Global wind turbine orders break a record in Q2

Global wind turbine orders reached 43 gigawatts (GW) in the second quarter of the year, a new record.

According to research conducted by Wood Mackenzie, this figure equates to approximately $18.1 billion.

It also represents a 36% increase in orders year-on-year, driven mainly by activity in China.

With ambitious decarbonization targets, China aims to support an average construction estimated at more than 55 GW per year over the next decade.

In the second quarter alone, the East Asian giant accounted for a record 35 GW of activity, and is at 45 GW so far in 2022.

Order intake in Europe picked up with 3.8 GW of purchases, doubling its activity in the first quarter, while movement in the United States remained slow, with less than 2 GW in the first half.

For only the third time, global offshore wind order intake in the second quarter topped 6 GW.

Chinese market developers galvanized the largest ever first-half firm order backlog for the offshore wind sector, accounting for 74% of capacity.

Offshore order intake in China has now risen consecutively for three quarters, after a nearly year-long lull, Wood Mackenzie said.

Luc Lewandowski, a research director at the consulting group said, “Goldwind, Mingyang and Envision were all very active in the second quarter with projects in China, accounting for over 26MW of activity between them.”

Seven Chinese turbine original equipment manufacturers (OEMs) – with Envision, Mingyang and Goldwind in the top three positions – have registered sufficient firm order capacity to rank in the global top 10 in order intake through first half of 2022.

“Rapid adoption of technology and government support have catapulted China to this leadership position,” Lewandowski added.

Driven by China, global activity is at a record pace in the first two quarters of 2022, with a total of 61 GW ordered.

This is 13% more than the first half of 2021, and it is the highest half on record.

Mr Lewandowski said: “China is booming and we are also seeing strength in Europe. Demand was weak in the United States. This is due to difficult market conditions, such as increases in labor costs, inflation, and supply chain disruptions.

“As a result, it has been difficult to secure new orders in the United States, which has had a negative impact on market-dependent OEMs, primarily Western-based OEMs.

“However, with the passage of the IRA bill in the United States, Wood Mackenzie anticipates a pick-up in activity in the second half of the year.

“Thanks to these new incentives, wind projects have become more economically viable and therefore more competitive compared to conventional technologies.

“If wind turbine supply in China continues at its current rate and admission activity picks up in the United States, the wind turbine market could have a banner year.”

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