Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Germany

Germany

Enercon installations up, gross performance dips

GERMANY: Turbine manufacturer Enercon installed 3,832MW of new capacity globally in 2016, 23% up on 2015's 3,121MW, and has thereby "overcome the 2015 dip," said managing director Hans-Dieter Kettwig.

Enercon is 'over the dip' according to managing director Hans Dieter-Kettwig
Enercon is 'over the dip' according to managing director Hans Dieter-Kettwig

However, the firm's gross performance appears to have dipped. This reached roughly €5 billion in 2016, according to Kettwig, some 4.6% down on gross performance of €5.24 billion in 2015.

Gross performance is revenue plus inventories of unfinished products and projects in progress and other internally capitalised activity. In 2014 and 2015, Enercon revenue was 9-10% lower than gross performance.

Speaking at the Hannover Messe trade fair on 27 April, Kettwig forecast gross performance of roughly €5.5 billion for 2017, with installations expected to reach up to 4GW, slightly higher than 2014's €5.4 billion when installations reached 3,957MW.

Enercon has not disclosed 2016 revenue or net profit. In 2015, its profit margin was 9% down from 10% in 2014. For 2015, the company reported a net profit of €435 million on revenue of €4.79 billion, after a net profit €490 million on revenue of €4.9 billion in 2014.

In 2016, Enercon accounted for 6.6% of the global 54GW installed onshore and offshore, the company said.

By the end of March 2017, Enercon had installed a cumulated 27,000 wind turbines totalling 44.7GW worldwide.

Enercon forecasts a cumulative total of around 48GW by the end of 2017, and 60-65GW by the end of 2020.

"Staying at this level alone is a good achievement. Growth over the period will be internal," said Kettwig.

Enercon's portfolio includes 800MW of own wind capacity, but also includes wind capacity owned by competing turbine manufacturers, and a small amount of solar capacity, Kettwig added.

After renewed detailed consideration undertaken in 2016, Enercon decided against becoming active in the US and offshore wind sectors, Kettwig said.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs