Wind Energy Breakbulk & Project Cargo
“ Despite all the challenges , we are optimistic about the future , and after the first nine months , we are well on track to meet our full-year guidance ,” Siemens Energy CEO Christian Bruch said in an Aug . 12 letter to shareholders .
Surging orders
Denmark ’ s Vestas Wind Systems reported a jump in quarterly orders , while Germany ’ s Nordex SE boosted its overall order intake for the first half of the year .
At Vestas , year-over-year wind turbine orders shot up 54 % in the second quarter as the manufacturer ’ s turbine order backlog rose 41 % to $ 30.9 billion . However , quarterly revenues fell 4 % to $ 3.7 billion .
The surge in orders primarily came from onshore development in Europe and Asia-Pacific , as well as a North Sea offshore project with German developer RWE , Vestas CEO Henrik Anderson said during the company ’ s Aug . 14 earnings call . The quarter ’ s largest onshore project was the 577-MW Golden Plains Stage 2 wind farm in Australia .
Vestas will be investing in turbine production in Europe and the US , CFO Hans Smith said during the earnings call . First deliveries of the V236 15-MW offshore wind turbine are scheduled for 2025 . The OEM is also increasing production in the US , Smith said .
At Nordex , which focuses on onshore turbines , order intake increased 27 % year over year for the first half , equaling 3.4 GW of turbine capacity . That came despite a decline in second-quarter orders , according to the company ’ s July 25 earnings report .
“ Despite all the challenges , we are optimistic about the future .”
Between January and June , orders totaled 602 wind turbines for projects in 17 countries , with Germany , South Africa , Lithuania and Turkey among the strongest markets . Revenues for the period increased 16 % year over year to $ 3.6 billion .
“ We continue to expect higher installation run rates during the second half of the year , similar to previous years ,” Nordex Group CEO José Luis Blanco said during the company ’ s earnings call July 25 .
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