The 15th flagship Global Wind Report 2019 by the Global Wind Energy Council (GWEC) provides a comprehensive overview of the global wind industry through the latest market data, country profiles, trends and analysis from GWEC Market Intelligence. Wind energy has expanded by leaps and bounds in the last 20 years, becoming a mainstream source of clean, cost-competitive energy around the world.
Key findings:
– 60.4 GW of wind energy capacity was installed globally in 2019, a 19 per cent increase from installations in 2018 and the second-best year for wind historically.
– China and US remain the world’s largest onshore wind markets, together accounting for more than 60 per cent of new capacity in 2019.
– Offshore wind is playing an increasingly important role in driving global wind installations, with the sector installing a record 6.1 GW in 2019, accounting for a record share of 10 per cent of new installations.
– The report identifies two major tools to further accelerate wind energy growth: shifting the focus from LCOE to building energy markets that support the long-term sustainability of the wind and renewable industries; and using emerging technological solutions such as hybridisation and green hydrogen to open new opportunities for the sector.
– 2020 was expected to be a record year for wind energy, with GWEC forecasting 76 GW of new capacity. However, the full impact of COVID-19 on wind energy installations is still unknown. GWEC will revise its 2020-2024 forecast in the light of the potential impacts of COVID-19 on the global economy and energy markets, and will publish an updated market outlook in Q2 2020.
More Details: https://gwec.net/global-wind-report-2019/