• Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News

    China Propels Wind Sector To Set Q2 Peak For Turbine Orders

    Largest Waste-To-Energy Plant In The World Is 85% Complete

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EU To Act To Reduce Liquidity Stresses In Energy Markets

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Global Coal-Fired Electricity Making Hits New Peak In 2021

    Australian Greens Want To Shut State Coal Facilities By 2030

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News

    China Propels Wind Sector To Set Q2 Peak For Turbine Orders

    Largest Waste-To-Energy Plant In The World Is 85% Complete

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EU To Act To Reduce Liquidity Stresses In Energy Markets

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Global Coal-Fired Electricity Making Hits New Peak In 2021

    Australian Greens Want To Shut State Coal Facilities By 2030

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

China Propels Wind Sector To Set Q2 Peak For Turbine Orders

in News, Wind Energy

Strong market activity in China helped the wind market set a record in the second quarter of the year, increasing the order intake for wind turbines to 43 gigawatts (GW).

According to Wood Mackenzie, this marked a 36% year-over-year increase to a projected $18.1 billion. 35GW of the 43GW came from China. The market has added 45GW so far this year, falling 10GW shy of its goal to install a median of 55GW annually over the next ten years.

According to Luke Lewandowski, research director at Wood Mackenzie, Goldwind, Mingyang, and Envision were all quite engaged in Q2 with projects in China, contributing to more than 26GW of development between them. China has risen to the top due to government assistance and rapid technology adoption.

With 61GW ordered globally over the course of the first two quarters, the wind market is likewise witnessing record-breaking activity. This is an increase of 13% from the first half of 2021.

While the US continues to be slow, with slightly less than 2GW in the first half, Europe also doubled its order inflow to 3.8GW during the quarter. China is booming, and Europe is also showing strength. Demand has been weakest in the US. This is a result of the challenging market conditions, including rising labour costs, inflation, and supply chain interruptions. As a result, it has been challenging for OEMs relying on the market, particularly those situated in the West, to secure fresh orders in the US. However, Wood Mackenzie expects business to increase in the second part of the year as a result of the IRA bill’s passage in the US. With the help of these new incentives, wind power plants are now more competitive with other technologies due to their increased economic viability. The wind turbine industry may be in store for a historic year if Chinese wind turbine purchases proceed at their current rate and US intake activity heats up.

Previous Post

Largest Waste-To-Energy Plant In The World Is 85% Complete

Related Posts

News

Largest Waste-To-Energy Plant In The World Is 85% Complete

September 14, 2022
United Kingdom Onshore Wind Generation Has Now Reached 37GW
News

United Kingdom Onshore Wind Generation Has Now Reached 37GW

September 13, 2022
Energy Industry Employment Reach Pre-Pandemic Levels- IEA
News

Energy Industry Employment Reach Pre-Pandemic Levels- IEA

September 13, 2022
Germany Prepares for Hybrid War as Russia Cuts Gas to Europe
News

EU To Act To Reduce Liquidity Stresses In Energy Markets

September 10, 2022
China Leads The Offshore Wind Assessment For HY1 22 By WHO
News

China Leads The Offshore Wind Assessment For HY1 22 By WHO

September 9, 2022
Biden Backs Offshore Wind. But The Market Is State-Driven
News

Biden Backs Offshore Wind. But The Market Is State-Driven

September 9, 2022

LatestNews

News

China Propels Wind Sector To Set Q2 Peak For Turbine Orders

September 16, 2022
News

Largest Waste-To-Energy Plant In The World Is 85% Complete

September 14, 2022
United Kingdom Onshore Wind Generation Has Now Reached 37GW
News

United Kingdom Onshore Wind Generation Has Now Reached 37GW

September 13, 2022
Energy Industry Employment Reach Pre-Pandemic Levels- IEA
News

Energy Industry Employment Reach Pre-Pandemic Levels- IEA

September 13, 2022
Germany Prepares for Hybrid War as Russia Cuts Gas to Europe
News

EU To Act To Reduce Liquidity Stresses In Energy Markets

September 10, 2022
China Leads The Offshore Wind Assessment For HY1 22 By WHO
News

China Leads The Offshore Wind Assessment For HY1 22 By WHO

September 9, 2022
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In