Consultancy Make has downgraded by 5GW near-term expectations for global wind power capacity additions because of market disruptions caused by “auction dynamics”.
In its 'Q3 Global Wind Power Market Outlook', Make projects nearly 670GW of new capacity coming online between 2018 and 2027.
“The broad transition globally to auction mechanisms continues to impact quarterly adjustments to the outlook as changes in auction guidelines and scope as well as auction award announcements determine market size, particularly in the near-term,” the consultancy said.
Auction impacts in Brazil, Germany and India are highlighted by Make as the main drivers for the change in the overall outlook.
For example, the consultancy said low volume was procured in Brazil's A-6 auction, while in India concern over transmission availability has resulted in the government planning to re-tender at lower capacity than originally planned.
However, Make said that global firm turbine order intake increased 56% year-on-year in the second quarter of 2018. The increase is down to demand in the offshore sector.
In the first half of the year, the order intake is over 27GW, which the consultancy said is the highest volume over the last five years.