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WoodMac: Wind turbine orders hit 70 gigawatts in first half of 2023

September 01, 2023

Global wind turbine order intake reached new highs in first half, with 70GW of activity, a 12% increase year-over-year, according to 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 first half.

North America saw orders reach 7.7GW, more than quadrupling first half 2022’s total of 1.9GW, with two offshore orders accounting for 49% of the total.

China overwhelmingly remains the largest market, with 44GW of activity in the period, but demand was flat year-over-year.

In total, orders accounted for $25.3bn in second quarter, and $40.5bn in first half 2023.

“We’ve seen strong demand outside of China this year, which is really encouraging,” said vice president, global renewables research at Wood Mackenzie Luke Lewandowski.

He added: “Supply chain challenges remain, but conditions have improved enough to spark procurement decisions.

[Staff Report]

More: Global turbine orders hit 70GW in H1

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