2019 was the second-biggest year for wind energy capacity additions, GWEC says

The Global
Wind Energy Council (GWEC), located in Brussels, stated in its most recent
Global Wind Report that 2019 was the second biggest year for wind power, with
installations of 60.4 GW of new capacity worldwide and a growth rate of 19%.

Market-based
mechanisms drove the growth, according to the report, with auctioned wind
capacity in 2019 surpassing 40 GW worldwide. This accounts for two-thirds new
capacity and doubles the auctioned capacity compared to 2018.

The majority
of wind energy installations in 2019 were located in established markets, with
the top 5 markets (China, US, UK, India and Spain) accounting for 70% of new
capacity. In terms of total installed capacity, China, U.S., U.K., India and
Spain account for 73% of the total 651 GW of wind power capacity worldwide.

Additionally,
the Asia Pacific region was the global leader for the new onshore wind
installations in 2019, installing 28.1 GW of new capacity or around half of the
new total globally.

Europe also
saw a 30% growth, driven by Spain, Sweden and Greece. Emerging markets in
Africa, the Middle East, Latin America and South East Asia showed moderate
growth as well, with combined installations of 4.5 GW.

Regarding offshore
wind, 2019 was a record year with 6.1 GW installed, accounting for 10% of total
global installations. China lead this growth with 2.3 GW installed in 2019.
U.K. remains in the top spot of cumulative offshore wind capacity, accounting
for nearly one-third of the 29.1 GW total capacity.

Additional Reading: Global
offshore wind installations up 35 percent in 2019, a new record

Ben Backwell, CEO at GWEC said, “The wind energy sector is continuing to see consistent growth, after having unequivocally established itself as a cost-competitive energy source worldwide.”

Feng Zhao, Strategy Director at GWEC, added, “New technology developments such as hybridization and green hydrogen are increasingly being implemented in both mature and emerging markets to increase the share of wind and other renewables in their energy systems. If policymakers and industry stakeholders embrace these new opportunities, we can accelerate the global energy transition to never-before-seen levels.”

The report
predicts continuous growth, with over 355 GW of wind energy capacity added over
the next five years. This would entail 71 GW of wind energy capacity added each
year until 2024; however, this forecast will be impacted due to COVID-19.

Although it
is too soon to predict the extent of the virus’s impact of the global economy
and energy market, GWEC Market Intelligence is monitoring the situation and
aims to publish an updated Market Outlook for 2020-2024 in Q2 2020.

The post 2019 was the second-biggest year for wind energy capacity additions, GWEC says appeared first on Renewable Energy World.

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