26 Feb '18, 11am

SGRE moves into second place as Vestas stays top - Windpower Monthly

In its Global Wind Market Update 2017 report, to be released next month, FTI found Vestas kept the number one status it reclaimed in 2016. FTI said the Danish manufacturer had a "wide geographic diversification strategy and strong performance in the US market". The rankings are the first since the merger between Gamesa and Siemens. As a result, the new firm moved up to second from fourth and sixth position respectively last year. FTI said SGRE's strong position in India and in offshore helped bolster its ranking. Chinese giant Goldwind remained in third place after being the world's leader in 2015. Goldwind remains reliant on domestic orders, but FTI noted it lost 15% of the Chinese market in the past 12 months. GE was the biggest loser of the SGRE merger, moving down to fourth place, from second a year ago. However, FTI said the fall was more to do with Vestas taking the ...

Full article: https://www.windpowermonthly.com/article/1458008/sgre-mov...

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