Wind market grows despite energy crisis

Wind Industry Profile of

Wind market sees 43 GW in global orders in Q2 2022, with China procuring 35 GW

Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie. With ambitious decarbonization targets, China aims to support an estimated average build of more than 55 GW per year over the next 10 years. In Q2 alone, China accounted for a record 35 GW of activity and is at 45 GW year-to-date.  Europe showed growth for order intake with 3.8 GW, doubling its Q1 activity. Order intake activity in the US remained slow, with less than 2 GW through H1.  The global order intake for... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood Mackenzie, Q2, global, order intake, procurement, GW, capacity, China, onshore, Europe, offshore