New updated data on global wind capacity, gathered in new WoodMac study, predicts annual capacity increases of 71 GW from 2019-2023 and 76 GW until 2028.
Global wind capacity will increase by 60% over the next five years.
He is supported by Wood Mackenzie Power and Renewables, in their new “Global Outlook Power Outlook Market Update“.
The company has updated its forecast for wind power, revising upward trends announced in the last quarter. The report highlights the strong growth expected in the coming years under relentless pressure from China and the United States: the document speaks of a new annual wind capacity of, on average, 71 GW from 2019 to 2023 and 76 GW 2024-2028 Commenting on the data, Luke Lewandowski, Director of Wood Mackenzie Power & Renewables, said: “Overall, the outlook is positive and global wind energy continues to thrive with economic and social benefits.. “
There are two main trends in this growth. The first is in the United States, where buyers are rallying to capitalize on the Renewable Power Production (CTP) tax credit before the full value of the incentive expires in 2020, then gradually decreases. .
“New state-level targets in the United States and strengthening of standard renewable energy portfolio mechanisms (which require electricity providers to produce a specific fraction of their electricity from renewable sources) across the country are expected. support the post-CTP trialLewandowski added.
The second major weapon is the deadlines imposed on China’s onshore and offshore wind policy. Land-based projects are rushing to capitalize on feed-in tariffs (FIT) before the start of the subsidy-free era.
Likewise, developers of offshore power plants are stepping up so as not to lose the current level of incentives, which will expire in 2021.
“However, the story is not entirely positive in the Asia-Pacific region. -notice the analyst-, Government-imposed maximum auction prices and delays in launching incentive projects have significantly slowed short-term growth expectations in India. In addition, reliability issues in Thailand resulted in a 37% drop from the 10-year outlook as the government focused on other technologies.. “