Chinese Manufacturers Lead Global Wind Turbine Installations
Mainland China accounted for six of the top 10 turbine makers worldwide. The top four spots were filled by companies from mainland China alone for the first time since BNEF
Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world's top manufacturers of both onshore and offshore wind power equipment. Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023.
Vestas, which held the third spot until 2023, has slipped to fifth place. However, the Danish multinational remains the leading wind turbine provider outside China, with 10.2 GW installed. Siemens Gamesa stands out from eighth place as the top offshore wind turbine supplier.
In offshore wind, Siemens Gamesa reclaimed its title as the top turbine supplier, surpassing Vestas and its Chinese peers for the first time since 2020. The Europe-based manufacturer provided machines for almost three-quarters of offshore wind farms outside of mainland China last year.
The report said Chinese turbine makers last year commissioned 1.7 GW of wind projects in 20 foreign markets, including in five member states of the European Union. Chinese companies are expanding their presence in part due to offering better prices for turbines compared to other countries.
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