Wind power developers globally ordered a record 31 GW of turbine capacity in Q2/2019, up by 78 percent from the previous record of 17.8 GW set in Q4/2018, according to new research by Wood Mackenzie.
Demand increased as a result of growth in China and the U.S. as developers rushed to procure turbines with sufficient time to commission projects before 2020 subsidy deadlines in both countries, analysts said this week.
A global total of 79 GW has been ordered over the last four quarters, despite a decrease of 41 percent year-over-year in Europe during Q2.
Developers in China ordered more than 17 GW in Q2/2019, a 267 percent uptick year-over-year compared to Q2/2018, Wood Mackenzie said.
Turbine capacity pricing in the U.S. and China also increased due to strong demand as order books continue to fill up in preparation for 2020 installations.