Professional Documents
Culture Documents
2017
2 October 2017 by Staff
WORLDWIDE: Vestas cements its number one status,
with Siemens Gamesa moving to number two following
its merger earlier this year.
New onshore models… Vestas launched three 4MW models in June, including
the V136 aimed at markets with noise or height restrictions
We took FTI Consulting figures for 2016 to establish our top ten
table of original equipment manufacturers, singling out new
installations, global cumulative capacity and the number of
markets in which they are currently active for the final order, with
a forward look at order books, product offerings and company
strategy.
However you add up the figures, Vestas is the world's leading
wind-turbine supplier.
The Danish manufacturer, including the MHI Vestas offshore
joint venture, installed more new capacity than any other
company during 2016, has the largest cumulative market share,
and was active in the highest number of global markets.
Goldwind actually sold more turbines over the year — 3,656 to
Vestas' 3,589 — but the average nameplate capacity of its
machines was 1.8MW against the 2.5MW of the Vestas turbines.
The ten manufacturers examined here were responsible for over
43GW of new wind capacity in 2016, representing 76% of the
global market, and amounting to nearly 20,000 turbines.
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3 GE, US
Peter McCabe, CEO of GE’s onshore wind division
The pull of the domestic market remains strong for GE, but the
US turbine maker has been making solid progress of late in a
number of other countries, particularly in the Asia-Pacific region.
In May, GE announced orders of nearly 200MW for two projects
in China. June saw a deal with Mainstream Renewable Power to
install 800MW in Vietnam. Highlights over the summer included
a 153MW contract in Pakistan and a 453MW deal in Australia.
But the big opportunities lie in the US, well into its production tax
credit phase-out boom.
According to Make Consulting's analysis, announced at the
American Wind Energy Association's conference in May, 50GW
of new wind power will be installed in the US by the end of 2020,
plus another 7-8GW in repowering.
GE is aiming for a substantial slice of this market and will play
hard to get it. It is now taking its chief competitor, Vestas, to the
US courts in a patent infringement dispute.
The biggest order of the boom so far was announced in June -
800 2.5MW turbines for the Invenergy-developed 2GW Wind
Catcher project in Oklahoma. Repowering deals include one
worth roughly 500MW with PacifiCorp in Idaho.
GE's venture into offshore waters looks less clear-cut. The 6MW
Haliade turbine, acquired with Alstom, started its commercial
electricity-generating life at Deepwater Wind's 30MW Block
Island site, commissioned in December last year.
Three more turbines are being installed at a demonstration
project in China. Beyond that, there are orders for three French
projects worth 1.5GW, which remain held up in legal disputes,
and 396MW for a German project in the North Sea.
The Haliade's 6MW nameplate capacity and 150-metre rotor
diameter already leave it well behind the MHI Vestas and SGRE
competition, raising doubts over its long-term future.
Those doubts grew in May when it was revealed that the
European Commission (EC) was investigating GE's takeover of
blade maker LM Wind Power, approved by the EC only two
months earlier, on the grounds that GE had initially submitted
"misleading information".
GE allegedly told the EC that it was not planning to develop a
12MW offshore turbine, but European Union regulators had
subsequently found evidence to the contrary. The investigation
continues.
GE has been heavily dependent on its 1.7-1.85MW and 2.0-
2.5MW workhorse platforms for sales. Its 3.2-3.8MW family,
aimed at the European markets, especially Germany, has
struggled to make headway against the competition from Vestas,
Enercon and Nordex, all of which are now working on 4MW-plus
turbines.
GE revealed some details of a new 4.8MW machine with a
record-setting rotor diameter of 158 metres at September's
Husum trade fair. Aimed at lowand medium-wind sites, it will be
available with tower heights ranging from 101 to 161 metres.
Current focus: Making the most of PTC window
Chief concern: Ensuring growth when that window closes
4 GOLDWIND, CHINA
Export drive… Goldwind has been China’s most active OEM in
overseas markets, especially
in the US
Goldwind was the world's leading manufacturer in installed
capacity in 2015, its 7.88GW taking it past Vestas and GE.
But a slowdown in the Chinese market meant it slipped to third in
last year's rankings, and with the creation of Siemens Gamesa
Renewable Energy (SGRE) in April, it falls to fourth.
Goldwind reported a 10% fall in revenue and a 21% drop in pre-
tax profit in the first half of 2017 compared with a year earlier,
compounding fears the slowdown in China may have on its
results.
The company's cumulative installed capacity at the end of 2016
stood at just over 38GW, but only 1.4GW of that is outside
China.
In 2016, it supplied turbines to three markets outside China —
more than any of its domestic rivals — and that looks set to rise
in the coming years.
The shining light in its international arsenal is the Goldwind
Americas subsidiary. Towards the end of last year, the firm won
a 1.87GW deal for developer Viridis Eolia's multi-phase project in
Wyoming. Delivery of the 2.5MW and 3MW turbines is due
between now and 2022.
Elsewhere, over the summer Goldwind signed a memorandum of
understanding with Saudi Arabian government agencies to
research investment opportunities and potential manufacturing
sites.
The company is adding storage to its catalogue. In August,
Goldwind signed a letter of intent with Swedish storage company
SaltX to develop a "solution for wind power with integrated
energy storage". Goldwind plans to join SaltX's thermal energy-
storage technology in a "megawatt-scale system" in Beijing.
Another year like 2015 may be a few years away for Goldwind,
but it has realised to reach those heights again it needs to have
a multi-pronged attack and cannot rely simply on quantity to
secure a market position. It takes innovation and diversity as
well.
Current focus: Diversifying its business
Chief concern: Slowing domestic market
5 ENERCON, GERMANY
Components… Steel tube towers for Enercon turbines are made
at production facilities in Magdeburg, Germany and Malmö,
Sweden
Speaking at the Hannover Messe trade fair in April, Enercon's
managing director, Hans-Dieter Kettwig, forecast gross
performance of roughly €5.5 billion for 2017, with installations
expected to reach up to 4GW. This is an increase from the
3.6GW installed in 2016, as reported by FTI Consulting.
Kettwig's comments offer a rare glimpse of the financial health of
Enercon. Operating as an independent conglomerate of limited-
liability companies, it is immune to the pressures of quarterly
public reporting, unlike its stock-exchange-listed competitors.
Enercon's presence in 26 markets last year was second only to
Vestas, according to the FTI figures, indicative of the work it
does in smaller markets, including Bolivia, Costa Rica, Estonia,
Taiwan and Vietnam. Historically it has steered clear of the US
and China.
Equally notable is that its most popular turbine was the E115-
3MW - all of the other top OEM's biggest-selling models were
2.4MW or smaller.
This year saw Enercon's re-entrance to the Indian market,
following the completion of a decade-long legal dispute with its
former joint-venture partner in the country, now trading as
WindWorld India.
Enercon wants to refurbish 1,200 of its turbines on the
subcontinent and has set about securing non-exclusive
cooperation agreements with independent service providers for
repair and maintenance.
The firm kick-started this year's 4MW onshore revolution with the
launch of its 4.2MW direct-drive turbine towards the end of 2016.
Most of its main rivals have since followed suit, only for Enercon
to completely change tack, revealing its radical new modular
approach for its 3.5MW platform in August.
The company's wide-ranging technology portfolio includes
everything from the smallest EP1 (800-900kW) via the EP2 (2-
2.35MW), EP3 (3.05-3.2MW), EP4 (4.2MW) and ending with the
EP8 (7.58MW).
With the addition of the new modular EP3 3.5MW design,
Enercon acknowledged the shift to auction systems around the
world, which demand performance at a lower cost, particularly in
Germany, where the company is trying to hold on to its position
as market leader even as that market shrinks.
Current focus: New modular-turbine platform
Chief concern: The shift to competitive tendering
10 SUZLON, INDIA
Open hatch… Engineer inspecting a Suzlon turbine in India
India's leading domestic turbine maker only makes to top ten on
the back of its historical record and the future promise of its
domestic market.
It installed 1.14GW in 2016, placing it 16th in FTI's table of
leading wind turbine suppliers. But it lies eighth in terms of
cumulative capacity, with 16.8GW of turbines operating in North
and Latin America, Europe and Australia.
India's ambitious wind targets offer ample opportunities for
growth, not least in repowering, but other manufacturers are
eyeing the market, and Suzlon will have to up its game on the
technological front.
Current focus: Improving market share in India
Chief concern: Depth of competition it now faces
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