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Windtech International July August 2024 issue

 

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Strong activity in China pushed global wind turbine order intake to 43GW in quarter two of 2022, up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.
 
In Q2 alone, China accounted for a record 35GW of activity and is at 45GW year-to-date. Europe showed growth for order intake with 3.8GW, doubling its Q1 activity. Order intake activity in the US remained slow, with less than 2 GW through H1. 
 
The global order intake for offshore wind exceeded 6GW in Q2 of this year. Developers in the Chinese market galvanised the largest ever H1 firm order book for the offshore wind sector, comprising 74% global offshore order capacity. Offshore order intake in China has now increased consecutively for three quarters, following a nearly year-long lull.
 
Seven Chinese turbine OEMs – with Envision, Mingyang, and Goldwind in the first three positions – recorded enough firm order capacity to rank in the global top 10 for order intake through the first half of 2022.
 
Buoyed by China, global activity is on a record pace through the first two quarters of 2022, with 61 GW ordered. This is 13% higher than H1 2021.
 
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