Vestas Enhances Global Onshore Wind Market Share to 22% in 2018: BNEF

Denmark’s Vestas Wind Systems A/S has augmented its global onshore wind market share to 22% in 2018 from 16% in 2017 by commissioning 10.1 GW of turbines in the previous year.

Statistics by Bloomberg NEF (BNEF) show that Vestas topped the 2018 ranking for onshore wind turbine commissioning and it was followed by China’s Xinjiang Goldwind Science & Tech Co Ltd with 6.7 GW, General Electric Co with 5 GW and Siemens Gamesa Renewable Energy SA with 4.1 GW. These four companies accounted for more than half, or 57%, of the machines deployed over the 12-month period.

In general, developers globally commissioned about 45.4 GW of onshore wind turbines in 2018 for a 3% Y-O-Y decrease. This includes 11.7 GW in the Americas, 8.5 GW in Europe and 1 GW in Africa and the Middle East, with 24.2 GW in Asia.

David Hostert, Head of Wind Research at BNEF, called it “a bit of a mixed picture”. There were also 4.3 GW of offshore wind turbines commissioned in 2018, including 1.7 GW in China. This puts the largely wind figure slightly lower than that of 2017.

“Now it is time for the manufacturers to buckle up for two stormy years ahead: we predict demand for around 60 GW of onshore capacity in both 2019 and 2020 with increases in all regions. However, a lot of this impressive-sounding volume rides on extremely competitive pricing, add-on products and services, and new financing models,” he further.