In the next decade, the global installed capacity of grid-connected wind power will exceed 680 GW

According to new research by Wood Mackenzie Power & Renewables, in the outlook for the next 10 years, more than 680 GW of new wind capacity will be connected to the grid
.
Most of these wind capacity upgrades occur in the medium term, i.
e.
an average annual increase of 2.
7GW
from 2020 to 2023.

The maturation of Europe's offshore wind industry remains a strong driver of wind energy in the region
.
"With 16 GW of offshore wind capacity installed in Europe by the end of 2018 and more than 47 GW expected to come online between 2018 and 2027, the European offshore wind market continues to be the focus of global wind growth," said
Luke Lewandowski, head of U.
S.
power and renewable energy research.

Lewandowski added: "The European offshore wind experience encourages governments in other regions to support offshore wind to meet carbon reduction strategies and renewable energy targets, as well as a more solid domestic electricity supply
.
”

In addition to the mature European market, the fledgling US offshore wind market also achieved significant sequential growth
.
"The attractive price signal is expected to drive increased state-level procurement activity from wind pioneer states like Massachusetts and New York, as well as long-term new entrants such as California and Delaware," Lewandowski said
.
U.
S.
offshore capacity is expected to increase to about 10 GW by the end of 2027, equivalent to 15%
of new capacity added in 10 years.

In the Americas, election results in Brazil, Mexico and Quebec, Canada have affected or could affect the outlook
for wind power in these markets.
The victory of conservative Brazil and Canada threatens the prospects
for long-term wind development.
The impact of a more liberal government in Mexico is unclear, but the new government needs to strike a balance between development and indigenous interests to realize the prospects
.

As auction incentives and financing commitments boom ahead of the market's renewable energy target deadline, demand from Australia's onshore wind sector has become an important measure
for the wind industry in the Asia-Pacific region to adjust.

The countries of Scandinavia, namely Sweden, Norway and Finland, will play an important role
in the development of the European wind power market over the next decade.
Increasingly competitive cost levels and expectations of higher electricity prices across Europe have triggered a series of project investment announcements and sub-regional electricity commitments, particularly from increasingly important companies and industrial sectors
.
These three countries are expected to account for 15%
of the new onshore capacity installed in Europe over the next 10 years.