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    New partnership aims to reduce the risks posed by dry bulk cargoes

    St. Lawrence Seaway resumes traffic as grounded vessel is refloated

    War risks insurance to be offered for vessels in the Black Sea

    War risks insurance to be offered for vessels in the Black Sea

    canada shipwreck

    Ghana imposes strict PSC and fines over MARPOL violations

    American club

    RMI: Failed bursting discs in carbon dioxide fire-extinguishing systems

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    thinking out of the box

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    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    aidaprima biofuel

    Russia removes ban on high-sulfer and bunker fuel exports

    QatarEnergy, HHI to construct 17 ultra-modern LNG carriers

    QatarEnergy, HHI to construct 17 ultra-modern LNG carriers

    ABS and Asiatic Lloyd Maritime LLP to explore methanol fuel system conversion

    ABS and Asiatic Lloyd Maritime LLP to explore methanol fuel system conversion

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    Two Swedish companies collaborate on hydrogen fuel use

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    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

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    Irish forces found huge quantity of drugs on board ship

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    Gard Club: Industry needs to mature and learn from incidents and human errors

    Gard Club: Industry needs to mature and learn from incidents and human errors

    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

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    Seafarer Stories: Capt. Cristian Bacanu, Master

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SAFETY4SEA

Global wind turbine order intake sees 111% rise

by The Editorial Team
September 4, 2019
in Offshore
offshore wind solicitation

Above image is used for illustration purposes only

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Global wind turbine order intake increased 111% year-on-year (YoY), overtaking the previous record set in Q4 2018 by 13.2GW, according to energy consultant Wood Mackenzie.

According to a new report from Wood Mackenzie, entitled ‘Global Wind Turbine Order Analysis: Q3 2019’, developers globally ordered a record 31GW of wind turbine capacity in Q2 2019.

Demand in China and the US contributed to a total of 79GW ordered over the last four quarters, despite a decrease of 41% YoY in Europe during Q2.

China and the US enjoyed top quarters for capacity ordered, as developers rushed to procure turbines with sufficient time to commission projects before 2020 subsidy deadlines in both countries.

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Developers in China ordered more than 17GW in Q2 2019, a 267% uptick YoY compared to Q2 2018. 71% of firm order capacity was secured in the Northern region’s onshore wind market in Q2 2019. The order volume for five major developers in China exceeded 1GW last quarter. The record quarter in China included more than 3GW of offshore capacity, nearly 2GW more than in Q2 2018 and a 800MW increase on the previous quarterly record in the country (Q1 2019). This added to a backlog of nearly 12.5GW,

…said Luke Lewandowski, Wood Mackenzie Director of Americas Power & Renewables Research.

Meanwhile, order intake in the 4.0-4.99MW segment increased for the fifth consecutive quarter, exploding to more than 9GW of orders.

China, the US and Brazil continued to lead the way in this ratings segment, with 91% of capacity orders coming from these countries, noted Mr. Lewandowski.

Turbine pricing increased in several markets due to strong demand and larger, newer, more expensive models hitting the market.

Pricing in the US and China increased due to strong demand, as order books continue to fill up in preparation for 2020 installations. Turbine prices in India have remained unchanged QoQ as developers push back against aggressive auction price ceilings set by the government, however the US dollar has gained 4% in value against the Indian rupee since July 2019. This makes Indian turbine prices lower in USD. Newer models in the market and demand for larger turbines in Brazil caused pricing quotes to rise,

…concluded Mr. Lewandowski.

In the first quarter of 2019, global wind turbine order intake rose 7% year-on-year, also surpassing the last record which was achieved in the first quarter of 2018 for capacity in the quarter by 875MW.

 

See also:

  • New AI engine to detect blade damage of wind turbines
  • Port of Rotterdam inks for Sif expansion at Maasvlakte
Tags: Chinaoffshore windrenewable energyUS
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