Siemens Gamesa overtakes Vestas as top wind equipment manufacturer

Siemens Gamesa Renewable Energy (SGRE) became the world’s top wind equipment manufacturer in 2017, according to international research firm GlobalData.

The Spanish firm managed to overtake Vestas Wind Systems after installing 9.43GW of wind energy over the course of the year. The latter installed 7.52GW in 2017.

Delving further into the data, SGRE’s installation total represented a 26.4% rise on its 2016 figure, compared to a 14% drop in installations for Vestas compared to the previous year.

Goldwind, General Electric (GE) and Enercon completed the top five largest manufacturers in the wind sector.

GlobalData’s research found that these five turbine manufacturers accounted for nearly 58% of total installed capacity in 2017, up almost 7% on the previous year.

Ankit Mathur, practice head for power at GlobalData, said: “The recent merger of Gamesa and Siemens created a strong position in the industry across the onshore and offshore space.

“The competitive advantage of larger size and scale, along with good geographic diversification, provided the necessary push enabling it to claim the top spot.

“As a result of merger synergies, SGRE’s wide product mix, global presence, and strong position in the offshore wind sector should help to safeguard its lead over the closest competitors.”

@RGNonline