May 29 | 2019
Offshore Demand to Spur Breakbulk Orders
Global wind turbine order intake reached record levels in the first quarter of the year, indicating growing breakbulk demand, according to research agency Wood Mackenzie Power & Renewables.
The firm reported strong order intake for the first quarter of 2019, with total orders rising 7 percent year-on-year. Record demand in China and the Americas was cited as a key driving force for growth.
"China’s offshore market yielded a 66 percent increase year over year in global offshore order capacity, with a record first quarter demand -– 1.7 gigawatts of firm orders – seen in 2019,” said Luke Lewandowski, Wood Mackenzie Power andRenewables director.
Vestas Dominates
Danish turbine manufacturer Vestas continued to dominate the sector with its V150-4.X model among the most popular turbines ordered in the first quarter.
"Vestas won the largest share of orders for the fourth straight quarter, continuing its success in multiple rating segments,” Lewandowski explained, adding that “Vestas won more than 500 megawatts of orders in North America, Latin America and APAC.”
Vestas was also the only turbine manufacturer to have two models in the top 10 ranking for onshore turbine models, other than CRRC in China, and the only Western OEM in the top 5 in Q1 in APAC.
China Bolsters Offshore Outlook
Investment growth in the sector is expected to drive increasing project cargo requirements over the course of the year and in particular form the offshore sector.
"Five Chinese OEMs each won 300MW-plus 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 percent of all offshore capacity ordered globally,” Lewandowski noted.
In Europe, the outlook for offshore was less positive with order intake dropping 55 percent YoY and consisting primarily of a single 487MW order for a project in Belgium.
“Global offshore order intake exceeded 2GW for just the third time, with more than 10GW ordered from the first quarter of 2018 through the first quarter of 2019," Lewandowski added.
Photo: Vestas turbine. Credit: Vestas
The firm reported strong order intake for the first quarter of 2019, with total orders rising 7 percent year-on-year. Record demand in China and the Americas was cited as a key driving force for growth.
"China’s offshore market yielded a 66 percent increase year over year in global offshore order capacity, with a record first quarter demand -– 1.7 gigawatts of firm orders – seen in 2019,” said Luke Lewandowski, Wood Mackenzie Power andRenewables director.
Vestas Dominates
Danish turbine manufacturer Vestas continued to dominate the sector with its V150-4.X model among the most popular turbines ordered in the first quarter.
"Vestas won the largest share of orders for the fourth straight quarter, continuing its success in multiple rating segments,” Lewandowski explained, adding that “Vestas won more than 500 megawatts of orders in North America, Latin America and APAC.”
Vestas was also the only turbine manufacturer to have two models in the top 10 ranking for onshore turbine models, other than CRRC in China, and the only Western OEM in the top 5 in Q1 in APAC.
China Bolsters Offshore Outlook
Investment growth in the sector is expected to drive increasing project cargo requirements over the course of the year and in particular form the offshore sector.
"Five Chinese OEMs each won 300MW-plus 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 percent of all offshore capacity ordered globally,” Lewandowski noted.
In Europe, the outlook for offshore was less positive with order intake dropping 55 percent YoY and consisting primarily of a single 487MW order for a project in Belgium.
“Global offshore order intake exceeded 2GW for just the third time, with more than 10GW ordered from the first quarter of 2018 through the first quarter of 2019," Lewandowski added.
Photo: Vestas turbine. Credit: Vestas
