Wednesday, March 27, 2024

"China’s Wind Turbine Makers Extend Dominance as Vestas, GE Slip"

From Bloomberg, March 27:

China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom as a contraction in the US and meager growth in Europe dented overseas competitors.

Four of the five biggest producers in 2023 were China-based companies, up from just two in the prior year, according to a BloombergNEF report released Wednesday. Goldwind Science & Technology Co. retained the top spot, while Envision Energy Co. took second place from Vestas Wind Systems A/S. General Electric Co. and Siemens Gamesa were pushed out of the top five. 
China accounted for about two-thirds of global additions of onshore and offshore wind last year, and while the nation’s manufacturers lifted sales overseas they continued to rely on their home market for about 98% of deployments, according to the report. Wind installations in the US fell to the lowest since 2017....


For folks keeping score, China now dominates batteries, the solar supply chain from polysilicon ingots to solar panels, electric vehicles and wind generation.