Islamabad Oct 21: Chinese Turbines Dominate Global Wind Energy Expansion, CWP2024. According to the ongoing 2024 China Wind Power (CWP2024) in Beijing, one of the most significant wind energy events in the world, China received 5GW of wind turbine orders from outside in the first half of 2024, resulting in a 47% year-over-year growth.
Cui Guangsheng, Deputy Chief of General Affairs Division, New and Renewable Energy Department, National Energy Administration of China, stated in the opening speech that by the end of 2023, China had exported nearly 15.6 GW of wind turbines to 54 countries and regions worldwide, and that ten of the top 15 wind turbine suppliers ranking in new installations worldwide in 2023 were from China.
China accounted for 68% of the world’s wind capacity in 2023, according to Ren Yuan, Managing Consultant, China Wind Power Research, Wood Mackenzie. According to a report released on Monday by China Economic Net (CEN), it is anticipated that China would account for 25% of the global market for onshore wind turbines during the next ten years. As a result, Chinese manufacturers will need to accelerate the construction of foreign facilities.
European and Chinese wind turbine manufacturers are increasingly working together. As an illustration of Sino-Spanish cooperation, Alfonso Noriega Gomez, Chief Economic and Commercial Counselor at the Spanish Embassy in China, stated that the two nations are working together to unlock the potential of foreign markets in Chile, Mexico, South Africa, Germany, Bulgaria, Poland, Portugal, and other countries.
For example, Goldwind has worked with Elecnor to develop wind projects in Mexico and with Sacyr Industrial to build a wind farm in Chile. In the following phase, there is a lot of potential for creating floating offshore wind foundations as well as technology for recycling and reusing parts and components between the two sides.
For the upcoming years, supply bottlenecks for foundations, blades, generators, etc. are anticipated throughout Europe. According to Nicole Lu, Head of Capital Investment at the British Embassy in Beijing, shortfalls for floating foundations are expected to emerge in all regions except China until 2030. This highlights the importance of China’s ability and international collaboration in resolving supply chain issues.
