The US is by far the largest market for Denmark's Vestas. This has been true for nine out of the past 10 years and with installations totaling approximately 7 GW over the past two years, the trend only looks set to grow. Over the first three months of the year, Vestas delivered 672 MW which is 12.5 percent more than during the former best Q1.
The great start to 2017 is largely due to a unique market situation. Last year, developers could gain access to a full tax discount via the PTC scheme by placing a small part of the financing order before Jan. 1 on projects set to be operational within four years. This led to a minor boom in component orders which are among the projects now being executed.
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