Source: China Energy News
China’s wind power industry is making rapid gains overseas, with turbine exports rising nearly fourfold over the past three years. According to a recent BloombergNEF report titled “Wind Turbine Orders Indicate Chinese Gained Ground in 2024”, Chinese manufacturers secured 12 gigawatts (GW) of wind turbine orders in markets outside of China last year—accounting for 28.6% of the global total of 42 GW. That marks a 70% year-on-year increase and nearly quadruples the figure recorded in 2022.
Among global players, Goldwind emerged as the world’s second-largest wind turbine supplier in 2024, trailing only Denmark’s Vestas. The Chinese company alone accounted for 6.1 GW of overseas orders—around one-seventh of all non-China demand and nearly half of the total international orders placed with Chinese manufacturers last year. Goldwind’s performance has solidified its role as a key force in China's wind power expansion abroad.
China has led the world in total installed wind capacity for 13 consecutive years, reaching over 440 GW by the end of 2024. It also boasts the most complete wind power supply chain globally, producing more than 60% of the world’s core wind turbine components. Chinese manufacturers have seen strong momentum in emerging markets such as Africa, South America, and Central Asia—driven by growing demand for clean energy in developing countries.
Brazil has become a standout growth market. Long dependent on fossil fuels to power its economy, the country has shifted course in recent years with the launch of its Accelerated Growth Program (PAC), which includes plans to invest BRL 75 billion (approximately USD 15 billion) in renewables by 2026. Brazil also aims to triple its wind power capacity by 2030, making it one of the most promising markets for new wind development.
Goldwind has rapidly expanded its footprint in Brazil in response to this shift. Its operational and under-construction projects now total 1.5 GW in the country. One flagship initiative—the São Desidério Project (SDP), Brazil’s largest single-site wind farm with a capacity of 648 MW—can supply electricity to more than 300,000 households annually and reduce carbon emissions by an estimated 500,000 metric tons per year.
The report also highlights a shifting strategy among Western turbine makers. Siemens Gamesa and General Electric are scaling back their onshore wind ambitions in emerging markets, instead concentrating on more familiar, profitable regions such as Europe and North America. This strategic retreat is expected to intensify competition in mature markets—but it also presents a unique opening for Chinese companies to grow their global presence and deepen brand recognition in new, fast-growing regions.
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