International OEMs Siemens Gamesa, Vestas, and GE Renewable Energy saw their collective share of new Chinese wind power decline amid the project dash that led to almost 29GW of new capacity brought into service last year, BloombergNEF’s (BNEF) latest analysis of the world’s largest turbine market shows.
The 28.9GW newly-operational last year marks a four-year high and the second-highest ever seen in China, as developers rushed to grid-connect onshore and offshore wind projects before 2021 and 2023 when national subsidies no longer apply.
