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GWEC I GLOBAL WIND
MARKET DEVELOPMENT

SUPPLY SIDE
DATA 2022
Preface
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This is the fifth edition of the annual Global Wind Market Development - Supply Side Data published by Global Wind Energy Council, a member-based organisation that represents the
entire wind sector. This report is part of GWEC’s Market Intelligence service that provides a series of insights and data-based analysis on the development of the wind industry. The
services include a market outlook, country profiles and policy updates, and deep-dives on the offshore market among other insights.
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GWEC Market Intelligence services are built on top of the existing GWEC reports and statistics as well as selected reports and databases from FTI Consulting’s Clean Energy
Intelligence unit, which were transferred to GWEC in March 2019 under a signed agreement to help form foundation for the new service. The Global Wind Market Development -
Supply Side Data report is based on FTI Consulting’s Global Wind Market Update – Supply Side Analysis to which FTI granted GWEC the Intellectual Property Rights. The Global Wind
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Market Development - Supply Side Data 2022 is the update of Global Wind Market Development - Supply Side Data 2021 released in May 2022.

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The Global Wind Market Development - Supply Side Data 2022 represents a detailed account of wind turbines mechanically installed globally from all active suppliers over the past
(without taking into account whether the turbines are grid-connected and commissioned). The final report includes more than 30 tables and figures charting the evolution of global
wind power markets on the supply side is the sister report of GWEC’s Global Wind Report 2023 that covers the global wind market status (based on annual grid-connected capacity)
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and outlook from the demand side. Combing the two reports provides a powerful tool for our members and subscribers to understand the global wind market development from both
demand and supply sides.

Acknowledgements
GWEC would like to thank those who provided the data and insights to support this publication. A special thank you to all of the wind turbine manufacturers who shared their detailed
installation statistics with us as well as to CWEA for their support in compiling data for the Chinese wind market. Without their valued support and trust, supply side insight would be
difficult to obtain, particularly with regard to data collection for provision of product segmentation, global market share by turbine technology and wind turbine manufacturer ranking
by technology.

The right of Feng Zhao, Joyce Lee and Anjali Lathigara to be identified as the authors of this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988.

Editorial of this report closed on 20 April 2023

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publishers. Requests for permission should be directed to info@gwec.net.

Published by Global Wind Energy Council


Copyright ©GWEC, 2023
Cover Photo copyright @SANY

GWEC I Supply Side Data 2022 I 1


Contacts
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•Bullet
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•Bullet Joyce Lee Anjali Lathigara
Feng Zhao
Head of Strategy and Market Head of Policy & Project Senior Market Intelligence Analyst
Intelligence/ Lead Author joyce.lee@gwec.net anjali.lathigara@gwec.net
feng.zhao@gwec.net Tel: + 44 (0)787 628 6125 Tel: +65 9827 4700
Tel: + 45 3113 5677

Global Wind Energy Council


Rue de Commerce 31
1000 Brussels, Belgium
T. +32 490 56 81 39
info@gwec.net
www.gwec.net

GWEC I Supply Side Data 2022 I 2


Overview of Key Findings – Supply Side
Summary of global wind market development in 2022 – Supply Side
Number of suppliers and
31 wind turbine suppliers (of which 19 are from Asia Pacific, 9 from Europe, 2 from America and 1 from Middle East)

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number of wind turbines they
21,575 units (Asia Pacific – 60.4%, Europe – 20.8%, North America – 14.3%, Latin America – 4.0%, Africa & Middle East – 0.5%)
installed in 2022

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Total
Top•Bullet
15 wind turbine suppliers
by deliveries in 2022 89,890 MW
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Europe Asia Pacific North America Latin America Africa & Middle East
1 Vestas (38.9%) 1 Goldwind (20.6%) 1 GE Renewable (51.8%) 1 Vestas (46.5%) 1 Siemens Gamesa (49.2%)
Top five wind turbine suppliers
2 Siemens Gamesa (20.3%) 2 Envision (14.7%) 2 Vestas (22.4%) 2 Siemens Gamesa (23.9%) 2 GE Renewable (21.9%)
in each of five world regions in
3 Nordex Group (19.3%) 3 Mingyang 11.4%) 3 Siemens Gamesa (19.5%) 3 Nordex Group (14.2%) 3 CRRC (12.7%)
2022
4 GE Renewable (11.1%) 4 Windey (11.0%) 4 Nordex Group (6.0%) 4 GE Renewable (7.1%) 4 Goldwind (5.7%)
5 Enercon (9.3%) 5 SANY (8.0%) 5 Enercon (0.3%) 5 WEG (4.6%) 5 Vestas (5.4%)

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 3


Overview of Key Findings – Supply Side (continued)
Summary of global wind market development in 2022 – Supply Side
Heading in this space 1 Vestas (14.43%) 6 Windey (7.82%)
Main textwind
Top ten onshore toturbine
go in this space 2 Goldwind (14.33%)
3 GE Renewable Energy (10.45%)
7 Mingyang (6.10%)
8 Nordex Group (6.08%)
suppliers in 2022
4 Envision (9.45%) 9 SANY (5.66%)
5 Siemens Gamesa (7.86%) 10 CRRC (4.86%)
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•Bullet 1 Siemens Gamesa (30.42%) 6 Envision (8.43%)
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Top ten offshore wind turbine
2 Mingyang (16.10%)
3 Sewind (14.51%)
7 GE Renewable Energy (4.83%)
8 Goldwind (2.96%)
suppliers in 2022
4 Vestas (10.68%) 9 Dongfang (1.51%)
5 CSSC Haizhuang (10.47%) 10 CRRC (0.10%)

1 GE2.8-127 (1,537 units) 6 Vestas V162-6.0 (361 units)


2 Vestas V150-4.2 (623 units) 7 Envision EN156- 3.3 (344 units)
Top ten wind turbine models by
3 SGRE SG5.0-145 (403 units) 8 Goldwind GW191-5.0 (311 units)
number delivered in 2022
4 Goldwind GW165-4.0 (373 units) 9 Suzlon S120-2.1 (291 units)
5 Vestas V110-2.0 (362 units) 10 Vestas V100-2.0 (280 units)

Source: GWEC Market Intelligence, April 2023

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Figure 1-1: Estimated wind turbine project development
timeline (onshore)
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Note: Timescales are influenced by a number of factors including: developer, contract type, country, topology, turbine, site complexity, etc.
Various wind industry analysts employ different reporting methodologies, which causes a lack of transparency and market confusion on what constitutes supply side reporting.
A typical project development cycle for land-based wind turbines, illustrated in Figure 1-1 fundamentally contains seven potential reporting stages. The reporting approach
varies between manufacturers and sometimes between jurisdictions. Robust benchmarking is highly dependent on application of the right quality processes to provide a fair
market ranking of manufacturers. No methodology is perfect, but our turbine installation focused approach is widely accepted across the industry and well reflects the flow of
turbine manufacturing from the supply side on the annual base.

GWEC I Supply Side Data 2022 I 5


Figure 1-2: High-level review of GWEC Market Intelligence’s
supply side model inputs
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Main text toPrimary
go inInput
thisData
space
• Manufacture supply side data

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from Market
•Bullet • Grid operators’ data Supply GWEC Market Global
• Regulator data
• Key component suppliers data
Side Wind Market Intelligence
• National association
• Established market contacts Rankings
Model

Order tracker model


• Manufacturer press release
• Media articles
• Developer/utility/IPP press release
• EPC/BOP contractor press release

Reference list request Evaluate reference lists Revise input data Process data in model Finalise rankings

Source: GWEC Market Intelligence & FTI Intelligence, April 2019

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Table 1-1: Top 15 wind turbine suppliers ranking in new
installations in 2022
Supplied MW Annual share Notes
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Rank

1
Supplier

Vestas
2022

12,595
2022

14.01%
1. Vestas has taken the full ownership of
MHI Vestas, which is a joint venture
Main
2 text to go in this 11,753
Goldwind
space 13.07% between Vestas Wind Systems A/S 50
per cent and Mitsubishi Heavy Industries
3 SGRE 9,309 10.36% (MHI) 50 per cent established in 2013,
thus MHI Vestas is no longer presented
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4
GE Renewable 8,832 9.82%
separately in this report.
5
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6
Enivision 8,391 9.34%
2. The US partial repowering (with
Mingyang 6,474 7.20%
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7
Windey 6,252 6.96%
increased rotor diameters and the
replacement of major components) is
8 excluded from new installed capacity.
Nordex Group 4,863 5.41%
GE Renewable Energy is the leader in
9 SANY 4,522 5.03% this business sector and reported a total
10 of 1,454 MW of partially repowering
CRRC 3,892 4.33%
capacity in 2022.
11 CSSC Haizhuang 3,362 3.74%
12 3. Out of the Global top 15 wind turbine
Sewind 3,249 3.61%
suppliers in 2022, ten come from China,
13 Enercon 1,893 2.11% four from Europe and one from the
14 United States, which is the same as the
Dongfang 1,889 2.10%
previous year.
15 United Power 923 1.03%

Others 1,691 1.88%


Global totals 89,890 100%

Source: GWEC Market Intelligence, April 2023

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Figure 1-3: Top 15 wind turbine suppliers
Supplier details (part 1 of 2)
in annual global market in 2022 • According to supply side reports, 21,575 wind turbines were installed

Heading in this space globally in 2022, with a combined capacity of 89,890 MW, which is 14 per
cent lower than the previous year. The 21,575 wind turbines recorded in
2022 were produced by 31 wind turbine manufacturers.
Main text to go in this space • Vestas continues to hold the top spot in 2022, thanks for its wide geographic
diversification strategy (with installation in 38 countries compared with 37 in
2021) and the strong onshore wind performance in the US, Brazil, Finland,
•Bullet France and Poland. However, the Danish supplier’s new installations in 2022
dropped by nearly 1/3 compared with 2021.
•Bullet • Goldwind retains the number two position from 2021. As China’s largest
•Bullet Total wind turbine supplier, Goldwind installed 11.8 GW worldwide in 2022, of
which 11.4GW (97 per cent) was located in its home market and 0.4 GW (3
89,890 MW per cent) from seven overseas markets.
• Siemens Gamesa also retains the number three position from 2021. With
new installations taking place in 26 markets, the supplier installed 9.3 GW of
new capacity in 2022, of which 3 GW is from offshore wind, making it the
largest offshore wind turbine supplier of the year.
• GE Renewable Energy moves up one positions to the fourth place, primarily
driven by its onshore wind installation in the US. With 57% of market share in
its home market in 2022, the American supplier retains the number one
position in the US the fourth year in a row.
• Envision fells one position to the fifth, as the Chinese OEM’s new installed
capacity at its home market last year dropped by 4 per cent compared with
2021. However, the company retains its number two position in China in
2022.
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 8


Figure 1-3: Top 15 wind turbine suppliers Supplier details (part 2 of 2)
in annual global market in 2022 • Mingyang remains sixth, the same position as 2021. Compared with 2021, the
Chinese supplier’s new installations in its home market dropped by 10 per

Heading in this space cent in 2022, but its installations outside of China increased by 40 per cent.
• Windey hold the same position as 2021. The Chinese supplier reported 6.25
GW capacity of new installations last year ( all onshore), of which 97.5 per
Main text to go in this space cent is located in its home market and the rest in Kazakhstan and Vietnam.
• Nordex Group still ranks 8th place in 2022, but its new installations dropped
by 26 per cent compared with 2021, which is a record year for the group.
•Bullet • Chinese suppliers SANY and CRRC both had a record year in 2022, although
•Bullet the year-on-year (YoY) growth in new installations in China dropped by 10%
compared with 2021. SANY moves up four positions to the ninth place and
•Bullet Total CRRC moves two positions to tenth last year respectively.
89,890 MW • CSSC Haizhuang fells one position to the 11th place, although the Chinese
OEM’s new onshore wind installations in 2022 increased by 52 pe cent
compared with the previous year.
• Sewind fells three position to the 12th, primarily due to its offshore wind
additions in 2022 dropped by 66 per cent compared with 2021, but the
company continues to hold the top spot in Chinese offshore sector in 2022.
• Dongfang also fells three position in 2022 due to its onshore wind and
offshore wind installations in 2022 decreasing by 20 per cent and 85 per cent
respectively, compared with 2021.
• Enercon moved up one position last year, although the German supplier’s
new installations in 2022 dropped by 25 per cent compared with 2021.
• United Power hold the same position as 2021, but the Chinese supplier had a
decline in new installations by 25 per cent compared with previous year.
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 9


Table 1-2: Top 15 wind turbine suppliers ranking in total
installations as the end of 2022
• In total wind turbine installations, Vestas, SGRE and GE Renewable Energy
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Rank Supplier
Cumulative MW
to end 2022
Total share
end of 2022
remain the world’s No.1, No 2 and No.3 suppliers. They are the only three
manufacturers with cumulative installations passing the 100 GW milestone, as
of the end of 2022.
1 Vestas 165,097 17.17%
Main
2
text to go in this space • Aside from Vestas, SGRE and GE Renewable Energy, Goldwind is the only
SiemensGamesa 128,485 13.36% turbine OEM with double digit market share in cumulative installations as the
3 end of 2022. In fact, the Chinese supplier has just announced that it has joined
GE Renewable 106,943 11.12%
the “100 GW” club in April 2023.
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4
Goldwind 96,634 10.05% • Enercon hold the same position as 2021 in cumulative installation, followed by
Chinese supplier Envision who replaced Nordex Group as the sixth largest
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5 Enercon 58,896 6.13% supplier in the world in 2022.
6 • There are still eight Chinese turbine OEMs on the Top 15 list in total
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7
Envision 48,483 5.04%
installations, but only Goldwind entered the global Top 5.
Nordex Group 46,980 4.89% • Chinese wind turbine supplier CSSC Haizhuang entered the global Top 15 list
8 for the first turbine while Sinovel dropped out of the list.
Mingyang 39,935 4.15%
• The Indian suppliers Suzlon remains a supplier in global Top 15 in total
9 Sewind 26,091 2.71% installations, but it felled one position to the 15th place.
10 • German Senvion went bankrupt in 2019, but it is the No.14 supplier in
Windey 25,055 2.61% cumulative installations as the end of 2022.
11 United Power 24,392 2.54%
12 Notes
Dongfang 22,840 2.38%
13 1. Since Vestas has taken the full ownership of MHI Vestas, Vestas’ total wind turbine
CSSC Haizhuang 20,138 2.09%
installations as of the end of 2021 include the total installations from MHI Vestas, which is a
14 Senvion 19,461 2.02% joint venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries (MHI)
established in 2013, with both entities owning 50 per cent of the company.
15 Suzlon 18,742 1.95% 2. Turbine OEMs’ cumulative installation data before 2018 is based on FTI Intelligence’s
Global Wind Market Update reports, which have now been transferred to GWEC under a
Others 113,212 11.78% signed agreement.
3. Decommission is not included in turbine OEMs’ total installation.
Global totals 961,383 100%
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 10


Table 1-3: Fact sheet of top 15 wind turbine suppliers in 2022

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Top 15 wind suppliers
Change in annual
market share
between 2021-2022
Cumulative market
share (%)
at end of 2022
Ranking in cumulative
capacity installed
Number of
markets
supplied in
2022
Number of
turbines supplied
In 2022
Main market
in 2022
Most sold model in
2022
Offshore wind
installation in 2022
• Chinese SANY increased its global
market share in 2022 - more than any
other company - followed by GE
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17.2%
space
-3.7% 1 38 3,259 US V150-4.2 Yes
Renewable, Goldwind and CRRC.
Vestas • By the numbers of wind turbines installed
1.2% 10.1% 4 8 2,692 China GW165-4000 Yes
in 2022, Vestas leads the ranking
Goldwind followed by GE Renewables, Goldwind,
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SGRE
0.7% 13.4% 2 26 2,033 US SG5.0-145 Yes SGRE and Envision in that order.
• Vestas is the world’s most globalised
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GE Renewable
1.3% 11.1% 3 21 2,706 USA GE2.8-127 Yes
supplier in 2022, with a wide geographic
0.7% 5.0% 6 6 1,832 China EN156-3.3 Yes spread of turbine installations in nearly 40
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Envision
0.4% 4.2%
countries in 2022, followed closely by
Mingyang
8 3 1,412 China MySE4.0-166 Yes SGRE, GE Renewable Energy, Enercon.
0.3%
and Nordex Group.
2.6% 10 3 1,448 China WD164-3300 No
Windey • Among the 10 Chinese suppliers in the
-0.9% 4.9% 7 19 1,081 USA N149-4800 No Top 15, six exported wind turbines to
Nordex Group international markets in 2022, but only
SANY
2.0% 1.6% 18 1 1,016 China W6250-172 No Goldwind and Envision installed turbines
in more than five markets.
1.1% 1.7% 17 3 974 China CWT3300-D165 Yes
CRRC • Goldwind is the leading international
0.4% 2.1% 13 1 740 China H146-2.5 Yes Chinese OEM in terms of number of
CSSC Haizhuang markets supplied as the end of 2022.
-1.8% 2.7% 9 1 541 China WH6.25N-182 Yes • Of the Top 15 wind turbine suppliers, ten
Sewind
installed offshore wind turbines last year,
-0.3% 6.1% 5 21 522 Germany E138EP3E2-4200 No
Enercon accounting for 100 per cent of new
-1.1% 2.4% 12 2 467 China DEW-G3600-165. Yes
offshore wind installations in 2022.
Dongfang
-0.2% 2.5% 11 1 214 China UP3600-166 No
United Power
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 11


Table 1-4: Top five wind turbine suppliers delivering to the 10
largest global markets in 2022
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Rank Market #1 #2 #3 #4 #5
New MW
Installed 2022

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1 go in this
China space
Goldwind (23%) Envision (16%) Mingyang (12%) Windey (12%) SANY (9%) 49,867

2 US GE Renewable (57%) Vestas (23%) Siemens Gamesa (14%) Nordex Group (7%) - 8837

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3 Brazil Vestas (54%) Siemens Gamesa (19%) GE Renewable (9%) Nordex Group (8%) WEG (6%) 2,931

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4 Germany Vestas (28%) Nordex Group (28%) Enercon (21%) Siemens Gamesa (13%) GE Renewable (8%) 2,800
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5 France Vestas (46%) GE Renewable (22%) Nordex Group (16%) Enercon (8%) SiemensGamesa (5%) 2,204

6 India GE Renewable (33%) Suzlon (30%) SiemensGamesa (23%) Vestas (7%) Inox (4%) 2,051

7 Netherlands Siemens Gamesa (50%) Vestas (30%) Nordex Group (12%) Enercon (7%) GE Renewable (1%) 1,957

8 Spain Nordex Group (35%) SiemensGamesa (32%) GE Renewable (19%) Vestas (9%) Enercon (4%) 1,912

9 Sweden SiemensGamesa (43%) Vestas (27%) Nordex Group (18%) GE Renewable (8%) Enercon (4%) 1,870

10 Finland Vestas (66%) Nordex Group (22%) GE Renewable (12%) Enercon (0.2%) - 1,831

Total top ten markets 76,259

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 12


Figure 1-4: Top wind turbine suppliers in Europe in 2022 Offshore and
Onshore • Europe recorded 4,486 turbines installed from the supply side in 2022, of
which 344 units were installed offshore.
Heading in this space Total • European suppliers consisting of Danish, German, Spanish, Dutch and Italian
turbine manufacturers continue to dominate in Europe in 2022 with 88 per
Main text to go in this space 19,350 MW cent market share.

• Danish company Vestas retains the title of leading turbine supplier in


Europe last year with nearly 39 per cent market share in 2022, four per cent
•Bullet lower than 2021.

•Bullet • SGRE replaced Nordex Group as the second largest supplier in Europe,
mainly due to its strong performance in the offshore sector.
•Bullet • Nordex Group dropped one position to the third place last year, but the
group increased its new installation in Europe by 9 per cent last year,
primarily due to its strong position in Germany and Spain.

• GE Renewable Energy hold the same position in Europe as 2021. The


American supplier increased its regional market share by 2 per cent,
compared to the previous year. The supplier is the largest non-European
supplier in Europe in 2022 with offshore wind making up 22% of its new
installations in this region.

• Enercon is the No.5 supplier in Europe in 2022, same as 2021. The German
supplier increased its regional market share by 0.5 pe cent compared with
the previous year, but it lost its title as the market leader in Germany in
2022 to Vestas.

• Other European OEMs that reported installations in this region in 2022


include Vensys, Leitwind, EWT and Eno Energy. Last year saw Chinese
OEM Envision, Mingyang and Goldwind install turbines in Europe, although
Source: GWEC Market Intelligence, April 2023 volume is relatively small (105 MW or 0.5 per cent).

GWEC I Supply Side Data 2022 I 13


Figure 1-5: Top wind turbine suppliers in Asia Pacific in 2022 Offshore and
Onshore
Heading in this space Total
56,608 MW • As home to the world's largest wind turbine manufacturing base, Asia
Pacific saw 13,035 wind turbines installed during 2022, 29 per cent
Main text to go in this space lower than the previous year. The primary reason is due to: 1.) the
installation in China went down by 10 pe cent in 2022 compared with
2021 and 2.) the increase of average turbine rating in China, where
11,115 units of turbine were installed last year compared with 15,806 in
•Bullet 2021.

•Bullet • The Asia Pacific market has been dominated by Chinese wind turbine
suppliers since 2008, when the establishment of a local Chinese wind
•Bullet supply chain was completed. 2022 saw nine Chinese firms on this
regional top ten list, replicating 2021’s rankings.

• SGRE remains the only non-Chinese OEM among the top ten active in
the region last year, primarily due to its offshore installations in Taiwan.

• GE Renewable Energy, Vestas and Enercon reported 1,319 MW, 1,076


MW and 68 MW of new installations respectively in this region in 2022.

• Aside from Chinese firms, other local turbine OEMs based in this region
and reported new turbine installations in 2022 include Suzlon, Inox,
Senvion India and Adani from India, Unison and Doosan from South
Korea.

• Indian local OEMs Suzlon and Inox had previously been listed in the top
ten list. Senvion India that was acquired by Saudi Arabia-based Alfanar
in 2021 installed less than 25 MW in 2022 while Adani group installed its
own turbine for the first time.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 14


Figure 1-6: Top wind turbine suppliers in North America in 2022 Offshore and
Onshore
Heading in this space Total • GWEC Market Intelligence recorded 3,078 wind turbines that were
installed in North America (the US and Canada) in 2022, of which
2,908 were installed in the United States and 178 in Canada.
Main text to go in this space 9,666 MW
• GE Renewable Energy, Vestas and Siemens Gamesa continue to
dominate the North American market with more than 93 per cent of
market share in 2022, 6 per cent higher than 2021.
•Bullet
• GE Renewable Energy remains the largest supplier in the region in
•Bullet 2022, relying on the US supplier’s strong onshore wind performance
in its home market where the US supplier has been the leading
•Bullet supplier since 2018.

• Vestas and Siemens Gamesa retained their respective number two


and number three position in 2022. Vestas’s market share in this
region decreased by nearly seven per cent last year, but SGRE
increased its market share by three per cent.

• Nordex Group‘s market share in this region decreased by nearly five


per cent compared with 2021, but it remains the fourth-largest wind
turbine supplier in North America in 2022.

• German Enercon is the number five supplier in this region in 2022,


with all of their turbines installed in Canada.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 15


Figure 1-7: Top wind turbine suppliers in Latin America in 2022 Offshore and
Onshore
Heading in this space Total • Across Latin America, 864 wind turbines were installed during
Main text to go in this space 3,873 MW 2022, of which 652 (or 75 per cent) were installed in Brazil.

• Vestas continues to hold the top spot in the region in 2022 although
its market share in this region dropped by 5 per cent compared
•Bullet with the previously year. Brazil is its core market accounting for 88
per cent of its new installations in this region in 2022.

•Bullet • Siemens Gamesa remains the second largest supplier in this region
in 2022, relying on its installation in Brail, Peru and Chile.
•Bullet
• Nordex Group retains the number three position from 2021, with
Brazil, Chile and Mexico as its core markets in this region in 2022.

• GE Renewable Energy increased its market share in this region by


two per cent last year compared with 2021, but it still ranks 4th
place in 2022. All of its new installation is located in Brazil.

• Brazilian supplier WEG installed 42 wind turbines, totalling 176 MW,


in its home market in 2022, making it No.5 supplier in this region.

• Chinese Goldwind and Dongfang are the No.6 and No.7 suppliers in
Latin America in 2022. Last year saw Goldwind instal 20 units of
turbines, totalling 90MW in Brazil and Dongfang installed 14 units,
totalling 56MW in Ecuador .

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 16


Figure 1-8: Top wind turbine suppliers in Africa and the Middle
East in 2022 (offshore and onshore)
Heading in this space Total
• 112 units of wind turbine were installed in Africa and the Middle
East in 2022 ( compared with 585 units in 2021), of which 99 was
located in Africa and the remaining in the Middle East. Six
Main text to go in this space 394 MW turbine OEMs reported installation in this region last year,
compared with five in 2021.

• Siemens Gamesa recaptures its title as the largest supplier to this


•Bullet region in 2022, with its regional market share more than doubled
compared with 2021. The company installed 56 wind turbine
•Bullet units in this region, totalling 194MW, last year - all of which are
located in Morocco.
•Bullet
• GE Renewable Energy moved up two positions to the second
place relying on its new installations in Morocco (86 MW).

• Vestas was the market leader in Africa and the Middle East in
2021, but fell to fifth place last year. The Danish supplier installed
six wind turbine units (21 MW) in this region, of which 5 units are
located in Egypt and the remaining in South Africa.

• Chinese Goldwind and CRRC also reported new installations in


this region in 2022. Goldwind installed 5 units (23 MW) in United
Arab Emirates, Middle East and the latter reported 50MW of new
installations in Kenya, Africa.

• As the only local wind turbine OEM in the region, MAPNA


installed eight wind turbine, totalling 20 MW, in Iran last year.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 17


Figure 1-9: Annual onshore wind turbine suppliers in 2022
• The global top 6 onshore wind turbine suppliers remained

Heading in this space unchanged in 2022 compared with the rankings in 2021. They
are: Vestas, Goldwind, GE Renewable Energy, Envision, Siemens
Gamesa and Windey.

Main text to go in this space • Chinese supplier Mingyang moved up one positions on the
global onshore wind turbine supplier list in 2022 and replaced
Nordex Group as the world’s seventh largest onshore wind
turbine suppliers.
•Bullet
• With its new onshore wind installations dropped by 25 per cent
•Bullet compared to 2021, Nordex Group dropped one position to the
eighth in 2022.
•Bullet Total • Chinese suppliers SANY, CSSC Haizhuang and Sewind moved
up one, two and one positions to the 9th, 11th and 13th place
79,946 MW respectively last year while their rival on the Chinese market
CRRC and Dongfang one and two positions to the 10th and 14th
position in 2022 respectively.

• Enercon fell one position to 12th place last year, as the German
supplier’s onshore wind installations in 2022 decreased by 24
per cent compared with the previous year.

• With all of its new installations from onshore wind in 2022, United
Power ranks No.15, the same position as 2021.

• There are 10 Chinese suppliers on the Top 15 onshore wind


supplier list in 2022, the same as last year.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 18


Figure 1-10: Annual onshore wind turbine suppliers excluding China
in 2022
Heading in this space • When excluding China from onshore wind capacity
installations in 2022, the top five suppliers ranking remains
Main text to go in this space the same as 2021. They are Vestas, GE Renewable Energy,
Siemens Gamesa, Nordex Group and Enercon.

• Suzlon replaces Chinese Envision as the No.6 supplier last


•Bullet year, with all its new installations located in India.

•Bullet • Chinese suppliers Envision and Goldwind fell one position to


the 7th and 8th place in 2022.
•Bullet
Total • Windey fells two positions to number ten in 2022 while WEG
ranks 9th place last year.

35,236 MW

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 19


Figure 1-11: Top offshore wind turbine suppliers’ annual installed
capacity 2022 • Ten manufacturers installed 1,300 units of offshore wind turbine - nearly 10 GW - in a
single year. The new additions are 70 per cent lower than the bumper year of 2021
but still make 2022 the second highest year in offshore wind history.

Heading in this space • The average size of new installed offshore wind turbines is 7.6 MW globally, and
reaching 8 .8 MW in Europe and 7.2 MW in APAC in 2022 respectively.

Main text to go in this space • Taking the advantage of strong offshore wind growth at their home market, seven
Chinese OEMs are listed on the global top ten list in 2022, same as the previous
year.

•Bullet • Siemens Gamesa installed 338 offshore turbines, totalling 3 GW, in six markets last
year, making it the global leader, a position held by Chinese Sewind in 2021.
•Bullet • Mingyang retains the number two position from 2021 with 86 per cent of its new
•Bullet installations (1,380 MW) located in its home market and the remaining in Vietnam

Total •
and Italy. The company installed offshore turbine in Europe for the first time in 2022.

Sewind remains the largest offshore wind turbine supplier in its home market, but it

9,945MW fells two position to the third place last year due to its new installations dropped by
66 per cent compared with 2021.

• Vestas retains the number fourth position from 2021,although the Danish supplier’s
new installations in 2022 is just one third of the capacity that it added in 2021.

• CSSC Haizhuang and Envision move up one and two position to fifth and sixth place
respectively, but Goldwind and Dongfang fell five and two position to eighth and
ninth place in 2022.

• GE Renewable Energy commissioned its first offshore wind project in France last
year, making it the world’s seventh largest offshore wind turbine supplier in 2022.

• Chinese supplier CRRC installed a 10MW offshore wind turbine prototype in China
last year, representing its first breakthrough into the offshore wind market.
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 20


Figure 1-12: Top ten offshore wind turbine suppliers’ cumulative
capacity to end of 2022
Heading in this space • Globally, a total of 65,333 MW offshore wind energy was installed
as the end of 2022.
Main text to go in this space
• The two offshore wind pioneers, Siemens Gamesa and Vestas
together made up 48 per cent of total global offshore wind
•Bullet installations by the end 2022, one per cent lower than in 2021.

Siemens Gamesa remained the global leader in terms of


•Bullet •
cumulative installed offshore wind capacity. However, the
company lost 0.6 per cent market share last year compared with
•Bullet Total 2021.

• Compared with their ranking in cumulative installation in 2021, the


65,333 MW suppliers in the positions 2 to 10 stay the same.

• Senvion (now bankrupt) holds the same spot as the previous year,
but the supplier is likely to drop out of the top ten list next year.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 21


Figure 1-13: Trends of OEM Market consolidation
Market shares of top six wind turbine OEMs show market
dominance and consolidation
(per cent)
• 63 OEMs reported wind turbine installations in 2013, making it the peak
63 OEMs 51 OEMs 37 OEMs 33 OEMs 35 OEMs 30 OEMs 31 OEMs year in terms of the total number of suppliers in a single year. Since then,
the number of suppliers has been declining, with 51 suppliers recorded
98.7 GW 104.7 GW 89.9 GW
37.5GW 62.9GW 50.6GW 63.1GW in 2015, 37 in 2018 and 33 in 2019.

• The situation changed in 2020 when 35 OEMs reported wind turbine


32% installation, but 2021 saw 30 OEMs install wind turbine worldwide. Last
36% 34% year, 31 OEMs reported new wind turbine installations. Adani Group is a
35% 45% 37%
43% new suppliers in 2022 with one unit of 5.2MW prototype installed in India.

17% • Figure 1- 13 shows that Tier 1 wind turbine OEMs began their market
dominance from 2015, when the top six wind turbine OEMs controlled
27% 30% more than half of the global market share. Following the market
29%
21% 27% consolidation of the wind industry completed between 2015-2017 by
28%
companies such as GE-Alstom Power and Siemens-Gamesa, the trend of
the Tier 1 OEMs dominating the market continued. In 2018, the global
51% market share of the top six companies increased to 70 per cent. In 2019,
37% 36% this group gained an additional three per cent global market share
44% 35%
30% 27% compared with 2018.

• The top 6 OEMs’ market share, however, dropped to 66 per cent and 63
2013 2015 2018 2019 2020 2021 2022 per cent in 2020 and 2021 respectively. Last year saw their market share
increased by one per cent. Although the top 3 western OEMs lost 2 per
Top 3 Western Top 3 Chinese OEMs Other cent market share compared with 2021, the top 3 Chinese suppliers
increased their market share by 3 per cent.
Top 3 Western – Vestas, Siemens Gamesa and GE Renewable
Top 3 Chinese – Goldwind, Envision and Mingyang

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 22


Table 1-5: Global installed wind turbine units overview in 2022
Heading in this space • In 2022, 21,575 new wind turbines were installed
globally, 26 per cent lower than in 2021, which is
Main text to go in this space
Region
New turbines
installed 2018
New turbines
installed 2019
New turbines
installed 2020
New turbines
installed 2021
New turbines
installed 2022 primarily due to:
(units) (units) (units) (units) (units)
• Following a record year of installations for
•Bullet
Asia 11,316 12,263 21,075 18,005 12,718 onshore wind ( in 2020) and for offshore
wind (in 2021), the new installation went

•Bullet
Europe 3,715 4,542 4,113 4,445 4,486 down in 2022.

North • Turbine rating is getting bigger for both


•Bullet
America
3,095 3,948 6,827 4,370 3,078
onshore and offshore wind.
Latin • Larger onshore wind turbines were installed
1,448 1,278 1,102 1,459 864
America in China after onshore market entered the
grid-parity era from the beginning of 2021.
Africa 470 205 223 460 99
The average onshore wind turbine rating in
OECD China reaches 4.3 MW in 2022.
510 576 754 371 317
Pacific

Middle East 87 81 25 125 13 • Of the 21,575 new turbines installed last year, 59 per
cent are located in Asia, 21 per cent in Europe, 14 per
Total Fleet 20,641 22,893 34,119 29,234 21,575 cent in North America, 4 per cent in Latin America, and
1.5 per cent in OECD Pacific.
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 23


Table 1-6: New turbine units installed in top 20 markets in 2022
Heading in this space • The top 20 markets accounted for 94.9 per cent of new
New turbines New turbines wind turbines installed in 2022, 0.5 per cent higher than
Main text to
Rank
go in this space
Market
installed 2022
Rank Market
installed 2022 the previous year.

• China installed 11,115 units of new wind turbines in 2022,


1 China 11,115 11 Netherlands 310 30 per cent lower than the amount it achieved in 2021,
•Bullet
2 US 2,908 12 Vietnam 256
but still accounting for 51 per cent of the global market
share in 2022.
•Bullet
3 India 883 13 UK 221
• The United States installed 2,908 units of new turbines in
•Bullet
4 France 702 14 Canada 170 2022 with nearly 14 per cent share of the market, while
India, France and Brazil followed in third, fourth and fifth
5 Brazil 652 15 Italy 160 place with 4 per cent, 3 per cent and 3 per cent market
share respectively.
6 Germany 602 16 Turkey 159
• Taiwan, China achieved a record year in new offshore
7 Poland 537 17 Taiwan, China 156 wind installations in 2022, making it one of the top 20
markets for the first time.
8 Spain 469 18 Australia 151
• Kazakhstan and Japan both installed 133 units of wind
9 Sweden 353 19 Austria 146 turbine in 2022, but the latter has 33 units from the
offshore wind.
10 Finland 321 20 Kazakhstan/Japan 133

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 24


Figure 1-14: Average size of new installed wind turbines by market in
Heading in this space
2022
Main text to go in this space
• The upward trend in wind turbine size continues with
the average rated capacity of new turbines installed in
2022 surpassing 4,000 kW, 16 per cent (or 584kW)
•Bullet higher than in 2021.

•Bullet • The average onshore wind turbine size in 2022 is


3,943 kW while the average wind turbine size for
•Bullet offshore wind reaches 7,650 kW.

• In 2022, the average size of newly installed wind


turbines in the world’s two largest markets, China and
the US, is 4,486 kW and 3,039 kW respectively (
compared with 3,524 kW and 3,153 kW in 2021).

• The average size of newly installed wind turbines in


India passed the 2.0 MW threshold in 2017, but it
remains the lowest among established wind markets.
Last year saw its average turbine size increased by
only 10kW compared with 2021.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 25


Figure 1-15: Average size of new installed wind turbines by region in 2022
Heading in this space
Main text to go in this space

•Bullet
•Bullet
•Bullet • Newly installed wind turbines in Europe used to be
bigger than those installed in the rest of the world.
However, last year saw both Latin America and Asia
Pacific surpassed Europe in average turbine size.

• Asia Pacific was previously the region with the


lowest average turbine size, but that changed in
2021, primarily due to larger offshore and onshore
wind turbines being installed in China in order to
achieve the grid parity.

• Last year, North America took the lowest average


turbine size title as 1,936 units of small turbine (with
power rating less than 3 MW) were installed in the
US (out of 2,908 units).

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 26


Table 1-7: Breakdown wind turbine sizes by rated capacity installed in
Heading in this space
2022
Main text to go in this space
Share Share • The market share of wind turbines with power ratings less than
Product (Size range) Units MW Product (Size range) Units MW
2022 2022 1,500 kW was 0.11 per cent in 2022, almost the same as 2021.
WTGs 0-499 kW* WTGs 2500 kW
•Bullet
WTGs 500-749 kW
9 4 0.00%
WTGs 2501-2999 kW
532 1,330 1.48% • Wind turbines in the 2,000-2,999 kW size range were the
leading product range in 2020, with more than half of global
4 2 0.00% 2,367 6,592 7.33%
•Bullet
WTGs 750-999 kW WTGs 3000 kW
market share. Following the upward trend in wind turbine
power rating, however, its market share dropped to 21.6 per
78 67 0.07% 724 2,172 2.42%
WTGs•Bullet
cent in 2021. 2022 saw the market share of this size range
1000-1300 kW WTGs 3001-3599 kW decreased by another 6 per cent.
31 33 0.04% 2,638 8,823 9.82%
WTGs 1301-1499 kW WTGs 3600-3999 kW
- - 0.00% 1,315 4,792 5.33% • Wind turbines in the 3,000 kW-5,000 kW size range accounted
WTGs 1500 kW WTGs 4000-5000 kW
for more than half (56.5 per cent) of total global turbine supply in
17 26 0.03% 7,791 34,946 38.88% 2022, which is 5 per cent lower than in 2021, but still makes
WTGs 1501-1999 kW WTGs 5001-6000 kW turbines in this size range the year's mainstream product range.
88 141 0.16% 1,638 9,270 10.31%
WTGs 2000 kW WTGs >6000 kW • The market share of turbines with power ratings greater than
818 1,636 1.82% 2,515 17,870 19.88%
5,000 kW was 30.2 per cent in 2022, 13.4 per cent higher than
WTGs 2001-2499 kW Total 2021, primarily due to more offshore wind turbines with higher
1,010 2,187 2.43% 21,575 89,890 100.00%
power rating being installed offshore across the global.
*This size range only covers wind turbines with rated capacities of at least 400 kW per unit.

Source: GWEC Market Intelligence, April 2023 • Table 1-8 (Page 28) shows the top five suppliers in each of the
ranges of wind turbine size classes in 2022.

GWEC I Supply Side Data 2022 I 27


Table 1-8: Top five suppliers in different wind turbine size classes in 2022

Top Five Rank in 2022

Heading in this space


Product (Size range)

WTGs 0-499 kW*


1 2 3 4 5

EWT Leitwind - - -
Main text to go in this space
WTGs 500-749 kW Leitwind - - - -
WTGs 750-999 kW
Enercon SiemensGamesa Goldwind EWT Leitwind
WTGs 1000-1499 kW Goldwind Leitwind EWT - -
•Bullet
WTGs 1500 kW Windey Sinovel Vensys - -

•Bullet
WTGs 1501-1999 kW
GE Renwable - - - -
WTGs 2000 kW
•Bullet
WTGs 2001-2499 kW
Vestas Goldwind Inox Harbin Electric CSSC Haizhuang

SiemensGamesa Suzlon Vestas Enercon Nordex Group


WTGs 2500 kW Goldwind CSSC Haizhuang Windey GE Renwable Dongfang
WTGs 2501-2999 kW
GE Renwable SiemensGamesa Goldwind Envision Senvion India
WTGs 3000 kW Goldwind Envision Nordex Group Windey Enercon
WTGs 3001-3599 kW Vestas Envision Windey CRRC SiemensGamesa
WTGs 3600-3999 kW
Goldwind Windey Nordex Group SANY Mingyang
WTGs 4000-5000 kW
Goldwind Vestas Mingyang Envision SiemensGamesa
WTGs 5001-6000 kW Vestas GE Renwable Goldwind Nordex Group Envision
WTGs >6000 kW SiemensGamesa Envision Goldwind Sewind Mingyang

*This size range only covers wind turbines with rated capacities of at least 400 kW per unit.
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 28


Figure 1-16: Breakdown of wind turbine sizes by rated capacity installed
by region in 2022
Heading in this space
• Europe used to have the highest average size of new installed turbines,
Main text to go in this space but it fell two position to the third place in 2022. Its new installations is
more evenly split by turbine size classes than any other region.

• North America has the lowest average turbine size in 2022 as turbines in
•Bullet the 2,000-2,99 kW size range remain the most popular, accounting for
71.5 per cent of new installations in 2022.
•Bullet • In Latin America, the turbine size range of 4,000-5,000 kW accounted for
•Bullet 71.5 per cent of new installations last year, followed by turbine with
power rating greater than 5,000 kW, making it the region with the
highest average turbine size in 2022.

• In Asia Pacific, turbines in the 4,000-5,000 kW size range replaced those


in the size range of 3,000-3,999 kW as the mainstream product in 2022.
Additionally, turbine in the size range of > 5,000kW made up more than
20 per cent of new installations, almost doubled compared with 2021.

• In Africa, turbine ratings in the range of 3,000-3,999 kW accounted for


nearly 90 per cent of new installations in 2022, followed by turbine size
range of 4,000-5,000 kW (11 per cent)
Note: The size range only covers wind turbines with rated capacities of at least 400 kW per unit. • No turbine larger than 5,000kW was installed in Africa and Rest of World
Source: GWEC Market Intelligence, April 2023
in 2022, the same situation as the previous year.

GWEC I Supply Side Data 2022 I 29


Figure 1-17: Breakdown of wind turbine sizes by rated capacity installed
byHeading
Top-15 OEM ininthis
2022space
Main text to go in this space • Same as 2021, GE Renewable Energy is the only wind
turbine OEM with more than half of its new installations
coming from the 2,000-2,999 kW size range.

•Bullet • Turbines in the 3,000-3,999 kW size range was the most


popular product installed by most of Chinese OEMs in
•Bullet 2021, but the situation changed in 2022 as turbines in the
4,000-5,000 kW size range has gained its popularity in
•Bullet China last year.

• Turbines with power rating in the range of 4,000-5,000 kW


were the most installed product for 11 suppliers out of the
top 15. Those suppliers include: Vestas, Goldwind,
Mingyang, Windey, Nordex Group, SANY, CRRC, CSSC
Haizhuang, Enercon, Dongfang and United Power.

• Mingyang was the only OEM with turbines in the size range
of >5,000kW become the most installed product in 2021.
Last year saw Siemens Gamesa, Envision and Sewind joined
this club.

Note: The size range only covers wind turbines with rated capacities of at least 400 kW per unit.

Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 30


Table 1-9: Global market share by turbine technology in 2022
Heading in this space • The conventional high-speed geared system has been the
mainstay of wind turbine technology since the industry’s earliest
Main text to go in this space days. Last year saw its market share drop to 64.4 per cent, from
68.2 per cent in 2021.

• Hybrid drive wind turbines (medium-speed turbines) continues to


•Bullet Conventional Hybrid
Direct drive Hydraulic drive
gain popularity last year, with its global market share increasing
Hybrid from 9.7 in 2021 to 14.5 per cent in 2022, a 4.8 per cent rise.
•Bullet
Turbine technology
drive drive EESG DD PMG DD Full hydraulic
hydraulic
• Combining the market share of conventional high-speed drive
•Bullet with medium speed drive, the global market share of geared-
drive systems in 2022 is 78.9 per cent, which is one per cent
higher than the previous year.

• Direct drive wind turbines lost one per cent of their market share
Global in 2022 compared with 2021, which is primarily due to: 1.) the
64.4% 14.5% 1.8% 19.3% - -
Market Share German company Enercon, the leading supplier of EESG DD
turbine, had less new installations in 2022 compared with 2021;
Source: GWEC Market Intelligence, April 2023 2.) Goldwind, the market leader in PMG DD production, is
switching from DD drivetrain into medium-speed drivetrain, with
the latter accounting for 8.5 per cent of its total installations in
2022, 8.2 per cent higher than in 2021.

• No hydraulic drive turbines were installed last year, same as 2021.

GWEC I Supply Side Data 2022 I 31


Table 1-10: Wind turbine manufacturer • There are four different technology configurations under the
conventional gear-drive solution. The high speed DFIG
configuration remains the most popular turbine technology,
ranking by drivetrain technology in 2022 with 53.2 per cent global market share in 2022. GE Renewable
Heading in this space Energy, Envision, Windey, Siemens Gamesa and Nordex
Acciona are the top five suppliers last year, together
accounting for 69 per cent market share in this category.
Main text to go in this space
Conventional gear-drive Hybrid drive Direct drive • Vestas, Sewind, Siemens Gamesa, CSSC Haizhuang and
Turbine Envision are the top five suppliers for turbines with high speed
technology SCIG configuration, accounting for 10.7 per cent global market
•Bullet
DFIG SCIG HS PMG EESG MS PMG EESG DD PMG DD
share in 2022.

•Bullet
Position Turbine manufacturer • For the high speed PMG configuration that accounts for 0.5 per
cent global market share, all suppliers come from Asia.
•Bullet GE
German supplier Eno Energy is currently the only supplier
1 Vestas CSSC Haizhuang Eno Energy Mingyang Enercon Goldwind pursuing the high speed EESG solution.
Renewable
• Mingyang remains the leading supplier in medium speed
2 Envision Sewind Unison - Vestas EWT
Siemens technology segment in 2022, the fifth year in a row. They’re
Gamesa followed by Vestas, Sewind, Goldwind and CSSC Haizhuang.

3 Windey Siemens Games - - Sewind - Dongfang • Enercon continues to dominate the installation of EESG DD
wind turbines in 2022, followed by EWT. – though they only
had 0.7 per cent market share in this category.
4 Siemens Gamesa CSSC Haizhuang - - Goldwind - Sewind

• With 61.7 per cent global market share in PMG DD category,


CSSC
5 Nordex Group Envision - - - GE Renewable China’s Goldwind maintained its position as the world's largest
Haizhuang
PMG DD wind turbine supplier last year, followed by Siemens
Gamesa (18.8 per cent), Dongfang (6.5 per cent), Sewind (5.8
Source: GWEC Market Intelligence, April 2023
per cent) and GE Renewable Energy (2.8 per cent).

GWEC I Supply Side Data 2022 I 32


Figure 1-18: Global wind turbine rotor diameter breakdown, 2014 vs.
Heading in this space
2022
Main text to go in this space

•Bullet
•Bullet
•Bullet

2014 2022
• Driven by the reduction of LCOE and growth of global offshore wind market, the upward trend in wind turbine rotor diameter continues with rotors greater than 150m becoming
the mainstream products, accounting for 55 per cent global market share in 2022.
Source: GWEC Market Intelligence, April 2023

GWEC I Supply Side Data 2022 I 33


Appendix
Heading in this space
Disclaimer Acronyms
Main text to go in this space
The authors and the publisher of this work have used sources believed to be reliable in
their efforts to provide information that is complete and generally in accord with the
APAC – Asia Pacific
EMEA – Europe, the Middle East, Africa & the CIS Countries
standards accepted at the time of publication. Neither the authors nor the publisher nor any
party involved in the preparation or publication of this work warrant that the information FiT – Feed-in Tariff
contained herein is in every respect accurate or complete and do not assume responsibility FY – Financial Year
•Bullet
for any errors or omissions or for the results obtained from use of such information. The
GW – Gigawatt
authors and the publisher expressly disclaim any express or implied warranty, including
•Bullet
any implied warranty of merchantability or fitness for a specific purpose, or that the use of
the information contained in this work is free from intellectual property infringement. This
LCR – Local Content Requirements
M&A – Mergers & Acquisitions
•Bullet
work and all information are supplied "AS IS." Readers are encouraged to confirm the
information contained herein with other sources. The information provided herein is not
MW – Megawatt
intended to replace professional advice. The authors and the publisher make no NEA – National Energy Administration
representations or warranties with respect to any action or failure to act by any person OECD – Organisation for Economic Co-operation and Development
following the information offered or provided within or through this work. The authors and
OEM – Original Equipment Manufacturer
the publisher will not be liable for any direct, indirect, consequential, special, exemplary, or
other damages arising therefrom. Statements or opinions expressed in the work are those PPA - Power Purchase Agrement
of the respective author. The views expressed in this work do not necessarily represent the PTC – Production Tax Credits
views of the publisher, its management or employees, and the publisher is not responsible
Q1 – Quarter 1
for, and disclaims any and all liability for the content of statements written by authors of this
work. RES – Renewable Energy Source
RET – Renewable Energy Target
For more information, go to: www.gwec.net
ROC – Renewables Obligation Certificate
RPS – Renewable Portfolio Standards
TWh – Terawatt Hour

GWEC I Supply Side Data 2022 I 34


Appendix

Heading in this space


Main text to go in this space

•Bullet
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GWEC I Supply Side Data 2022 I 35


Appendix

Heading in this space


Main text to go in this space

•Bullet
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GWEC I Supply Side Data 2022 I 36


Global Wind Energy Council
Rue Belliard 51-53
1000 Brussels, Belgium
T. +32 2 213 18 97
info@gwec.net
www.gwec.net

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