Envision Energy becomes largest Chinese turbine provider

February 05, 2024 | 16:52

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According to a report from the China Wind Power Database, Envision Energy now ranks first out of 14 turbine manufacturing contractors for the total capacity of its wind power projects, with 22,526MW. Goldwind Technology is now ranked second with 20,632MW.

Envision Energy becomes largest Chinese turbine provider

The ranking of Chinese wind turbine manufacturers by newly signed contract capacity

The total number of new wind power projects from Chinese providers in 2023 was 779, with a combined capacity of 116,490MW. The total installed global wind power capacity from Chinese manufacturers last year was approximately 116.5GW.

In the international market, Envision Energy had an installed capacity of nearly 6,073MW, far ahead of other contractors such as Windey (1,345MW), Mingyang (776MW), and Goldwind (513MW). The total capacity of wind power projects by Chinese firms in the international market in 2023 was 9,224MW.

The ranking of Chinese wind turbine manufacturers by newly signed international contract capacity

In Vietnam, along with the change in the government's electricity price policy, numerous wind power projects under the Power Development Plans VII and VIII have had their electricity purchase prices adjusted to under $0.07 per kWh, no longer benefiting from the feed-in tariff electricity price policy. Most projects are struggling with financial challenges related to diminishing profits from wind power. As a result, several wind-power developers have now decided to use Chinese wind turbines in their projects.

Envision Energy has provided turbines for such projects in the southwest and south central regions such as in Hoang Hai, Tai Tam, IAPet Dak Doa, Hoa Binh 5, Huong Linh 3-4, Cuu An, Dak Hoa, Nam Binh, Lac Hoa 2, Hoa Dong 2, and Phuoc Huu.

A wind turbine tower collapses in China

According to the New Insight of Wind Power newswire in China, a serious accident occurred in the first week of November at the 600MW wind power project in Barkol Kazakh autonomous county - a part of Hami Prefecture in Xinjiang.

Vietnam stays committed to developing clean and renewable energy

Vietnam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.

Offshore wind power, hydrogen, and gas power awaiting policies

The expeditious execution of gas power, offshore wind power, and hydrogen projects is contingent upon the competent authorities formulating policies pertaining to these domains.

Renewables conundrum still up in air

Despite ample opportunities in renewable energy, Vietnam needs to remove legal bottlenecks to facilitate the progress of solar, wind power, and liquefied natural gas projects.

By Nguyen Huong

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