in News Departments > New & Noteworthy
print the content item

Denmark-based Vestas and U.S.-based General Electric (GE) were tied for the No. 1 ranking among global wind turbine manufacturers last year, according to a new report from Bloomberg New Energy Finance (BNEF). In March, MAKE Consulting named Vestas No. 1 for 2012 and Navigant Research gave the top spot to GE.

BNEF's report says GE and Vestas both accounted for 11.8% of commissioned capacity last year. In 2012, the U.S. experienced a boost in wind power installations as developers rushed to meet the year-end deadline for the production tax credit, thus helping GE meet Vestas at No. 1. In fact, BNEF says, over 96% of GE’s new capacity in 2012 was in the U.S., while the country also accounted for 40% of Vestas' commissioned turbines during the year.

“2012 was a great year for Western manufacturers in terms of adding new capacity, particularly those with large exposure to the U.S. market,” says Justin Wu, head of wind analysis at BNEF. “Unfortunately, this boom was largely based on beating the deadline on an expiring subsidy and not on sustainable growth. As such, 2013 will look very different.”




Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008