Spain, March 1 -- Ingeteam Power Technology, an independent global supplier of electrical conversion equipment, announced today 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% 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...