Chinese Wind Turbine Makers Gain at Europe's Cost, Asia Becomes Largest Wind Power Market - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Danish consultancy BTM Consult released data about turbine OEM performance a few months back, which clearly shows the growth of the Chinese OEM’s at the cost of European leaders such as Vestas.

BTM also said Europe lost out to Asia as the largest wind power continent last year. It said Europe had 24.5 percent of all new installations, its lowest level and down from 51 percent five years ago, while Asia accounted for 52.1 percent.

The world’s top wind turbine maker Vestas shed market share in 2011 in a global sector forecast to grow much more weakly in the next five years.

Vestas’s Chinese rivals again grabbed four spots among the world’s top 10 players..

China was by far the biggest single wind turbine market with 17.63 gigawatt (GW) of installations in 2011, BTM said.

Vestas remained world number one though its market share dropped by 1.4 percentage points to 12.9 percent in 2011. China’s Goldwind climbed to number two spot from number four while Sinovel, second-placed last year, fell to seventh. U.S. conglomerate GE kept its No. 3 rank, Spain’s Gamesa rose to fourth spot from eighth, Germany’s Enercon stayed fifth and Germany’s Siemens held on to ninth.

Total installed capacity grew by 41.71 GW to around 241.0 GW, an increase in cumulative installations of 21 percent. Annual growth in installations was 6 percent, BTM said.

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About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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