Wind turbine orders up sharply according to Wood Mackenzie study

Wind turbine orders grew significantly in the first half of 2023, reaching a record 69.5 GW and $40.5 billion, driven mainly by North America and China. Siemens Gamesa has climbed to third place among global suppliers thanks to this expansion, while offshore wind power has also played a major role in this trend.

Partagez:

Orders for wind turbines rose sharply in the first half of 2023 compared with the same period of 2022, thanks to a broad rebound in purchases in North America and continued strong volumes in China, according to a study published on Thursday.

Exceptional growth in wind turbine orders in the first half of 2023: Record 69.5 GW and $40.5 billion in purchases

From January to June, orders for wind turbines represented a capacity of 69.5 GW (gigawatts), up 12% on the same period last year, according to research firm Wood Mackenzie. This is a record for the first half of the year, but still less than sales in the second half of 2022. Overall, purchasing volume reached $40.5 billion (€37.3 billion) in the first half.

Purchases outside China “are one of the main drivers” of this increase, with “demand of over 25 GW, representing a year-on-year increase of 47% in the first half of the year”, says the study. North America is driving this increase, with the volume of electrical power (7.7 GW) quadrupling compared to the first half of 2022.

Wind turbine orders booming thanks to US Inflation Reduction Act and Chinese energy policy: Siemens Gamesa climbs to third place among global suppliers

According to the study, this can be explained in part by the Inflation Reduction Act in the United States, the vast program of energy transition and social reforms decided by US President Joe Biden. However, China remains the world’s leading purchaser of wind turbines, with orders totalling 44 GW, stable year-on-year. According to Wood Mackenzie, offshore wind power also plays an important role in this trend, increasing “by 26% year-on-year in the first half of the year to reach a record level of activity of 12 GW and 17% of total order capacity”.

This increase propels the German-Spanish company Siemens Gamesa into third place in terms of ordered power, behind China’s Envision Energy and Windey. Denmark’s Vestas, historically world number one in the sector but now being overtaken by the Chinese giants, is only fifth in this ranking for the first half of 2023.

  • Populaires ​
Prax Group files for insolvency in the UK after losses at Lindsey refinery
Renewable energy: access improving, but financing still insufficient for Africa
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
Alinta Energy launches construction of the first Reeves Plains Energy Hub battery in Australia
TGS wins strategic offshore wind contract in Norway
Energy company TGS has won a major high-resolution geophysical imaging contract for offshore wind site characterization in Norway, strengthening its position in this rapidly growing market.
Iberdrola launches metocean studies for Australian offshore wind farm
Iberdrola Australia secures crucial approval from Australian authorities to begin metocean studies for its 3GW Aurora Green offshore project off the coast of Victoria, marking a decisive stage in its development.
ENGIE launches largest wind farm in Africa and Middle East in Egypt
ENGIE begins full operation of the Red Sea Wind Energy wind farm in Egypt, increasing its capacity to 650 MW, four months ahead of schedule, now powering over one million homes in the region.
Tokyo Gas acquires two wind projects in Finland via its European subsidiary
Tokyo Gas, through TOWII Renewables, a joint venture with EWII, purchases two onshore wind projects developed by Finnish company Puhuri, totalling 74.4 MW, marking its expansion beyond the Danish market.
Germany allocates €450mn to modernise Lower Saxony’s electricity grid
The European Investment Bank grants EWE AG historic €450mn financing for the installation of 2,600 km of underground power lines and the upgrade of over 1,100 substations in Lower Saxony.
Japan and Siemens Gamesa sign strategic offshore wind agreement
Japan’s Ministry of Industry and Siemens Gamesa Renewable Energy launch a strategic partnership to develop local offshore wind supply chains and strengthen the country's industrial competitiveness in this energy sector.
Energiekontor launches new investment in Nartum wind farm in Lower Saxony
Energiekontor AG confirms financial close for the Nartum wind farm, adding 23 megawatts to its owned portfolio and starting the construction phase in the Rotenburg district, Lower Saxony.
Airloom Energy launches strategic wind energy pilot project in the United States
Airloom Energy begins construction of a pilot site in Wyoming to test an innovative turbine aimed at enhancing American energy security in the face of anticipated growth in electricity demand.
Sale of wind farm in Peru: ACCIONA Energía receives 253 million USD
ACCIONA Energía transfers the San Juan de Marcona wind farm to Luz del Sur S.A.A., a major player in Peru's energy sector, for up to USD 253 million, pending necessary regulatory approvals.
Encavis acquires two German wind farms totalling 59 MW from Energiequelle
German operator Encavis AG strengthens its portfolio by acquiring two wind farms in Lower Saxony and Saxony, totalling 59 MW, in a transaction with Energiequelle GmbH, thereby expanding its renewable energy assets.
Ocergy launches 15 MW floating wind turbine pilot project with international partners
Ocergy officially launches an industrial project aiming to install by 2028 a new-generation floating wind turbine of over 15 MW, in partnership with EnBW, Kyuden Mirai, and TEPCO Renewable Power.
France Officially Launches Its First Floating Wind Farm in the Mediterranean
France officially commissions its first floating wind farm, consisting of three turbines with a combined capacity of 25 megawatts, introducing strategic technology in the Mediterranean, vital for national energy goals.
France: Petit Doré wind farm delivers its first Breton megawatt-hours
Inaugurated on 20 June, the five-turbine plant of wpd onshore France feeds 18 MW into the grid and unlocks new tax revenue for four Côtes-d’Armor municipalities.
Statkraft reduces offshore wind investments following strategic review
Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.
Suzlon secures 170.1 MW order from AMPIN for Andhra Pradesh
Suzlon Group receives third consecutive order from AMPIN Energy Transition to supply 170.1 MW of wind turbines for a project in India's Andhra Pradesh state, strengthening their strategic industrial partnership.
Scotland approves major 1GW floating wind project off Aberdeenshire coast
The Muir Mhòr floating wind project secures Aberdeenshire's onshore consent, paving the way for the potential production of one gigawatt of electricity, enough to power up to 1.2 million British homes by the early 2030s.
Iberdrola España signs wind energy contract with Renfe for 3,700 GWh
Iberdrola España and Renfe conclude a virtual power purchase agreement for 370 GWh per year for ten years, strengthening the use of renewable energy in Spanish railway transport.
TotalEnergies awarded 1GW offshore wind concession in the North Sea
TotalEnergies has been awarded a concession in the North Sea enabling the development of a 1GW offshore wind project, reinforcing its strategic presence in Germany.
Global Offshore Wind Capacity: 85 GW Achieved, 100 GW Targeted by 2026
With an annual increase of 14%, global offshore wind capacity now reaches 85.2 gigawatts, driven mainly by China, the United Kingdom, and Germany, while another 27.3 gigawatts are currently under construction.
TotalEnergies launches geotechnical surveys for the Jammerland Bugt wind farm
Seabed exploration begins in Jammerland Bay to validate the placement of sixteen turbines and the cable corridor, the first tangible step before construction of the project led by TotalEnergies and European Energy.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS