Wood Mackenzie: 2020 Touts Highest Wind Installation Total on Record

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In 2020, 114 GW of new wind capacity was added globally, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record.  

China’s National Energy Administration reported 72 GW of installed capacity in 2020, which alone would have qualified as the most capacity added globally in a single year, says Wood Mackenzie. This total includes partially completed projects, as developers claimed full capacity to capitalize on the onshore wind subsidy before it expired at the end of last year.

As noted in the Wood Mackenzie report, the rest of the world – excluding China – added nearly 43 GW in 2020, a 15% increase YoY. Significant contributions came from the U.S. (+6,565 MW YoY), Brazil (+1,055 MW YoY), the Netherlands (+1,878 MW YoY) and Australia (+1,363 MW YoY).

“The global wind power industry will add nearly 1 TW of new capacity from 2021 to 2030, underscoring the important role wind technologies will play in the energy transition,” says Luke Lewandowski, research director at Wood Mackenzie. “China’s 1,200 GW target of wind and solar by 2030 will result in 408 GW of new wind capacity from 2021 to 2030, representing 41% of global build. Offshore capacity in the country will grow by 73 GW during this period, an 800% increase in installed capacity in this sector.”

The rest of Asia Pacific will add 126 GW throughout Wood Mackenzie’s 10-year outlook, with India accounting for half of that. Annual GW-scale offshore capacity additions in the region began this year, driven largely by Japan, South Korea, Taiwan and Vietnam.

A late 2020 extension of the production tax credit (PTC) in the U.S. has strengthened near-term expectations of 35 GW of new capacity from 2021 to 2023. From 2024 through 2030, new offshore capacity in the country is expected to average 4.5 GW per year and will comprise 40% of annual wind turbine build.

Photo by chaunceydavis818 is licensed under CC BY 2.0

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