Global wind turbine order intake reached new highs in H1, with 69.5GW of activity, a 12 percent increase year-over-year, according to a new analysis from Wood Mackenzie.
A big driver of this activity was orders from outside of China, which saw more than 25GW of order demand for a 47% increase year-over-year through H1. North America saw orders reach 7.7 GW, more than quadrupling H1 2022’s total of 1.9 GW, with two offshore orders accounting for 49% of the total. China overwhelmingly remains the largest market, with 44GW of activity in H1, but demand was flat year-over-year. In total, orders accounted for US $25.3 billion in Q2, and US $40.5 billion in H1 2023.
Supply chain challenges remain, but conditions have improved enough to spark procurement decisions. Momentum from the Inflation Reduction Act in the U.S. has helped to motivate order activity, although increasing clarity and market certainty will drive an even larger volume. China’s intake continues to be incredibly impressive as well, even with activity remaining flat through the first half of the year. Demand in the global offshore market, particularly in the U.S. and Europe, has been one of the main drivers of this growth.
Offshore order intake increased 26% year-over-year in H1 to a record 12 GW of activity and 17% of all order capacity. Quarterly, offshore order capacity was up 48% year-over-year, totaling 9.1 GW.
The surge in offshore activity pushed SGRE to the top spot in new order capacity across both the onshore and offshore sectors (5.9 GW) in Q2 as it set an offshore intake quarterly record with its SG 14.X DD turbine. Goldwind had the second highest amount of total order intake activity in Q2 (4.9 GW), followed by Windey (4.4 GW).
For H1, overall order intake leaders were Envision (9.7 GW), Windey (8.7 GW) and SGRE (8.2 GW).
