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Vestas jumps to spot No1 in U.S. wind market

Staff Writer |
Vestas Wind Systems has leapt to the top of the U.S. wind market, overtaking General Electric in new capacity installed last year.

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Vestas, the world's biggest wind turbine maker, supplied 43 percent of the 8.2 GW of wind power capacity connected to the U.S. power grid last year, the American Wind Energy Association said in a quarterly report.

That was up from 33 percent in 2015 and just 12 percent in 2014.

By contrast, General Electric's market share stood at 42 percent in 2016, down from well over half in 2014, the association said, although GE remains the market leader in terms of overall installed capacity in the United States.

"It is definitely our ambition to at least keep our market share," Vestas Chief Executive Anders Runevad said in an interview.

Wind energy has surpassed hydropower as the biggest source of renewable electricity in the United States, according to the association, helped by tax credits under Barack Obama's administration.

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