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Global Wind Market Update –

Demand & Supply 2017

Part One – Supply Side Analysis

April 2018

Preface

3

Preface

This is the fourth edition of the annual Global Wind Market Update – Demand & Supply report published by FTI Consulting, Inc., a global business

advisory firm dedicated to helping organisations protect and enhance enterprise value. This report is part of FTI Intelligence's clean energy research

service. This service is a series of data-driven market intelligence publications evaluating competitive markets, policy, finance, technology and business

models across the energy spectrum.

The Global Wind Market Update – Demand & Supply 2017 is authored by members of the FTI-CL Energy practice, a cross-practice team of energy

experts from FTI Consulting including experts from its subsidiary, Compass Lexecon. This report will be released in two parts starting with the Supply Side

Analysis 2017, followed by Demand Side Analysis 2017. The final report includes more than 60 tables and figures charting the evolution of global wind

power markets and provides market development forecasts for 2018–2027.

Acknowledgements

FTI Consulting would like to thank the following group of companies and associations who provided the data to support this annual publication:

Supply Side Analysis: A special thank you to all of the wind turbine manufacturers who have sold wind turbines with rated capacities of at least 200 kW

per unit. Without their valued support, supply side insight would be difficult to obtain, particularly with regard to data collection for provision of market

status overviews, market and supplier rankings, market segmentation, global market share by turbine technology and wind turbine manufacturer

ranking by technology.

Cover illustrations

The five photos are collected from the world's top five wind turbine suppliers in 2017.

Top left, turbine copyright ©Vestas Wind Systems A/S; Top right, turbine copyright ©SiemensGamesa; Bottom right, turbine copyright© Goldwind

Science and Technology Co., Ltd.; Bottom centre, turbine copyright ©GE Renewable Energy, Bottom left, turbine copyright ©Enercon.

Published by FTI Consulting LLP

Copyright © FTI Consulting, Inc., 2018

Preface

Contacts

Feng Zhao

Senior Director

[email protected]

Gl.Kongevej, 1

Copenhagen 1630

Denmark

phone +45 3342 2658

fax +45 3342 2648

Aris Karcanias

Co-Lead of Clean Energy Practice

[email protected]

Robert Clover

Managing Director

[email protected]

Gokhul Ramakrishnan

Consultant

[email protected]

200 Aldersgate

Aldersgate Street

London, EC1A 4HD

United Kingdom

phone +44 20 3727 1000

fax +44 20 3727 1007

Chris LeWand


[email protected]

1001 17th Street, Suite 1100

Denver, CO 80202

United States

phone +1 303 689 8800

fax +1 303 689 8803

4

The right of Feng Zhao, Aris Karcanias, Robert Clover, Chris LeWand and Gokhul Ramakrishnan to be identified as the authors of this work has been asserted in accordance

with the Copyright, Designs and Patents Act 1988.

Editorial of this report closed on 05 April 2018.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical,

photocopying, recording or otherwise, without the prior permission of the publishers. Requests for permission should be directed to [email protected].

Part One –

Supply Side Analysis 2017

Overview of Key Findings – Supply Side

6

SUMMARY OF GLOBAL WIND MARKET DEVELOPMENT IN 2017 - SUPPLY SIDE

Number of suppliers

and number of wind

turbines they installed

in 2017

46 wind turbine suppliers (of which 19 are from China)

21,691 units (Asia Pacific – 54.3%, Europe – 25.9%, North America – 13.1%, Latin America – 5.8%, Africa and Middle East – 0.9%)

Top 15 wind turbine

suppliers by deliveries

in 2017

Top five wind turbine

suppliers in each of five

world regions in 2017

Europe

#1 SiemensGamesa (25.99%)

#2 Vestas (22.07%)

#3 Enercon (18.62%)

#4 Senvion (10.89%)

#5 Nordex Acciona (8.50%)

Asia Pacific

#1 Goldwind (22.04%)

#2 Envision (12.30%)

#3 Mingyang (9.97%)


#5 Suzlon (5.49%)

North America

#1 Vestas (39.88%)


#3 GE Renewable (22.19%)


#5 Senvion (0.75%)

Latin America



#3 Vestas (22.15%)


#5 Enercon (6.33%)

Africa & Middle East


#2 Vestas (30.35%)


#4 United Power (5.69%)


Source: FTI Intelligence, April 2018

Overview of Key Findings (Continued)

7 Source: FTI Intelligence, April 2018

SUMMARY OF GLOBAL WIND MARKET DEVELOPMENT IN 2017- SUPPLY SIDE

Top 10 onshore wind turbine

suppliers in 2017

#1 Vestas (17.3%)


#3 Goldwind (11.3%)


#5 Enercon (7.4%)

#6 Envision (6.3%)


#8 Mingyang (5.2%)

#9 Senvion (3.2%)

#10 Suzlon (2.9%)

Top 10 offshore wind turbine

suppliers in 2017


#2 MHI Vestas (22.8%)

#3 Sewind (11.2%)

#4 Senvion (8.4%)

#5 Goldwind(4.0%)

#6 Envision (3.8%)

#7 CSIC Haizhuang (2.0%)

#8 Mingyang ( 0.6%)

#9 United Power (0.3%)

#10 Taiyuan Heavy Industry (0.2%)

Top 10 wind turbine models

by number delivered in 2017

#1 Goldwind GW115-2.0

#2 Vestas V110-2.0

#3 SiemensGamesa G114-2.1

#4 GE 2.3-116

#5 Mingyang MY121-2.0

#6 Envision EN115-2.2

#7 Goldwind GW121-2.5

#8 SiemensGamesa G114-2.0

#9 Suzlon S97-2.1

#10 Enercon E117-3.0

Figure 1-1: Estimated wind turbine project development timeline

(land-based wind turbines)


Figure 1-2:

High-level review of FTI Intelligence’s supply side model inputs


Table 1-1:

Top 15 wind turbine suppliers ranking in 2017

10

Rank Supplier Cumulative MW

2016

Supplied MW

2017

Cumulative MW

to end 2017

Annual share

2017

1 Vestas 82,874 8,712 ¹ 91,586 16.7%

2 SiemensGamesa 75,529 8,654² 84,183 16.6%

3 Goldwind 38,087 5,499 43,586 10.5%

4 GE Renewable 60,449 3,971 64,420 7.6%

5 Enercon 44,134 3,455 47,589 6.6%

6 Envision 8,907 3,153 12,060 6.0%

7 Nordex Acciona 21,754 2,699 24,453 5.2%

8 Mingyang 12,132 2,462 14,594 4.7%

9 Senvion 15,446 1,955 17,401 3.7%

10 Suzlon 15,165 1,357 16,522 2.6%

11 United Power 16,577 1,332 17,909 2.6%

12 CSIC Haizhuang 7,168 1,207 8,375 2.3%

13 Sewind 9,007 1,115 10,122 2.1%

14 XEMC 8,282 948 9,230 1.8%

15 Dongfang 11,948 836 12,784 1.6%

Others 74,813 4,795 79,608 9.2%

Global totals 502,272 52,150 ³ 554,422 100%


Note: 1. Vestas’ new installations in 2017 include 50% of the new installations from MHI Vestas, which is a joint venture between Vestas Wind Systems A/S

50% and Mitsubishi Heavy Industries (MHI) 50%. However, MHI Vestas is presented separately in turbine OEMs rankings in the regional and national levels.

2. SiemensGamesa’s new installations in 2017 includes the installation capacity from Adwen, the Gamesa and Areva offshore wind joint venture

taken over by Gamesa in 2016;

3. Partial repowering with increased rotor diameters and the replacement of major components is categorized separately from new installed capacity

in 2017. GE Renewable and SiemensGamesa’s partial repowering activities in the US are reported separately on slide # 23.

Figure 1-3:

Top 15 wind turbine suppliers in annual global market in 2017


According to supply side reports, 21,691 wind turbines were

installed globally in 2017 with a combined capacity of 52,150

MW. The 21,691 wind turbines recorded in 2017 were

produced by 46 wind turbine manufacturers in 2017.

Vestas held the title as the world’s largest turbine supplier in

2017, due to the Danish supplier’s wide geographic

diversification strategy and strong performance in the US.

SiemensGamesa ranked second in 2017, primarily due to the

recent merger between Siemens Wind Power and Gamesa, its

strong position in the offshore sector and India and improved

position in the United States.

Chinese supplier Goldwind remains in third position in 2017,

despite the annual installation in China decreasing another 15

percent in 2017.

GE fell two positions to 4th place, particularly due to the loss in

its home market, where Vestas overtook it as the No. 1 supplier

for the second year in a row.

Enercon and Nordex Acciona retain 5th and 7th place

respectively by taking advantage of strong domestic market

growth in Germany, where more than 6.5 GW were installed in

2017, making it a record year.

Chinese suppliers Envision and Mingyang moved up three and

two positions to 6th and 8th respectively, largely attributable to

their better performance in their home market.

Senvion returned to the top 10 turbine supplier ranking in 2017

by taking advantage of strong home market growth in Germany.

Chinese suppliers United Power, CSIC Haizhuang, Sewind,

Dongfang and XEMC remained in the top 15, but all of them lost

market share in 2017, due to the slow down of Chinese wind

market.

Source: FTI Intelligence, March 2017

Table 1-2:

Fact sheet of top 15 wind turbine suppliers in 2017

12

Top 15 wind

suppliers

Change in

annual

market

share

between

2016-2017

Cumulative

market

share (%)

at end of

2017

Ranking in

cumulative

capacity

installed

Number

of

markets

supplied

in 2017

Number

of

turbines

supplied

In 2017

Main

market in

2017

Most sold

model in

2017

Offshore

wind

installation

in 2017

Vestas 0.9% 16.5% 1 30 3,275 US V100-2.0 Yes

SiemensGamesa 3.4% 15.2% 2 35 3,079 UK G114-2.1 Yes

Goldwind -1.1% 7.9% 5 7 2,676 China GW115-2.0 Yes

GE Renewable -4.5% 11.6% 3 17 1,626 US GE116-2.3 No

Enercon -0.1% 8.6% 4 20 1,386 Germany E115-3.0 No

Envision 2.5% 2.2% 13 3 1,366 China EN115-2.2 Yes

Nordex Acciona 0.4% 4.4% 6 16 1,932 US AW125-3.0 No

Mingyang 1.3% 2.6% 11 1 1,177 China MY121-2.0 Yes

Senvion 1.2% 3.1% 8 14 652 Germany 3.4M114 Yes

Suzlon 0.6% 3.0% 9 1 646 India S97-2.1 No

United Power -1.2% 3.2% 7 2 677 China UP96-2.0 Yes

CSIC Haizhuang -0.9% 1.5% 16 2 564 China HZ120-2.0 Yes

Sewind -0.9% 1.8% 14 1 410 China SE130-4.0 Yes

XEMC -0.4% 1.7% 15 3 469 China XE96-2.0 No

Dongfang -0.6% 2.3% 12 2 379 China DF121-2.5 Yes

SiemensGamesa increased its global market share in

2017 more than any other company, followed by

Chinese suppliers, Envision and Mingyang.

Western OEMs continue to hold the market lead for

the largest volume of cumulative installed wind

capacity. Vestas and SiemensGamesa are the world's

top two suppliers of total wind capacity to date,

followed by GE Renewable and Enercon.

By the numbers of wind turbines installed in 2017,

Vestas leads the ranking followed by SiemensGamesa,

Goldwind, GE and Enercon, in that order.

SiemensGamesa replaced Vestas as the most

globalised supplier in 2017 and it has a wide

geographic spread of turbine installations in 35

countries for 2017. Enercon also installed turbines in

20 countries last year.

Among the eight Chinese suppliers in the top 15,

Goldwind, Envision, United Power, CSIC Haizhuang,

XEMC and Dongfang installed 260 turbines, totalling

514 MW, outside China in 2017.

Of the top 15 wind turbine suppliers, 10 installed

offshore wind turbines last year, accounting for 97.1%

of new offshore wind installations in 2017.


Note: Chinese Sinovel did not have a new installation in 2017, but it is placed 10th by the cumulative installation as the end of 2017.

Table 1-3: Top five wind turbine suppliers

delivering to the 10 largest global markets in 2017


Rank Market #1 #2 #3 #4 #5 New MW

installed

1 China Goldwind (26%) Envision (15%) Mingyang (12%) United Power (7%) CSIC Haizhuang

(6%) 19,832

2 Germany Enercon (30%) Vestas (19%) SiemensGamesa

(18%) Senvion (14%)

Nordex Acciona

(11%) 6,764

3 US Vestas (39%) SiemensGamesa

(25%)

GE Renewable

(23%)

Nordex Acciona

(12%) Goldwind (0.5%) 6,290

4 UK SiemensGamesa

(46%) MHI Vestas (24%) Vestas (12%) Senvion (8%) Enercon (5%) 4,239

5 India Suzlon (37%) SiemensGamesa

(27%) Inox (14%)

GE Renewable

(8%)

Regen Power Tech

(7%) 3,668

6 Brazil GE Renewable

(35%)

SiemensGamesa

(22%) Vestas (20%) Enercon (8%)

Nordex Acciona

(8%) 2,188

7 France Vestas (32%) Enercon (30%) Senvion (13%) Nordex Acciona

(10%)

SiemensGamesa

(9%) 1,787

8 Turkey SiemensGamesa

(28%)

Nordex Acciona

(26%)

GE Renewable

(24%) Vestas (15%) Enercon (5%) 883

9 Ireland SiemensGamesa

(51%)

Nordex Acciona

(22%) Vestas (17%) Enercon (6%)

GE Renewable

(2%) 649

10 Finland Vestas (62%) Nordex Acciona

(21%)

SiemensGamesa

(15%) Enercon (1%) - 474

Total top 10

markets 46,774

Figure 1-4:

Top 10 wind turbine suppliers in Europe in 2017

14

Europe had a record year in new installations, with more

than 5,500 single wind turbines recorded as installed from

the supply side.

Danish and German turbine manufacturers continue to

dominate in Europe in 2017 with more than 93% market

share.

SiemensGamesa replaced Danish company Vestas as the

European market leader in 2017, primarily due to the recent

merger between Siemens Wind Power and Gamesa.

German Enercon fell one position to 3rd place, although it

remained as the market leader in Germany in 2017.

Senvion replaced Nordex Accciona as the 4th supplier in

Europe in 2017, as Europe accounted for more 95% of

Senvion’s new installations in 2017.

American GE Renewable’s market share declined by 1.4%

from 7.6% in 2016, but considering the large orders that GE

recently won in Spain and Turkey, FTI Intelligence believes

GE will increase its market share in Europe next year.

Chinese companies Envision, XEMC, Goldwind also installed

turbines in this region in 2017 despite the volume, totalling

71 MW, being very low.


VESTAS 22.07%

ENERCON 18.62%

SIEMENSGAMESA 25.99%

NORDEX ACCIONA 8.50%

MHI VESTAS 6.92%

GE RENEWABLE 6.21%

SENVION 10.89%

VENSYS 0.27%

ENVISION 0.27%

EWT 0.09%

OTHERS 0.18%

Top 10 wind turbine suppliersin Europe in 2017

Figure 1-5:

Top 10 wind turbine suppliers in Asia Pacific in 2017

15

As the home for the world's largest wind turbine

manufacturing base, Asia Pacific saw 11,787 wind turbines

installed during 2017, 54% of the global total for the year.

The Asia Pacific market has been dominated by Chinese wind

turbine suppliers since 2008 when the establishment of a

local Chinese wind supply chain was completed.

In 2017, 19 local Chinese suppliers installed wind turbines in

China, three less than the previous year. The former Chinese

champion Sinovel did not have new installation in 2017.

SiemensGamesa and Suzlon are the only two non-Chinese

OEMs among the top 10 active in the region in 2017.

Japan has only two local suppliers that installed turbines in

2017, of which Hitachi is the largest local supplier.

South Korea has four suppliers, Doosan, Unison, Hanjin and

Hyundai, which installed turbines last year.

SiemensGamesa, GE Renewable and Goldwind are the three

key suppliers in Australia in 2017.


GOLDWIND 22.04%

SIEMENSGAMESA 6.11%

ENVISION 12.30%

MINGYANG 9.97%

UNITED POWER 5.30%

CSIC HAIZHUANG 4.89%

SEWIND 4.52%

WINDEY 3.34%

XEMC 3.77%

SUZLON5.49%

OTHERS 22.28%

Top 10 wind turbine suppliersin Asia Pacific in 2017

Figure 1-6:

Top wind turbine suppliers in North America in 2017

16

FTI Intelligence recorded 6,763 MW (2,850 wind turbines)

installed in North America (the US and Canada) in 2017, of

which 70% was installed in the United States.

Vestas, GE Renewable and SiemensGamesa continue to

dominate the North American market with more than 87% of

market share in 2017.

Vestas replaced GE Renewable as the largest supplier in this

region in 2017, primarily due to Vestas having had better

performance in the US last year.

SiemensGamesa moved up one position to second in 2017,

chiefly due to its improved position in the US.

GE Renewable fell two positions to 3rd place, particularly due to

the loss of share in its home market, where Vestas overtook it as

the leading supplier for the second year in a row.

Nordex Acciona’s market share in this region increased by 10%

in 2017, making it the fourth largest wind turbine supplier in

North America.

Germany’s Senvion remains consistent in 2017 with the same

position from 2016, but another German supplier Enercon

dropped to #7 in 2017 from #6 in 2016.

Chinese turbine supplier Goldwind has continued to export wind

turbines to the US in 2017 with more to follow in 2018.


Figure 1-7:

Top 10 wind turbine suppliers in Latin America in 2017

17

Across Latin America, 1,253 wind turbines were installed

during 2017 with 77% installed in Brazil.

GE Renewable returns to the top spot in this region in 2017

primarily due to its strong foothold in Brazil.

Ranked as #2, SiemensGamesa lost 2% of its market share in

this region from 2016. All the turbine models installed by

SiemensGamesa in this region in 2017 are from Gamesa.

Vestas installed turbines in six countries in this region, more

than anyone else, but it fell to 3rd place in 2017 from 2nd in

2016.

Nordex Acciona retains 4th place although the company’s

market share in this region declined 3.7% from 2016. All of

the 114 wind turbines installed by Nordex Acciona in this

region in 2017 are Acciona machines.

Enercon increased its market share by 4.5% in Latin America

in 2017, making it the fifth largest supplier in this region.

Local supplier WEG remains as #6 supplier in Latin America in

2017, despite its market share increasing by 1.7% from 2016.

Chinese Envision and Goldwind reported new installations in

Mexico and Chile respectively in 2017.


SIEMENSGAMESA 25.48%

VESTAS 22.15%

GE RENEWABLE 26.57%


GOLDWIND 0.60%

WEG 4.55%

ENVISION 2.41%

ENERCON 6.33%

Top 10 wind turbine suppliers in Latin America in 2017

Figure 1-8:

Top wind turbine suppliers in Africa and the Middle East in 2017

18

Of the 173 wind turbines installed in Africa and the Middle

East in 2017, 92 were located in Egypt, 45 in Morocco, 26 in

South Africa, 8 in Jordan and 2 in Saudi Arabia.

SiemensGamesa was the market leader in Africa and the

Middle East in 2017 with more than 50% market share.

Out of SiemensGamesa’s 211 MW installation in this region,

87% is located in Egypt, followed by Jordan and Morocco in

that order.

Vestas moved up one position to 2nd in this region in 2017.

The Danish supplier reported a 120 MW installation in

Morocco.

Nordex Acciona installed 11 wind turbines in South Africa in

2017, making it the third largest supplier in this region.

United Power, GE Renewable and XEMC ranked #4, #5 and #6

in this region in 2017, relying on their new installations in

South Africa, Saudi Arabia and Morocco respectively.


SIEMENSGAMESA53.34%

VESTAS 30.35%

XEMC 1.01%


UNITED POWER 5.69%

GE RENEWABLE 1.39%

Top 10 wind turbine suppliers in Africa and the Middle East in 2017

Figure 1-9:

Annual onshore wind turbine suppliers in 2017

19

The global top 12 wind turbine suppliers remained

unchanged in 2017 when offshore wind is discounted

from capacity installation.

Without taking into account offshore wind turbine

installation, SiemensGamesa retains second place in

2017. However, the situation was different in 2016 when

Siemens slipped from 6th place to 10th without counting

offshore wind.

Chinese XEMC, Dongfang and Windey moved up one

position to #13, #14 and #15, as without counting

offshore wind, Chinese Sewind dropped from #13 to #

17 in 2017.


VESTAS8,114 MW (17.3%)

SIEMENSGAMESA6,205 MW (13.2%)

GOLDWIND 5,291 MW (11.3%)

GE RENEWABLE3,971 MW (8.5%)

ENERCON3,455 MW (7.4%)

ENVISION 2,953 MW (6.3%)

NORDEX ACCIONA2,699 MW (5.8%)

MINGYANG2,432 MW (5.2%)

SENVION1,512 MW (3.2%)

SUZLON1,357 MW (2.9%)

UNITED POWER1,317 MW (2.8%%)

CSIC HAIZHUANG1,102 MW (2.3%)

XEMC948 MW (2.0%)

DONGFANG 831 MW (1.8%)

WINDEY 824 MW (1.8%) OTHERS3,885 MW (8.3%)

Annual onshore wind turbine suppliers in 2017

Figure 1-10:

Annual onshore wind turbine suppliers in 2017 (excludes China)

20

When excluding China from onshore wind capacity

installations in 2017, the supplier ranking changes

dramatically.

While Vestas and SiemensGamesa remain the world's top

two suppliers outside of China, the positioning of the

remaining suppliers has changed. GE Renewable and

Enercon move up one position each to become #3 and #4

in the supplier ranking, in that order.

Nordex Acciona moved up two positions to fifth place while

Senvion and Suzlon moved up three positions each to #6

and #7 in the supplier ranking.

Aside from Goldwind, ranked as #9, none of the Chinese

suppliers installed sufficient new wind capacity in the

overseas market for any to be included in the top 10

global onshore suppliers (excluding China).

Once China is excluded from onshore wind installations,

Indian supplier INOX and Regen Power Tech moved up to

the top 10 onshore suppliers list as the #8 and #10

suppliers.


Figure 1-11:

Top offshore wind turbine suppliers’ annual installed capacity 2017

21

Offshore wind bounced back in 2017 with a record year

achieved in both Europe and China.

12 manufacturers installed 970 units of offshore wind

turbines, totalling 5,255 MW, in 2017. The average size of

new installed offshore wind turbines has passed the

milestone of 5,000 kW.

SiemensGamesa maintained its market leadership in 2017

with a 46.6% share of the global offshore wind market,

bringing 452 of its offshore wind turbines online in Germany,

the UK, Finland, Denmark and Taiwan with a combined

capacity of 2,449 MW.

MHI Vestas replaced Chinese Sewind as the second largest

offshore wind turbine supplier in 2017. The majority of its

new installations in 2017 are located in the UK.

Sewind accounted for more than half of the new offshore

wind installations in China in 2017, making it the world’s

third largest offshore turbine supplier.

Senvion takes the #4 spot, as it installed 72 units of its

6M126-6.15 MW turbine in Germany in 2017.

Companies ranked 5th to 10th in 2017 are all from China,

as the country surpassed the 1 GW installation milestone

last year.

Note: SiemensGamesa’s new installation in 2017 includes the 350MW offshore wind capacity from Adwen.


SIEMENSGAMESA2,449 MW (46.6%)

SEWIND588 MW (11.2%)

ENVISION200 MW (3.8%)

SENVION443 MW (8.4%)

GOLDWIND 211 MW (4.0%)

CSIC HAIZHUANG105 MW (2.0%)

MINGYANG30 MW (0.6%)

UNITED POWER 15 MW (0.3%)

TAIYUAN HEAVY INDUSTRY

10 MW (0.2%)

OTHERS10 MW 0.2%

Top 10 offshore wind turbine suppliers' annual installed capacity in 2017

MHI VESTAS1,197 MW (22.8%)

Figure 1-12: Top 10 offshore wind turbine

suppliers’ cumulative capacity to end 2017

22

SiemensGamesa remained the global leader in terms of

cumulative installed offshore wind capacity, followed by

MHI Vestas, the joint venture between Danish supplier,

Vestas and Japanese MHI.

Siemens and MHI Vestas together have supplied more

than 76.2% of the total offshore wind capacity installed up

to the end of 2017.

With 7.7% share of cumulative installed offshore wind

capacity, Chinese Sewind retains its position as the 3rd

largest offshore wind turbine supplier in 2017.

Senvion remains in 4th position in 2017 despite its

market share in cumulative terms increasing by 0.7%

compared from 2016.

German BARD moved up one position to the 5th place in

2017. However, FTI Intelligence believes it will be replaced

by a Chinese supplier next year.

Chinese Envision, Goldwind, Sinovel and CSIC Haizhuang

took the #6, #7,#8 and #9 positions respectively.

Winwind retains the 10th position with 60 MW installed by

end of 2017, of which 30 MW was decommissioned in

2016.

Note: MHI-Vestas and SiemensGamesa’s cumulative offshore wind installation includes Vestas and

Adwen (Areva)'s historical offshore installations.


SIEMENS GAMESA

11,440 MW (59.3%)

MHI-VESTAS3,264 MW

(16.9%)

SEWIND1,484 MW (7.7%)

SENVION1,253 MW (6.5%)

CSIC HAIZHUANG115 MW (0.6%)

BARD405 MW (2.1%)

ENVISION381 MW (2.0%)

GOLDWIND376 MW (1.9%)

SINOVEL161 MW (0.8%)

WINWIND60 MW (0.4%)

OTHERS355 MW (1.8%)

Top 10 offshore wind turbine suppliers' cumulative capacity to end 2017

Partial Repowering with current models by units in 2017

GE 1.6-87563 units (42.8%)

GE 1.5-77198 units (16.1%)

SWT-2.3-108109 units (8.9%)

GE 1.6SLe 25 units (2.0%)

GE 1.5SLe172 units (14.0%)

GE 1.5-87100 units (8.1%)

GE 1.5-7799 units (8.0%)

Figure 1-13:

Partial Repowering in the US in 2017

23

Partial repowering activity is accelerating in the United

States. Driven by the PTC requalification rule covered by

the 2016 Internal Revenue Service’s PTC clarification,

the wind industry saw a combined 1,996 MW of partial

repowerings in the United States in 2017, of which

1,745 MW (87%) were completed by GE Renewable.

In total, 1,229 units of wind turbines were completed in

2017 with partial repowerings, exclusively on the

following three models: GE1.5-70.5, GE1.5-77 and SWT-

2.3-93.

SiemensGamesa performed partial repowerings by

replacing its SWT-2.3-93 model with SWT-2.3-108.

GE Renewable performed partial repowerings by using six

different models, most notably its 1.6-87 model (42.8%),

to replace the GE1.5-70.5 and GE1.5-77models.

For partial repowering, at least the tower and foundation

are retained. Therefore, it is excluded from the completed

new wind project installation in this report.

Partial Repowering market share by MW in 2017

SiemensGamesa250.7 MW (13%)

GE Renewable1745.0 MW (87%)


Table 1-4:

Global installed wind turbine units overview in 2017

24

Region New turbines installed 2017 (units)

Asia 11,497

Europe 5,596

North America 2,850

Latin America 1,253

Africa 163

OECD Pacific 290

Transition Economies 32

Middle East 10

Total Fleet 21,691


In 2017, 21,691 new wind turbines were installed

globally, which is 17% less than in 2016. This is primarily

due to the drop of annual wind power installation in China

and the US in 2017. However, newly installed turbines

increased in Europe, Transition Economies and Middle

East compared with 2016.

Of the 21,691 new turbines installed last year, 53% are

located in Asia, 26% in Europe and 19% in the Americas.

Table 1-5:

Global wind turbine decommissioning in 2017

25

Country Decommissioned

units 2017

Decommissioned

MW 2017

Germany 387 482

Denmark 162 91

Japan 8 5

Finland 3 3

Taiwan 1 2

Total 561 551

561 units of wind turbines were decommissioned in

2017, totalling 551 MW, which is 13.7% greater than in

2016.

Reports of the decommissioning of older turbines are

growing, but this trend is mainly an issue in European

countries at the moment.

Germany continues to take the lead in terms of wind

turbine decommissioning. More than 69% of the

decommissioned wind turbines in 2017 are located in

Germany, followed by Denmark (29%).


Table 1-6:

New turbine units installed in top 20 markets in 2017

26

Rank Country

New

turbines

installed

2017

Rank Country

New

turbines

installed

2017

1 China 9,395 11 Australia 144

2 US 2,697 12 Finland 142

3 Germany 2,073 13 Belgium 136

4 India 1,898 14 Greece 128

5 UK 1,126 15 Mexico 110

6 Brazil 972 16 Norway 107

7 France 752 17 Denmark 105

8 Turkey 318 18 Japan 99

9 Ireland 229 19 Pakistan 92

10 Canada 153 20 Egypt 92

The top 20 markets accounted for 95.7% of new wind

turbines installed in 2017, the same market share as

2016.

China installed 9,395 units of new wind turbines in

2017 which account for 45.2% of the global market

share.

The United States followed China with a 13.0% share of

the market and Germany trailing in third place with

10.0% of the market share.


2,251

3,091

2,111

3,4083,263

1,933

2,376

2,991

3,764

2,332 2,404

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Ave

rage

Win

d T

urb

ine

Siz

e (

kW)

Figure 1-14:

Average size of new installed wind turbines by country in 2017

27

The upward trend in wind turbine size continues with the

average rated capacity of new turbines installed in 2017

surpassing 2,400 kW, 11.3 % (or 244 kW) higher than

in 2016.

In most of the world’s established markets, the average

size of new turbines is greater than 2.0 MW. In 2017,

The U.K became the first country where the average size

of new installed turbines has passed the milestone of

3,500 kW.

In 2017, the average size of newly installed wind

turbines in India is still below 2.0 MW, but China finally

passed the 2.0 MW threshold.


Figure 1-15:

Average size of new installed wind turbines by global region in 2017

28

Newly installed wind turbines in Europe tend to be

bigger than those installed in the Americas, Asia Pacific

and Africa. The record offshore wind installations in

Europe in 2017 makes the region’s average size of new

installed turbines pass the milestone of 3,000 kW.

Other (the rest of world including Middle East and CIS

countries) has an average turbine size of 2.8 MW, as

nearly half of the 42 new wind turbines installed in this

region last year being machines greater than 3.0 MW.

3,091

2,373 2,318

2,095 2,293

2,805

-

500

1,000

1,500

2,000

2,500

3,000

3,500

Ave

rage

Win

d T

urb

ine

Siz

e (

kW

)


Table 1-7: Breakdown of sizes of wind turbine by rated capacity

installed in 2017

29

Product (Size range) Units MW Share 2017

WTGs 0-499 kW¹ 18 5 0.01%

WTGs 500-749 kW 17 10 0.02%

WTGs 750-999 kW 240 197 0.38%

WTGs 1000-1300 kW 2 2 0.00%

WTGs 1301-1499 kW - - -

WTGs 1500 kW 1,112 1,668 3.20%

WTGs 1501-1999 kW 289 512 0.98%

WTGs 2000 kW 8,413 16,826 32.26%

WTGs 2001-2499 kW 4,900 10,846 20.80%

WTGs 2500 kW 1,515 3,788 7.26%

WTGs 2501-2999 kW 424 1,159 2.22%

WTGs 3000 kW 1,332 3,996 7.66%

WTGs 3001-3599 kW 2,504 8,282 15.88%

WTGs 3600-3999 kW 39 141 0.27%

WTGs 4000-5000 kW 443 1,885 3.61%

WTGs 5001-6000 kW 286 1,716 3.29%

WTGs >6000 kW 157 1,118 2.14%

Total 21,691 52,150 100.00%

The average size of installed wind turbines continues to

grow. Installation of 2.0 MW turbines and turbines in the

2,001-2,500 kW size range are the major contributors

to this trend.

Turbines in the 2,000-2,500 kW size range accounted

for 60.3% of total global turbine supply in 2017, making

wind turbines in this size range the year's mainstream

product.

The market share of wind turbines with power ratings

less than 1,500 kW was 0.4% in 2017, the same level

as 2016.

The market share of turbines in the 3,000-3,599 kW

size range increased by 5.9% compared to 2016.

The market share of turbines with power ratings greater

than 5,000 kW is 5.4% in 2017, 4.1% greater than

2016.

Table 1-7 shows 2017’s top five suppliers in each of the

ranges of wind turbine size classes.


Note: 1. This size range only covers wind turbines with rated capacities of at least 200 kW per unit.

Table 1-8:

Top five suppliers in different wind turbine size classes in 2017

30

Source: FTI Intelligence, March 2017

Product (Size range) Rank in 2017

1 2 3 4 5

WTGs 0-499 kW¹ Shriram Enercon EWT - -

WTGs 500-749 kW RRB Energy Pioneer EWT - -

WTGs 750-999 kW Enercon SiemensGamesa Wind World India EWT -

WTGs 1000-1300 kW Leitwind - - - -

WTGs 1301-1499 kW - - - - -

WTGs 1500 kW Goldwind CCWE Regen Power Tech CSR Windey

WTGs 1501-1999 kW GE Renewable Vestas Envision Hyundai -

WTGs 2000 kW Goldwind Vestas Mingyang SiemensGamesa United Power

WTGs 2001-2499 kW Envision SiemensGamesa GE Renewable Enercon Suzlon

WTGs 2500 kW Goldwind Envision Dongfang GE Renewable Nordex Acciona

WTGs 2501-2999 kW GE Renewable SiemensGamesa Goldwind - -

WTGs 3000 kW Enercon Nordex Acciona SiemensGamesa Mingyang Vestas

WTGs 3001-3599 kW Vestas SiemensGamesa Senvion Nordex Acciona MHI Vestas

WTGs 3600-3999 kW Nordex Acciona SiemensGamesa Senvion - -

WTGs 4000-5000 kW SiemensGamesa Sewind Enercon Envision CSIC Haizhuang

WTGs 5001-6000 kW SiemensGamesa - - - -

WTGs >6000 kW MHI Vestas Senvion SiemensGamesa Enercon Goldwind


Note: 1. This size range only covers wind turbines with rated capacities of at least 200 kW per unit.

Figure 1-16: Top five suppliers by MW in the

1,500 – 1,999 kW size range in 2017

31

Chinese wind turbine supplier Goldwind continues to the lead in the size range of 1,500-1,999 kW in 2017, followed by

American supplier GE Renewable and Chinese CCWE.


29.2%

13.0%

12.5%

11.7%

7.7%

636

284 272

255

167

0

100

200

300

400

500

600

700

Goldwind GE Renewable CCWE Regen Power Tech Vestas

To

tal S

up

plie

d in

20

17

(M

W)

29.2%

13.0%

12.5%

11.7%

7.7%

15.3%

7.1%

12.2%

11.1%

9.1%


2,000 – 2,500 kW size range in 2017

32

Chinese wind turbine manufacturer, Goldwind was the leading supplier in the size range of 2,000-2,500 kW in 2017, a

position held by Gamesa in 2016.


4,799

3,840

3,503

2,869

2,245

0

1,000

2,000

3,000

4,000

5,000

6,000

Goldwind SiemensGamesa Vestas Envision GE Renewable

To

tal S

up

plie

d in

20

17

(M

W)

12.2%

11.1%

9.1%

7.1%

15.3%

33.0%

9.6%

16.9%

14.5%

10.7%


2,501 – 3,599 kW size range in 2017

33

Danish wind turbine supplier, Vestas had the majority share in the 2,501-3,599 kW size range in 2017, followed by

SiemensGamesa and Nordex Acciona.


33.0%

4,440

2,270

1,947

1,443 1,287

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Vestas SiemensGamesa Nordex Acciona GE Renewable Enercon

To

tal S

up

pli

ed

in

20

17

(M

W)

14.5%

10.7%

16.9%

9.6%

33.0%

754

588

256

200

105

0

100

200

300

400

500

600

700

800

SiemensGamesa Sewind Enercon Envision CSIC Haizhuang

To

tal S

up

pli

ed

in

20

17

(M

W)

37.2%

5.2%

29.0%

12.6%

9.9%


3,600 – 5,000 kW size range in 2017

34

SiemensGamesa was the leader in the size range of 3,600-5,000 kW in 2017, followed by Chinese supplier, Sewind, which

was the leader in Chinese offshore wind market. The Chinese company has the 4.0 MW offshore wind turbine license from

Siemens (now SiemensGamesa).


1,745

632

443

8 6

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

SiemensGamesa MHI Vestas Senvion Enercon Goldwind

To

tal S

up

pli

ed

in

20

17

(M

W)

61.6%

0.2%

22.3%

15.6%

0.3%

Figure 1-20: Top five suppliers by MW of wind turbines greater than

5,000 kW in 2017

35

Wind turbine supplier, SiemensGamesa held the majority market share in the size range of greater than 5,000 kW in 2017

as the company installed 360 units of wind turbine ≥5,000 kW in the offshore sector last year.


Table 1-9:

Global market share by turbine technology in 2017

36 1) Electrically excited synchronous generator; 2 ) Permanent magnet generator


Turbine

technology

Conventional

drive

Hybrid

drive

Direct drive Hydraulic drive

EESG1 DD PMG2 DD Full hydraulic Hybrid

hydraulic

Global

Market Share 68.8% 2.9% 6.8% 21.6% - -

The conventional high-speed geared system has been the mainstay of wind turbine technology since

the industry’s earliest days, but 2017 saw its market share dropped to 68.8% from 73.9% in 2016.

The market share of direct drive wind turbine increased from 25.4% in 2016 to 28.4% in 2017,

primarily due to 43% of wind turbines installed by SiemensGamesa in 2017 being direct drive.

Following SiemensGamesa’s “One Segment/One Technology” strategy announced in November 2017,

the company decided to drop its direct drive (“DD”) solution for its onshore turbine. The decision to

replace the DD onshore turbine with a three-stage geared system is likely to increase the market share

of conventional high-speed geared systems, as Siemens’ onshore wind DD turbine accounted for 24%

of its total installation, totalling 2,130 MW, in 2017.

The market share of hybrid drive wind turbines (medium-speed turbines) increased by 2.1% compared

with 2016, primarily due to the installation of V164-8.0 MW turbine by MHI Vestas in the offshore

sector.

No hydraulic drive turbines were installed in 2017.

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwitvoGths3JAhWDiiwKHW6sCccQjRwIBw&url=http://www.windpowerengineering.com/design/mechanical/hello-seaangel-hydraulic-drive-train-could-provide-7-mw-offshore-turbine/&psig=AFQjCNERSOFJuQUEDe3DG5A1rsEL1psTPw&ust=1449690891496240

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjH8qTHhs3JAhUFiCwKHfScDZMQjRwIBw&url=http://www.windpowerengineering.com/design/a-turbine-that-supports-the-grid/&psig=AFQjCNEZcq8Pf53EyXCbs8m2QOaETXcXPg&ust=1449691161026567

Table 1-10:

Wind turbine manufacturer ranking by technology in 2017

37

Turbine

technology

Conventional

drive

Hybrid

drive

Direct drive Hydraulic drive

EESG DD PMG DD Full

hydraulic

Hybrid

hydraulic

Position Turbine manufacturer

1 Vestas MHI Vestas Enercon Goldwind - -

2 SiemensGamesa SiemensGamesa China Energine SiemensGame

sa -

3 GE Renewable Mingyang Wind World India XEMC - -

4 Envision Zhongren Energy EWT Dongfang - -

5 Nordex Acciona Unison - Regen

Powertech - -

Vestas, SiemensGamesa and GE Renewable were the top three suppliers of conventional wind turbines in

2017, followed by Envision and Nordex Acciona.

Six suppliers installed the hybrid drive wind turbine in 2017, the top three being MHI Vestas,

SiemensGamesa (Adwen models and Gamesa G128/132) and Mingyang. China’s Zhongren Energy joined

this group for the first time.

Enercon leads the EESG DD category followed by China Energine. China’s Goldwind maintained its position

as the world's largest PMG DD generator supplier, with nearly 50% of the market for this technology

category. SiemensGamesa remains the second largest PMG DD supplier in 2017, followed by China’s XEMC

and Dongfang.


Glossary

AD – Accelerated Depreciation

AAGR – Average Annual Growth Rate ( in annual capacity addition)

CAGR – Compound Annual Growth Rate

CEC – Clean Energy Council

CfD – Contract for Difference

CIS – Commonwealth of Independent States

CPP – Clean Power Plan

CWEA – Chinese Wind Energy Association

EMEA – Europe, the Middle East, Africa & the CIS Countries

FiT – Feed-in Tariff

FY – Financial Year

GW – Gigawatt

H2 – Half 2

HVAC – High Voltage Alternating Current

HVDC – High Voltage Direct Current

ITC – Investment Tax Credit

LCR – Local Content Requirements

M&A – Mergers & Acquisitions

MW – Megawatt

NEA – National Energy Administration

OECD – Organisation for Economic Co-operation and Development

OEM – Original Equipment Manufacturer

PTC – Production Tax Credits

Q1 – Quarter 1

REIPPP – Renewable Energy Independent Power Producer Procurement

RES – Renewable Energy Source

RET – Renewable Energy Target

ROC – Renewables Obligation Certificate

RPS – Renewable Portfolio Standards

SIP – State Implementation Plans

TWh – Terawatt Hour

UTE – Usinas y Trasmisiones Electricas

38

39

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