherlands and Taiwan.
Bloomberg New Energy Finance compiles its annual onshore and offshore turbine manufacturer ranking based on its unique bottom-up project database and selected market sources to provide a global, harmonised methodology. These figures may, therefore, vary from manufacturer self-reporting. Gamesa and Siemens are shown as separate companies as the merger between Siemens Wind and Gamesa is not yet finalised.
Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers to navigate change in an evolving energy economy. Leveraging the most sophisticated new energy data sets in the world, BNEF synthesises proprietary data into astute narratives that frame the financial, economic and policy implications of emerging energy technologies. Bloomberg New Energy Finance is powered by Bloomberg’s global network of 19,000 employees in 192 locations, reporting 5,000 news stories a day.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of its service. Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of 200 experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers to navigate change in an evolving energy economy.
Image: Courtesy of Vestas Wind Systems A/S
