Wind Power

03 Sep 2023

Global Wind Orders in the First Half Reached a New High of 69.5 GW

03 Sep 2023  by Evwind   
Global wind turbine order intake reached new highs in H1, with 69.5 gigawatts (GW) of activity, a 12 percent increase year-over-year, according to a new analysis from Wood Mackenzie.
A big driver of this activity was orders from outside of China, which saw more than 25 GW of order demand for a 47% increase year-over-year through H1. North America saw orders reach 7.7 GW, more than quadrupling H1 2022’s total of 1.9 GW, with two offshore orders accounting for 49% of the total. China overwhelmingly remains the largest market, with 44 GW of activity in H1, but demand was flat year-over-year. In total, orders accounted for US $25.3 billion in Q2, and US $40.5 billion in H1 2023.
“We’ve seen strong demand outside of China this year, which is really encouraging,” said Luke Lewandowski, vice president, global renewables research at Wood Mackenzie. “Supply chain challenges remain, but conditions have improved enough to spark procurement decisions. Momentum from the Inflation Reduction Act in the U.S. has helped to motivate order activity, although increasing clarity and market certainty will drive an even larger volume. China’s intake continues to be incredibly impressive as well, even with activity remaining flat through the first half of the year. Demand in the global offshore market, particularly in the U.S. and Europe, has been one of the main drivers of this growth.


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