Wind turbine leaders: Envision, Mingyang, Goldwind

Q4 2022 Wind turbine orders

China-based Envision, Mingyang and Goldwind are the leaders in the global wind turbine business in terms of orders in 2022, with more than 17 GW each, Wood Mackenzie said.

The size of the wind turbine business in terms of orders has reached 44 GW (+90 percent) in Q4 and 134.6 GW (+30 percent) for 2022, both records.

Annual investment in wind turbine reached $74.2 billion, according to new analysis from Wood Mackenzie.

China accounted for 65 percent of order capacity in Q4 and 70 percent of all order capacity in 2022. This activity was driven by developers positioning to comply with China’s 14th 5-year plan, which highlights green energy development in the Asian nation.
Wind turbine orders in 2022
While China made an outsized impact on global order capacity, order intake outside of China dropped 15 percent to 41 GW, approximately 9 GW off the four-year average for full-year order capacity from 2018 to 2021.

“We’ve seen incredible activity in China, but its soaring numbers have somewhat masked a slowdown from western OEMs, which have been impacted by supply chain challenges and cost increases. This has negatively impacted both new order intake and installation activity outside of China,” said Luke Lewandowski, Wood Mackenzie Research Director.

North America order intake rose 7 percent.

Offshore wind orders reached 19 GW with 80 percent of the activity coming from China.