Chinese wind turbines are playing an increasingly significant role in global markets, with China receiving 5 GW of wind turbine orders abroad in the first half of 2024, marking a 47% year-on-year increase. This development was highlighted at the 2024 China Wind Power (CWP2024) event in Beijing, one of the world's leading wind energy forums.
Cui Guangsheng, Deputy Chief of the General Affairs Division at the National Energy Administration of China, shared that by the end of 2023, China had exported nearly 15.6 GW of wind turbines to 54 countries. Additionally, 10 of the top 15 global wind turbine suppliers in new installations were Chinese companies.
Ren Yuan, Managing Consultant at Wood Mackenzie, noted that China accounted for 68% of global wind capacity in 2023. The country is predicted to capture a 25% share of the global onshore wind turbine market over the next decade, underscoring the need for Chinese manufacturers to accelerate the construction of overseas plants.
Chinese-European cooperation in the wind energy sector is also deepening. For example, China and Spain are jointly exploring markets in Chile, Mexico, South Africa, and several European countries. Companies like Goldwind have collaborated with Spanish firms such as Sacyr Industrial in Chile and Elecnor in Mexico. Future collaboration is expected in developing floating offshore wind foundations and recycling technologies.
Supply chain bottlenecks for wind turbines, including generators, blades, and foundations, are anticipated in Europe over the coming years. Nicole Lu, Head of Capital Investment at the British Embassy in Beijing, emphasized the critical role China can play in mitigating these shortages, particularly in floating foundation technology.
