Global wind turbine order intake reached a new record of 43 GW in the second quarter of 2022, driven by a record 35 GW of orders in China, Wood Mackenzie said on Tuesday.
Global orders in the period, worth an estimated USD 18.1 billion (EUR 17.8bn), were up 36% from the same quarter last year. In the first half of the year, 61 GW of wind turbines were ordered worldwide, also a record high and up 13% year-over-year, with China accounting for 45 GW of this.
In Europe, order intake in the second quarter doubled from the first quarter to 3.8 GW, while in the US orders remained muted with less than 2 GW in the six months. The analyst firm, however, expects a boost in US activity over the second half of the year after the passage of the Inflation Reduction Act.
“If procurement of wind turbines in China continues at its current pace and intake activity picks up in the US, the wind turbine market could be set for a record year,” said Wood Mackenzie research director Luke Lewandowski.
China also accounted for much of the over 6 GW offshore wind order intake globally in the second quarter.
Chinese manufacturers Xinjiang Goldwind Science & Technology (SHE:002202), Ming Yang Smart Energy Group Ltd (SHA:601615) and Envision Group were very busy with projects in China in the second quarter and together accounted for more than 26 GW of orders, said Lewandowski.
The global top 10 for order intake through the first half of 2022 features seven Chinese turbine original equipment manufacturers (OEMs), led by Envision, Mingyang and Goldwind, the research firm says.
“Rapid technology adoption and government support have catapulted China to this leading position,” Lewandowski commented.
(USD 1 = EUR 0.985)
Choose your newsletter by Renewables Now. Join for free!