​2019 global wind turbine orders off to record-breaking start: WoodMac

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Global wind turbine order intake reached a new record in the first quarter of 2019, led by demand in China and the Americas, according to a new report from Wood Mackenzie Power & Renewables.

Analysts said that order intake increased seven per cent year-over-year in Q1 in a capacity increase of 875MW.

Strong demand from China and the Americas more than offset a nearly 20 percent decrease in firm order capacity year-over-year in EMEARC (Europe, Middle East, Africa, Russia and Caspian), WoodMac said.

“Developers in China, Latin America and North America collectively ordered 3.1GW more capacity YoY in Q1, which boosted a combined 2GW less capacity ordered in Europe, APAC, the Middle East and Africa - where procurement decisions have been impacted by regulatory transitions,” analysts said.

"China’s offshore market yielded a 66% increase YoY in global offshore order capacity, with a record Q1 demand - 1.7GW of firm orders - seen in 2019.

"Five Chinese OEMs each won 300MW+ of offshore orders in China as pressure mounts to comply with provincial grid-connection targets in China for offshore. This resulted in Chinese OEMs accounting for 77% of all offshore capacity ordered globally.”

Meanwhile, offshore intake in Europe decreased 55% YoY in Q1 2019 and consisted primarily of a single 487MW order for a project in Belgium, WoodMac said.

Nonetheless, global offshore order intake exceeded 2GW for just the third time, with more than 10GW ordered from Q1 2018 through Q1 2019.