Wind turbine intake hits new record in Q1
The intake reached 23.5GW of activity, Wood Mackenzie reported.
The global wind turbine intake in the first quarter of the year hit a new record with a 27% increase to 23.5 gigawatts, Wood Mackenzie reported.
This was driven by China which accounted for 15.2GW during the quarter. This is followed by Latin America with a record growth of 1.7GW and the US with 1.8GW, which is more than double the 0.8GW recorded in the same quarter last year.
“China continues to be the overwhelming driver of global activity,” Luke Lewandowski, Wood Mackenzie Research Director, said.
“We do not see that slowing down anytime soon. What is encouraging is seeing certain areas outside of China start to build momentum. Latin America had a record Q1, thanks to activity in Argentina and Brazil, and the US is seeing renewed confidence and order growth, partially in thanks to the Inflation Reduction Act.”
In total, global orders hit an estimated $15.2b, up $3b year-on-year.