Wind ‘to add 77GW every year this decade’

Published onApril 2, 2020

Wind power capacity is expected to grow on average by 77GW a year from 2020 to 2029, representing a growth of 112%, according to new data from Wood Mackenzie, The ‘Global Wind Power Market Outlook Update: Q1 2020’, found 62GW of wind capacity was added globally in 2019, a 23% increase from 2018 and the second-highest annual total after 2015, when the figure was 63GW. Wood Mackenzie research director Luke Lewandowski said: “A policy-induced build frenzy in China and the US largely drove an 11.5GW uptick in 2019 global net capacity additions when compared with 2018…However, Wood Mackenzie said while the story for 2019 was a positive one, 2020 will not be so lucky. The coronavirus is likely to impact the 150GW “bulge” in global wind capacity additions expected from 2020 to 2021, according to Wood Mackenzie’s report.

Source: https://renews.biz/59334/global-wind-to-grow-by-112-in-next-decade/