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Vestas retains top position as the largest supplier of wind turbines thanks to its diversification strategy and strong performance

ByAdam Kowalski

Apr 3, 2021

Vestas Wind Systems holds the crown as the most prominent global wind systems supplier in 2020, a position it also claimed in 2019. According to preliminary reports by Global Wind Energy Council (GWEC), the Aarhus-headquartered company beat big players like General Electric (GE) Renewable Energy and Chinese Goldwind due to its increased turbine installations across several markets despite the Covid-19 pandemic.

GWEC Market Intelligence noted that the Danish firm outdid its competitors due to its “wide geographic diversification strategy, with over thirty new installations across the globe. Also, Vesta’s strong performance in the United States, Australia, Brazil, Netherlands, France, Poland, Russia, and Norway gave it an upper hand.

“Our preliminary findings from the supply side confirm that 2020 was an incredible year for the wind industry,” said Feng Zhao, Strategy and Market Intelligence chief at GWEC. American multinational green energy giant GE Renewable took the second position, moving two places up from position four in 2019. The win came mainly due to the firm’s “explosive growth” in the United States and its mighty presence in the Spanish renewable energy space.

GE Renewables is still the number one US-based wind energy supplier two years in a row, despite the delays and work interference by the Coronavirus outbreak. Amid supply chain disruption and project execution delays experienced worldwide in 2020, the firm managed to install more wind energy projects with over 10GW capacity.

Chinese state-owned wind turbine manufacturer, Goldwind, took the third position globally but retained the first position in China. Back at home, the Beijing-based manufacturer-installed more than 12GW of wind energy. Also, the multinational delivered up to 1GW of onshore and offshore wind projects outside China. Although Goldwind is still the king in the Chinese market, two local wind systems suppliers give the 23-year-old firm a run for its market share.

Envision Energy, headquartered in Shanghai, is a wind turbines and energy management software dealer founded in 2007. The private-owned company came fourth in the preliminary findings, moving one position from the fifth spot in 2019. According to GWEC, the firm managed to beat big players in the competitive space by “taking advantage of strong market growth” in China.

Envision installed 10GW wind projects in 2020, setting a new record. “Turbine makers in China and the United States had a track record of new installations, with the majority of them climbing the international turbine original equipment manufacturer (OEM) industry lists. This makes sense as it reflects the situation that the world’s two largest markets; In 2020, China as well as the United States accounted for the lion’s share of global wind installation,” said Zhao.

Spanish Siemens Gamesa made its mark by acquiring the fifth spot, a fall from the second position in 2019. The Biscay-based wind engineering firm installed thirty wind turbines in varying markets in 2020. Despite its fall in position, Siemens Gamesa still holds the crown as the biggest offshore wind turbine supplier globally.

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