[ad_1]
Chinese wind turbine orders set a new record in 2023 by reaching 100 gigawatts (GW), according to new research from Wood Mackenzie.
The global research group’s “China Wind Turbine Order Ranking Analysis 2023” report noted that installations didn’t move as quickly despite the colossal pipeline. Only half of 2022 orders had been completed by the end of 2023.
Chinese wind turbine manufacturer Goldwind led the pack and returned to the No. 1 spot after two years with 17.7% of order intake.
Shanghai-based Envision Energy was No. 2, with 17.4%. It also secured the most overseas wind turbine orders, with 4.1 GW.
Mingyang ranked No. 3 with 16.1% of order intake. It continues to be the top supplier of offshore wind turbines.
Wood Mackenzie’s report noted that China’s highly competitive wind turbine manufacturing environment brought down turbine prices last year to a new low. As a result, turbine manufacturers saw a drop in profits.
Read more: The world’s longest onshore wind turbine blade makes its debut
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*
FTC: We use income earning auto affiliate links. More.
[ad_2]
Source link