Strong overseas market, with Far East Energy ranking first in the world for wind turbine orders in 2023
According to the latest report released by the authoritative energy consulting firm Wood Mackenzie, Far East Energy ranked first among global wind turbine manufacturers in the 2023 fiscal year with a record breaking 22GW of wind turbine bookings. In addition, in Bloomberg New Energy Finance's recently released 2023 Global Wind Turbine New Installation Ranking, Far East Energy surpassed Vestas with a new installed capacity of 15.4GW, ranking second in the world. These achievements not only consolidate Far East Energy's global leadership position in the wind power and clean energy industries, but also mean that Far East Energy, as a representative of new quality productivity, has stood at the center of the global clean energy stage.
According to the Wood Mackenzie report, global new wind turbine orders reached a historic high of 155GW in 2023, with Far East Energy leading with 22GW of new orders, accounting for 14.2% of the global new market share. Vestas and Goldwind Technology ranked second and third with 19GW and 18GW respectively. The excellent performance of Far East Energy in the international market has brought strong momentum to global performance. Xu Gang, Global Vice President of Far East Energy and Chairman of Far East India, said, "We are 'wind chasers' committed to helping all countries and regions obtain green, clean, and affordable energy.
Gathering top global technical talents to continuously promote technological innovation. Far East Energy has a global supply system and strong delivery capabilities, which are its "secret weapon" for winning in global competition, as well as a magic weapon for achieving a balance between localization policies, supply chain flexibility, product reliability, and cost requirements. Yuanjing Energy, with its technological strength in the field of wind power and EnOS intelligent IoT operating system, provides smart wind farm products and comprehensive solutions for the entire lifecycle of wind farms. By utilizing autonomous intelligent control technology, Far East Energy has taken the lead in designing and manufacturing intelligent wind turbine products that can perceive, think, learn, judge, and make decisions, continuously improving wind power utilization efficiency and accelerating global renewable energy utilization. Meanwhile, Far East Energy ensures seamless project execution, reliable on-time delivery, and efficient after-sales service through its global supply network, providing customized solutions that meet specific customer needs, ultimately improving power generation efficiency and maximizing investment returns.
Taking the Indian market as an example, in the just passed first quarter of 2024, Far East Energy won 1234MW of new orders in the Indian market, continuing to lead the Indian wind power market. Xu Gang pointed out that in recent years, the zero carbon transformation has been unstoppable. As a "zero carbon technology partner" of global enterprises, governments, and institutions, Far East Energy not only provides globally leading products and solutions, but also brings the unique leading business model of zero carbon industrial parks to various parts of the world such as India, the Middle East, Latin America, and Spain, empowering more industries with green electricity and creating a green new industrial system. With outstanding sustainable development practices and contributions to net zero transformation, Far East Energy was awarded the EcoVadis Gold Award and became the first Chinese new energy company to receive an A - rating from CDP. In the future, Far East Energy's comprehensive solutions for wind, storage, hydrogen, and zero carbon industrial parks will continue to actively support the global zero carbon transformation.