Menu Close

Wind power sector still predicts big growth despite COVID-19

Offshore wind is enjoying a boom time. Policy targets, falling costs, smarter operations and more powerful wind turbines have driven its rapid adoption – initially in Europe and more recently in Asia and the US.

 

2019 was the best year in history for the offshore wind sector, with installed capacity now topping 29 gigawatts globally.

 

Europe still leads in terms of overall offshore wind capacity, but momentum has been building for some years in Asia-Pacific and the US. China recorded the highest number of new installations in 2019.

 

This is according to a new report by the Global Wind Energy Council (GWEC), which also finds that offshore wind has been less affected by the global pandemic than other sections of the energy market.

 

GWEC expects a further 6.6 GW to be installed in 2020 – more than in the previous year – despite the downturn. The report also predicts that the sector will create 900,000 jobs over the next 10 years, suggesting that the sector could be a major contributor to a ‘green’ economic recovery.

 

Europe continues to lead – but Asia is biting at its heels

Today, Europe is the largest market for offshore wind, with its 22 GW making up 75% of total global installations. It’s set to continue this leadership role, targeting up to 450 GW of offshore wind capacity by 2050. This will be driven by installations in the UK, Netherlands, France, Germany, Denmark and Poland.

 

By 2030, China is expected to have added 52 GW of new capacity. Other markets in Asia will scale up offshore wind too, with Taiwan expected to install 5.5 GW by 2025 and an additional 10 GW by 2035. Viet Nam, Japan and South Korea are expected to install 5.2 GW, 7.2 GW and 12 GW respectively.

 

The roll-out of offshore wind farms in North America, meanwhile, is predicted to accelerate from around 2024. The region currently has just 30 MW of offshore wind capacity, but GWEC anticipates that it will add 23 GW by 2030. This growth will be almost completely in the US, with only 1% forecast to come from Canada.

 

As a result of these trends, Europe’s leadership is set to drop from 75% of global installed capacity to 48% by 2030.

 

Floating power rising

Technically, the expanding size and generation capacity of offshore wind turbines has contributed significantly to the attractiveness and commercial viability of these power plants in the sea.

 

According to the International Energy Agency (IEA), moving into deeper waters using floating – rather than fixed – wind turbines has the potential to meet the world’s electricity demand 11 times over by 2040. For this to happen, though, costs will have to fall and governments will need to engage with developing technologies and approaches.

 

The GWEC report suggests that at least 6.2 GW of floating wind will be installed over the next decade, building on the 65.7 MW that exists today.

 

At present, the UK, Portugal and Japan lead the market in total floating installations, with South Korea, France and Norway forecast to take over the top places by 2030. GWEC expects floating wind farms to account for 6% of global new installations by the end of the decade.

 

Smoothing the path for the energy transition

Now considered a mature market with a growing global following, offshore wind is set to become a key pathway for the energy transition – and a $1 trillion industry by 2040.

 

View: Source

View: More news

Related Posts

81 Comments

  1. asmr https://0mniartist.tumblr.com

    Greetings from Ohio! I’m bored to tears at work so I decided to check out your website on my iphone during lunch break.
    I love the information you present here and
    can’t wait to take a look when I get home. I’m amazed at how
    fast your blog loaded on my mobile .. I’m not
    even using WIFI, just 3G .. Anyways, very good site!
    asmr 0mniartist

  2. 0mniartist

    wonderful points altogether, you just won a new reader.
    What would you suggest in regards to your put up that you just made a few
    days in the past? Any certain? asmr 0mniartist

  3. j.mp

    You made some really good points there. I looked on the internet for additional information about the issue and
    found most individuals will go along with your views on this web site.
    asmr 0mniartist

  4. are asmr

    I simply could not depart your website before suggesting
    that I really enjoyed the standard information an individual
    provide in your guests? Is going to be back steadily in order to check out new posts

  5. asmr for

    You’re so interesting! I don’t believe I’ve truly read through anything like that before.
    So wonderful to find somebody with some genuine thoughts on this subject
    matter. Really.. thank you for starting this up. This
    website is one thing that is required on the web, someone with some originality!

  6. asmr what

    When someone writes an post he/she retains the image of a user in his/her
    brain that how a user can know it. So that’s why this article is perfect.
    Thanks!

  7. off gamefly

    Write more, thats all I have to say. Literally,
    it seems as though you relied on the video to make your point.
    You obviously know what youre talking about, why throw away your
    intelligence on just posting videos to your site when you could be giving us something informative to
    read?

  8. our asmr

    Ahaa, its good dialogue about this piece of writing
    here at this webpage, I have read all that, so at this
    time me also commenting at this place.

  9. tinyurl.com

    I know this web page offers quality dependent content and extra information, is there any other web site which presents these
    kinds of data in quality?

  10. asmr what

    Does your blog have a contact page? I’m having problems locating
    it but, I’d like to send you an email. I’ve got some suggestions
    for your blog you might be interested in hearing. Either way,
    great site and I look forward to seeing it expand over
    time.

  11. is asmr

    Generally I do not read post on blogs, however I would like to say that this write-up
    very forced me to take a look at and do so! Your writing taste has been amazed me.
    Thanks, very great post.

  12. http://tinyurl.com

    scoliosis
    What’s Taking place i’m new to this, I stumbled upon this I have discovered It
    absolutely helpful and it has helped me out loads. I am hoping to give a contribution & aid other customers like its helped me.
    Good job. scoliosis

  13. http://tinyurl.com/

    scoliosis
    Today, while I was at work, my sister stole my apple ipad and tested to see if
    it can survive a 25 foot drop, just so she can be a youtube sensation. My
    iPad is now destroyed and she has 83 views.
    I know this is entirely off topic but I had to share it with someone!
    scoliosis

  14. https://785days.tumblr.com/

    dating sites
    What i don’t understood is actually how you are now not really much more
    well-favored than you might be right now. You’re very intelligent.
    You realize thus significantly in the case of this matter, produced me in my opinion believe it
    from a lot of various angles. Its like women and men are not involved except it is one thing to accomplish with Woman gaga!
    Your personal stuffs excellent. At all times maintain it up!
    https://785days.tumblr.com/ free dating sites

  15. https://6869milesoflove.tumblr.com/

    free dating sites
    Hello, I do believe your site might be having web browser compatibility
    issues. Whenever I look at your website in Safari, it looks fine but when opening in Internet Explorer, it’s got some
    overlapping issues. I just wanted to provide you with a quick heads up!
    Aside from that, great blog! free dating sites

  16. asmr a

    This is a very good tip especially to those new to the blogosphere.
    Short but very precise information… Appreciate your sharing this one.

    A must read post!

  17. dating sites what

    Great goods from you, man. I have understand your
    stuff previous to and you’re just extremely excellent. I really like what you have acquired here, certainly like what
    you are saying and the way in which you say it.

    You make it enjoyable and you still care for to keep it wise.

    I cant wait to read much more from you. This is really a terrific site.

Leave a Reply

Your email address will not be published.