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Global wind turbine orders have surged to new heights in the first half of the year (H1), with an impressive 69.5 gigawatts (GW) of activity, marking a substantial 12 percent increase compared to the previous year, as per a recent analysis conducted by Wood Mackenzie.
This remarkable growth has been largely fueled by orders originating outside of China, accounting for over 25 GW of order demand—a substantial 47 percent year-over-year increase through H1. Notably, North America has been a significant contributor to this trend, with order volumes reaching 7.7 GW, an astounding quadruple of the 1.9 GW seen in H1 2022. This surge is mainly attributed to two offshore orders, which constitute 49 percent of the total.
China, while still a dominant player, experienced flat demand year-over-year, maintaining its position as the largest market with 44 GW of activity in H1. Despite this, the global order value totaled an impressive US $25.3 billion in the second quarter and a substantial US $40.5 billion in H1 2023.
Luke Lewandowski, Vice President of Global Renewables Research at Wood Mackenzie, highlighted the positive momentum from the Inflation Reduction Act in the United States, noting that this legislative impetus has contributed to motivating order activity beyond China. Offshore order intake also witnessed a significant increase, reaching a record-breaking 12 GW of activity, constituting 17 percent of total order capacity.
Wood Mackenzie’s analysis further revealed that SGRE led the pack in new order capacity during Q2, with its SG 14.X DD turbine pushing it to the forefront in both the onshore and offshore sectors. Goldwind and Windey followed closely in terms of order intake activity for the same period. For the first half of the year, Envision, Windey, and SGRE secured top positions in overall order intake.
