During its spate of order announcements at the end of 2018, Vestas announced it has surpassed 12GW of order income for 2018 — a record amount. Overall, the total is expected to exceed 12.9GW for the year.
Vestas has publicly announced the details of 10,735MW of orders over the past 12 months, with a further 2,154MW of orders up to the end of Q3 left without details but recorded in the company's quarterly financial listings.
The complete order total will not be made available until Vestas publishes its annual report on 7 February.
But the early figures show just where the leading onshore OEM is picking up its bookings.
The US was the company's biggest market, claiming over a third of all announced orders — over 3.8GW. The rest of the capacity was spread across at least another 31 markets, worldwide.
Perhaps surprisingly, the second largest market for Vestas last year was Australia, where it claimed just over 1GW of new business, according to orders where details were given.
But orders stretched from the world's biggest market China (291MW) to Panama (66MW).
Vestas upgraded its expectations for its free cash flow in 2018 to approximately €400m, up from €100m previously expected. "The improvement is primarily driven by a strong order intake," Vestas said.
Totals are subject to change, following the release of Vestas' annual report in February.
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