Source: Institute for Energy Economics and Financial Analysis
Following its routine end-of-quarter order intake flurry, Vestas reached over 4.6GW of new turbine orders during the second quarter of 2019. On top of the 3GW it won in Q1, Vestas is flying ahead of its 2018 total.
In total, Vestas has won a little over 7.61GW of new turbine orders so far in 2019. This total is 40% more than the same period of 2018, when Vestas won 5.44GW on its way to securing 14.2GW across all of 2018.
This means Vestas is already over halfway to last year’s total, in a market where many deals are agreed in the final six months of the year. In 2018, 62% of Vestas’ orders were awarded in the second half of the year.
As with 2018, the U.S. remained the dominant market for Vestas. It secured 11 deals across the first six months of the year totaling 3,072MW ranging from 143MW to a 459MW deal with PacifiCorp.