26 Mar '13, 2pm

Vestas Vies with GE for Wind Market Lead in Rival Studies

Vestas Vies with GE for Wind Market Lead in Rival Studies

Vestas took 14.6 percent of the market last year, edging out GE with 13.7 percent, Danish researcher Make Consulting said today in a report. GE’s 15.5 percent share beat Vestas on 14 percent, Navigant Consulting Inc.’s BTM Consult unit said today in a study confirming preliminary data released on Feb. 11, when it said Denmark’s Vestas lost its lead after 12 years. Both researchers had Siemens AG in third place. The diverging results show how competitive the wind market has become, with Fairfield, Connecticut-based GE benefiting from a surge in projects in the U.S. market, where developers rushed to take advantage of an expiring tax credit that lawmakers ultimately renewed. BTM said 45 gigawatts of new capacity was added in 2012, with the U.S. installing 13 gigawatts to overtake China as the biggest market. “Competition for the number-one spot went down to the wire” Make sa...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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