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Windtech International January February 2024 issue

 

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The second quarter of 2020 saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated $16 billion, according to new analysis from Wood Mackenzie.
 
As noted in Wood Mackenzie’s research, Q2 2020 global wind turbine order intake decreased 45% when compared with Q2 2019. The US and China combined for a nearly 18 GW drop in Q2 YoY order capacity. This follows a record 2019 where developers in these regions accumulated a backlog ahead of policy changes scheduled for the year ahead.
 
A wave of offshore demand in the second quarter of this year, located in countries such as the UK, the Netherlands and France, helped to lift overall turbine order capacity despite a drop in the US and China. Global offshore order intake captured 38% - or 6.5 GW - of all Q2 orders, which is an increase of 40% YoY.
 
Chinese developers ordered more than 2 GW of offshore turbine capacity for the sixth consecutive quarter, with Envision capturing 66% of Q2 demand in China. SGRE and MHI Vestas each landed more than a gigawatt of orders in Europe for new offshore turbine models rated over 10 MW.
 
Onshore developers continue to seek higher-rated onshore models to maximize site constraints, with SGRE Vestas and Nordex capturing all demand in Q2 for onshore models rated 5 MW or higher.
 
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