Nearly 140 Wind Projects Awarded Turbine Contracts in the Second Half of 2015, According to Navigant Research
Siemens and Vestas led turbine orders in total capacity during this time period, report finds
BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research tracks all publicly announced wind turbine orders, with data segmented by region, country, and vendor, between July and December 2015.
"Wind turbine orders tracked in the second half of 2015 show substantial business activity across all top and mid-tier turbine vendors"
In the second half of 2015, more than 12 gigawatts (GW) of capacity was awarded to wind turbine contracts for projects globally. Europe led all regions with just more than five GW of capacity in orders, while North America had just under 2.8 GW, and Asia Pacific had just over two GW. Click to tweet: According to a new report from Navigant Research, in all, nearly 140 projects across 25 countries were awarded turbine contracts between July and December 2015.
"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."
Siemens and Vestas led turbine order vendors in total capacity awarded in the second half of 2015, according to the report. Meanwhile General Electric, Gamesa, and MHI Vestas (the offshore wind joint venture between Vestas and Mitsubishi Heavy Industries) rounded out the top five.
The report, Wind Turbine Order Tracker 1Q16, report tracks all publicly announced wind turbine orders between July and December 2015. The study provides an analysis of orders placed by region, country, and vendor, in addition to a breakdown of the vendor markets of the top countries by capacity. A detailed examination of turbine components such as rotor diameter, turbine rating, and specific power is provided, as well. The report also offers a comparison of the onshore and offshore wind markets. Note that this Tracker excludes orders for the Chinese market due to the opaque state of order reporting in that market. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant's professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant's practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.