Wind turbine orders climb to 69.5GW in first half of 2023 - Wood Mackenzie - Recharge
Wind turbine orders climb to 69.5GW in first half of 2023 - Wood Mackenzie | Recharge
Global orders for wind turbines hit new highs in the first half of 2023 with 69.5GW of intake, up 12% on last year, according to new analysis by global consultancy firm Wood Mackenzie.
China remains overwhelmingly the largest market, with 44GW of orders there in the first half of that year, but demand in that country was flat compared to the same period of 2022, the WoodMac data showed.
The 12% jump was driven by growth in non-Chinese markets, especially in the US.
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.