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

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995