Ingeteam Power Technology recently announced that it contracted over 4GW of wind energy converters globally in 2018. With a total of 45GW installed capacity to date, the company remains the unchallenged number one supplier of wind power converters in the world.
The Ingeteam Group closed the year with a 15 per cent increase in turnover compared to 2017. Ingeteam achieved these strong results despite price pressures on the wind supply chain due to an increasing competition among OEMs, as well as the recent industry slowdown in Brazil and India, two strategic markets for Ingeteam.
“The wind industry as a whole has weathered a challenging period in India and Brazil last year. That impacted our sales a little, but the slowdown has leveled off and we expect orders to rebound strongly this year,” said Ana Goyen, Director of Ingeteam Wind Energy. Going forward, Ingeteam will benefit from the excellent growth outlook of the global wind sector, which becomes competitive with other energy sources in an increasing range of market conditions.