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Wind turbine orders in Europe fall 36% year-on-year 

Credit:  11 November 2022 | By Oliver Gordon | energymonitor.ai ~~

Orders for wind turbines in Europe fell 36% year-on-year in the third quarter of 2022, with inflationary cost pressures, slow permitting and uncertainty around the EU’s emergency electricity market interventions combining to stifle the market, according to new research from industry association WindEurope.

Orders for new wind turbines totalled 2GW in the quarter. All for onshore turbines, the orders came from nine countries; Finland ordered the most new capacity with 322MW, followed by Sweden and Germany.

It brings the 2022 order total so far to 7.7GW – a far cry from what the EU requires for its energy and climate targets. The bloc wants 510GW of wind energy by 2030, requiring the wind industry to install around 39GW of new wind power each year until the end of the decade.

In fact, the third-quarter decline is part of a downward trend in wind turbine orders in Europe; orders in the first quarter of 2021 were at 2.8GW and have been generally decreasing ever since.

“The rapid deployment of wind energy has never been more urgent – for energy security, for the climate, and for affordable energy prices,” said WindEurope in a statement. “This requires a step change in EU policy: to accelerate permitting of new projects, give renewables investors visibility, and strengthen and expand the European wind supply chain.”

The Hamburg-based multinational Nordex – one of the world’s biggest manufacturers of wind turbines – shut down its only German blade factory, in Rostock, in June 2022.

Source:  11 November 2022 | By Oliver Gordon | energymonitor.ai

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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