China Dominated the Global Wind Turbine Market in 2023

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China Dominated the Global Wind Turbine Market in 2023
Wind TurbineCapacityWind Energy

China's dominance in the wind turbine market has been highlighted in a recent report that shows the country accounting for 65% of new wind capacity last year.

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China accounted for 65% of new wind capacity last year, which placed four Chinese original equipment manufacturers in the top five spots in the global ranking, a new report by Wood Mackenzie showed on Wednesday, highlighting the Chinese dominance in clean energy technologies. China’s Goldwind installed a record 16.

Record levels of wind power installations in 2023 were driven by the Chinese boom, according to WoodMac. “China’s first batch of massive renewable bases have a 2024 deadline on the horizon which has accelerated installations to an unprecedented pace of 74.7 GW,” said Endri Lico, Principal Analyst at Wood Mackenzie. “This combined with a mature supply chain and ambitious provincial targets are pushing wind deployment to an unprecedented level in China.

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