In 2020, 96GW of new wind turbine capacity was added globally, up 59% year-on-year

According to the latest statistics from Bloomberg New Energy Finance, in 2020, developers commissioned about 96.
3 GW of wind turbines worldwide, a year-on-year increase of 59%, of which onshore wind accounted for 94%; Offshore wind added 6.
1 GW, but it fell 19%
year-on-year.

In 2020, the four largest wind turbine manufacturers, General Electric, Vestas, Goldwind and Envision Energy, accounted for more than half of the total wind turbine deployments, or about 51%, indicating that the gap between leading and small manufacturers is widening
.

In 2020, with the rapid growth of the US and Chinese markets, GE became the world's largest wind turbine manufacturer with 13.
53 GW, followed by Goldwind Technology (13.
06 GW), Vestas (12.
4 GW), Envision Energy (10.
35 GW), and Siemens Gamesa (7.
65 GW).

Isabelle Edwards, a new energy finance analyst at Bloomberg, said, "GE and Goldwind are both focusing on the United States and China, respectively, with 70% of GE's market located in the United States in 2020, while Goldwind is higher, with 98% coming from China's local market
.
" But Vestas, despite being in third place, deployed wind turbines in 34 countries and territories around the world in 2020, taking on less
risk of market volatility.
”

In 2020, China added 57.
8 GW of wind turbine capacity
.
The surge in demand for wind turbines in China has allowed smaller domestic turbine manufacturers to take full advantage of their idle manufacturing capacity
.

Edwards said: "Although wind capacity has increased in each region compared to the previous year, the unprecedented growth observed in 2020 should be attributed to the Chinese wind power market
.
Almost every turbine manufacturer is now selling turbines to China, which is the second-largest market
for General Electric and Vestas by 2020.
”

As developers prepare for the phase-out of production tax credits, the US commissioned 16.
5GW of new wind energy capacity
last year.
This represents a 77% increase from 2019 and 2.
6GW
higher than the country's previous record in 2012.
GE provided 57% (9.
4GW) of this new capacity and maintained its lead
over the competition.
Although Vestas set a company record of 5.
1GW in 14 US states, its market share fell to 31%
in 2020.

In 2020, onshore wind additions totalled 19.
4GW in the Americas, 12.
6GW in Europe, 863MW in Africa and the Middle East, and 57.
3GW
in Asia Pacific.

Siemens Gamesa maintains its position as
a leader in the offshore wind market.
Last year, Siemens Gamesa commissioned 1.
91GW offshore, including 752MW at the Borsselle wind farm in the Netherlands and another 539MW
at the East Anglia One project in the UK.

To reposition itself as a leading turbine supplier to the offshore wind industry, Vestas acquired Mitsubishi Heavy Industries Vestas Offshore Wind in late 2020
.
The move could shake up the global offshore wind manufacturer rankings
in the coming years.