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Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie. As noted in the Wood Mackenzie report, 'Global Wind Turbine Order Analysis: Q3 2019', developers globally ordered a record 31GW of wind turbine capacity in Q2 2019.
Demand in China and the USA contributed to a total of 79GW ordered over the last four quarters, despite a decrease of 41% YoY in Europe during Q2. China and the US enjoyed top quarters for capacity ordered as developers rushed to procure turbines with sufficient time to commission projects before 2020 subsidy deadlines in both countries. Vestas won the largest share of order capacity for the fifth straight quarter, enjoying the best quarter for an OEM in any year. Order intake in the 4.0-4.99MW segment increased for the fifth consecutive quarter, growing to more than 9GW of orders. Turbine pricing increased in several markets due to strong demand and larger, newer, more expensive models hitting the market.
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