Senvion announces substantial drop in sales prices

Fourth quarter growth and increased sales in 2018 are overshadowed by an 11.7 percent price decline per megawatt, relative to the year prior. Although, a closer inspection of the figures does also indicate positive signs.

On paper, Senvion went forward in 2018. The German wind turbine manufacturer booked an order intake of 2,011 MW, up 16 percent from the previous year. This laid the foundation for a surge in onshore wind turbine sales, which reached EUR 1.52 billion.

However, this does not include the company's offshore wind division. Senvion has not been too busy in recent years and did not conduct any new sales in 2018. However, it did receive a payment of EUR 306 million for the Trianel Borkum II project in the second quarter of 2017. If included in the equation, total sales last year were 14.5 percent lower than the year before.

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