Global Wind Keeps Growing

Wind power to 'grow 723GW by 2028'; Wood Mackenzie report says 50.2GW of new capacity was added last year

19 March 2019 (RENews)

“Global wind energy growth will see about 723GW of new capacity added in the next 10 years, according to a new report… 50.2GW was added in 2018, up 4% on the previous year, boosted mainly by growth in China…[Growth in China’s northern provinces] unlocked development, contributing to a 37% uptick year-on-year in the country (+5.6GW)…[Expiration of legacy subsidy programs led to downturns in Northern Europe (-26% YoY) and Western Europe (-36% YoY)… 2019 to 2021 will see 48% of the US's 10-year outlook come online in order for developers to fulfill production tax credit obligations…

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In Asia, aggressive renewables targets in India and offshore wind growth in Japan, South Korea and Taiwan will drive a 10-year CAGR of 12.2%, excluding China…Cumulative offshore capacity will grow to 19GW in 2028 from 111MW at the end of 2018…The annual share of offshore wind in China will average 18% of annual capacity from 2022 to 2028…In Europe, about 20GW a year is expected to be added over the next 10 years, with offshore wind the driving force…” click here for more

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