The Spanish wind converter supplier consolidates its world number one rank with leadership in key wind energy growth markets and a 10 GW addition in just two years
Ingeteam, an independent supplier of electrical conversion equipment, has announced today that it surpassed the milestone of 40 GW of installed wind power capacity worldwide thanks to record sales of its converter product lines. This significant achievement underpins the growth the company experienced in its core markets, with an addition of an impressive 10 GW globally in just two years.
Earlier this year, the company landed the world’s top spot among independent suppliers of wind power converters, after setting a new record year for its converter deliveries in 2016. To date, a total of 40,175 MW of wind turbines have been equipped with Ingeteam’s technology, strengthening its position as world’s leading independent supplier of wind power converters.
This performance is largely due to Ingeteam’s establishment of a leadership position in Brazil and India, two of the world’s largest emerging wind energy markets. Over the last two years, the company has respectively supplied 1,878 MW in India and 1,240 MW in Brazil. “We owe our success to our consistent ability to meet customers’ expectation for high-quality, reliable and field-proven equipment at affordable prices,” commented Ana Goyen, Managing Director of Ingeteam’s Wind Business Unit.
“Although both the Indian and Brazilian wind markets have slowed down in 2017 due to regulatory and commercial issues, we have no doubt that they will pick up again and continue with the positive overall growth trend they have set over the past few years. The fundamentals of growth are there and they remain key areas of investment for Ingeteam in the long run,” she continued.
In addition to power converters, Ingeteam also provides turbine controllers, Condition Monitoring Systems (CMS), Smart SCADA management systems and O&M services for wind turbines up to 15 MW for onshore and offshore applications worldwide.
Ingeteam, an independent supplier of electrical conversion equipment, offers power converters, turbine controllers, CMS, Smart SCADA management systems and O&M services for wind turbines up to 15 MW for onshore and offshore applications. The company is committed to investing in technology and innovation as the drivers of future growth. Since 1995, more than 25,000 wind power converters have been commissioned with Ingeteam’s technology, accounting for 40 GW of installed wind power capacity worldwide and an 8% market share. The company is the world’s number one supplier of wind power converters and its global footprint includes manufacturing facilities in Europe, Asia, North and South America, and sales and service centers strategically located all over the world. In 2016, 5% of net sales was invested in R&D, the backbone of Ingeteam’s business activity.