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Global wind capacity is expected to increase by 50%
over the next five years as technology costs fall further and emerging markets drive growth, according to an industry report released Wednesday.
In 2018, the global installed capacity of new wind power was 51.
3 kW, and the cumulative production capacity reached 591 GW
.
Due to the increasing competitiveness of emerging markets in Africa, the Middle East, Latin America and Southeast Asia, as well as offshore wind, new capacity is expected to exceed 300 GW
by 2023.
"In the short term, government support for tenders and renewable energy targets will continue to be an important driver of
new installations," GWEC said.
”
"In addition, opportunities for wind energy to operate on a commercial basis are increasing
as the industry continues to demonstrate its cost competitiveness and bilateral agreements, such as corporate power purchase agreements.
"
Global wind capacity is expected to increase by 50%
over the next five years as technology costs fall further and emerging markets drive growth, according to an industry report released Wednesday.
In 2018, the global installed capacity of new wind power was 51.
3 kW, and the cumulative production capacity reached 591 GW
.
Due to the increasing competitiveness of emerging markets in Africa, the Middle East, Latin America and Southeast Asia, as well as offshore wind, new capacity is expected to exceed 300 GW
by 2023.
"In the short term, government support for tenders and renewable energy targets will continue to be an important driver of
new installations," GWEC said.
”
"In addition, opportunities for wind energy to operate on a commercial basis are increasing
as the industry continues to demonstrate its cost competitiveness and bilateral agreements, such as corporate power purchase agreements.
"
