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POWER UTILITY | Staff Reporter, China
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Global wind turbine demand crash by 45% in Q2

Orders for wind turbines were estimated to be around $16b globally.

The demand for wind turbines around the world fell by 45% in the second quarter of 2020 as compared to last year, according to an analysis by Wood Mackenzie.

Q2 2020 saw more than 17GW of wind turbine capacity ordered globally, which equates to an estimated $16b.

The US and China combined for a nearly 18GW drop in Q2 YoY order capacity. This follows a record 2019 where developers in these regions accumulated a robust backlog ahead of policy changes scheduled for the year ahead.

A wave of offshore demand in the second quarter of this year, located in countries such as the UK, the Netherlands and France, helped to lift overall turbine order capacity despite a drop in the US and China. Global offshore order intake captured 38%, or 6.5 GW, of all Q2 orders, which is an increase of 40% YoY.

Despite this YoY decline, Q2 2020 order intake still represented a solid haul and exceeded Q2 order intake for 2016, 2017 and 2018
 

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