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Global wind turbine order intake sets Q1 record, increases 27% YOY

From woodmac.com

Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie. Activity was driven by a new Q1 record set in China (15.2 GW), record Q1 growth in Latin America (1.7 GW) and the U.S. jumping to 1.8 GW of activity, more than doubling its 0.8 GW in Q1 2022 and surpassing its H1 2022 total. In total, global orders hit an estimated $15.2 billion, up $3B YOY. “China continues to be the overwhelming driver of global activity,” said Luke Lewandowski, Wood Mackenzie Research Director. “We do not see that slowing ... (full story)

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  • Category: Fundamental Analysis