WoodMac: Global Wind Turbine Order Intake Sees 111% Rise
Global wind turbine order intake increased 111% year-on-year, a 13.2GW rise from the previous record set in the fourth quarter of 2018, according to new research by Wood Mackenzie.
The Global Wind Turbine Order Analysis: Q3 2019 report writes that developers globally ordered a record 31GW of wind turbine capacity in the second quarter of the year.
Demand in China and the U.S. contributed to a total of 79GW ordered over the last four quarters, despite a decrease of 41% YoY in Europe during Q2.
According to the report, developers in China ordered more than 17GW in Q2 2019, a 267% uptick YoY compared to Q2 2018.
“The record quarter in China included more than 3GW of offshore capacity, nearly 2GW more than in Q2 2018 and an 800MW increase on the previous quarterly record in the country (Q1 2019). This added to a backlog of nearly 12.5GW,” said Luke Lewandowski, Wood Mackenzie Director of Americas Power & Renewables Research.