10 Sep '18, 4am

Turbine price crash squeezes OEM revenues by 30% in H1 | Windpower Monthly

Turbine price crash squeezes OEM revenues by 30% in H1 | Windpower Monthly

If financial result season often seems repetitive, this summer’s filings were doubly so, with most of the major wind turbine manufacturers reporting similar themes: orders are up, but revenues are down. Pressure on prices is growing. Income at some of the biggest turbine makers fell on average 30% in the first half of 2018, while the price of onshore turbines fell around 20%. However, most of the OEMs were confident the second half of 2018 and into 2019 would see a return to higher incomes as order books bulge. From January to June 2018, Siemens Gamesa Renewable Energy (SGRE) saw revenue total €4.38 billion, down roughly 25.5% from the same period in 2017 — the first three months of which the companies operated separately. This is despite order intake roughly doubling year-on-year across the two quarters to a total of 5.8GW. SGRE is still facing a number of integration cos...

Full article: https://www.windpowermonthly.com/article/1491363/turbine-...

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