GE Vernova and Vestas rule lackluster US wind turbine market
Manufacturers between them accounted for almost all installations in American market last year, ACP data shows
GE Vernova and Vestas dominated 2024 onshore US wind turbine installations with a combined 96% share, as Siemens Gamesa came away with 4% and Nordex nothing, according to a report by the American Clean Power Association (ACP).
GE Vernova ruled the 3MW and 2MW segments, second and third largest in the market by megawatts, while Vestas grabbed everything in the largest, 4MW and above nameplate-rated turbines. Siemens Gamesa supplied 152MW of 3.1-129 turbines for a repowering project.
In a 3.9GW installation market, the least for any year since 1.1GW in 2013, GE Vernova took 59% of the overall market and Vestas 37%.
ACP linked the sluggish sector performance partly to long interconnection queue wait times and delayed guidance on federal tax credit rules under the previous administration.
GE Vernova’s 3.4-140 model was the most popular turbine installed, followed by its 2.82-127 model, which took 28% and 23% of the market, respectively.
Nordex’s absence in 2024 was notable as its turbines had been installed here since 2017, shortly after its merger with Acciona Windpower.
Before Donald Trump’s election last November, the OEM was positive about growth prospects in the US, announcing it would re-open a mothballed nacelle factory in the state of Iowa.
ACP’s data shows the average hub height for installed turbines last year was 113 metres, up from 100 in 2023, and average rotor diameter was 137 metres versus 133. Average turbine nameplate capacity was unchanged at 3.5MW.
With 155GW of US onshore wind capacity in operation, GE Vernova turbines had a cumulative 46% market share, Vestas 27%, Siemens Gamesa 16%, and Nordex 5%.
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