Siemens Gamesa achieves record wind energy activity in FY 2019

Siemens Gamesa closes fiscal year 2019 with a record order book of €25.5bn (+12% YoY), as wind power is increasingly recognised as critical to the fight against climate change. The company also strengthen its balance sheet with a net cash position of €863m at the end of FY 2019, up €248m YoY. Siemens Gamesa closed the fiscal year ended September 30 with a record order … Continue reading Siemens Gamesa achieves record wind energy activity in FY 2019

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VESTAS beats Siemens Gamesa in 2018, 10.4 GW installed

In 2018, global installed wind power capacity decreased year-to-year from 52 GW to 50.6 GW, due to increased competition from solar and a transition to more challenging market-based competitive incentives for the wind market. As the industry plateaus in certain countries, some turbine manufacturers are responding to the shifting market dynamics better than others. According to a new report from Navigant Research, Vestas retook the … Continue reading VESTAS beats Siemens Gamesa in 2018, 10.4 GW installed