The Market’s Picks For Best Wind Turbine Makers

Vestas Holds the Top Spot in Global Wind Turbine Supplier Ranking in 2017; FTI Intelligence Releases Preliminary Findings from Its Global Wind Market Update – Demand & Supply 2017

February 26, 2018 (Nasdaq/Globe Newswire)

“…[Preliminary rankings for the world’s top five wind turbine manufacturers found Denmark’s Vestas to be] the world’s largest supplier of wind turbines in 2017, due to the Danish supplier’s wide geographic diversification strategy and strong performance in the U.S. market…[Global new wind installations dropped 5% in 2017, primarily] due to a slowdown in installations in China. However, Europe installed more than 16 GW last year, representing [a record 16%] growth..[Solar photovoltaic (PV) was] the No. 1 non-hydro renewable energy source for the second year in a row. Global solar PV installations in 2017 reached nearly 100 GW, which is almost double the installations that wind achieved in 2017…Auctions are becoming the norm. 2017 saw auctions occur in more than 15 markets, with more than 20 GW of onshore wind and nearly 5 GW of offshore wind awarded contracts in the past 12 months. However, such transition has caused near-term market volatility, as seen in India and Germany…Mexico’s latest auction set a new world record for onshore wind with the average awarded price of USD$18.68/MWh…” click here for more

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