Highlights:
In addition to output, Chinese turbine manufacturers also lead in product design and innovation. The last four years have seen 426 new Chinese turbine models released, versus just 29 new turbines outside China, consultancy Wood Mackenzie said.
Spurred by state support, China installed 77.1 GW of wind power last year, accounting for 65% of the global total. By comparison, European Union countries built only 17 GW.
Cheap raw materials and fierce competition have also pushed down prices. Prices of Chinese turbines dropped by more than 30% in 2023, Wood Mackenzie said.
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https://www.reuters.com/business/energy/chinas-dominance-wind-turbine-manufacturing-2024-04-10/