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Home » Uncategorized » New orders slip at Senvion
Onshore Wind

New orders slip at Senvion

SaraBy SaraJanuary 10, 20192 Mins Read
Senvion books Japanese tour

Senvion has announced its turbine order intake for 2018 fell, though capacity increased, compared with 2017.

Orders reached €1.52bn in 2018, down on the 2017 figure, which was €1.78bn.

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However, total order intake by capacity grew to 2011MW in 2018, an increase of 16% year-on-year, including 31% growth year-on-year recorded in onshore order intake growth by capacity.

In addition to the firm order intake, Senvion also recorded over 500MW of conditional orders in the fourth quarter.

Many orders for last year came in the fourth quarter 2018, with Senvion securing €514 million in that period, which is 146% higher than the order intake recorded in the third quarter of 2018.

The 2018 combined order intake from new markets amounted €1024 million, 67% of the total turbine order intake for the company.

In addition, Senvion booked several large-scale conditional contracts in key growth markets across Latin America, India and Australia and re-entered Spain and the US with more than 500MW conditional orders in those two markets alone.

In India the company’s order book stood at over 1GW of which nearly 75% is already booked as firm.

The company also signed a 340MW conditional order in Chile in December, for its newly launched 4.2 turbine series.

Installations picked up in the fourth quarter 2018, reaching 458MW.

Even with some installation delays in Latin America and Australia, the figure is 36% higher than the third quarter.

As a result, the total installations in 2018 reached about 1.1GW.

Senvion executive director and chief sales officer David Hardy said: “We are glad to confirm that order intake and installations have shown a strong pick-up in the fourth quarter 2018.

“It has been a challenging year and we are proud that Senvion could prove its operations are capable of successfully managing that high level of installations – we have built-up a solid basis for the execution of the growing order book for 2019.”

Senvion will report its full annual results on 14 March 2019.

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