BAKU, Azerbaijan, May 12
By Leman Zeynalova - Trend:
At 80 GW, the 2021 wind market is expected to be 30 percent weaker than last year’s, although still significantly exceeding 2019 additions, Trend reports with reference to the International Energy Agency (IEA).
“We expect slightly lower onshore and offshore growth in 2022. Having reached a record 10% in 2019, the offshore share of total wind additions declined in 2020 but is forecast to rebound to a record-breaking 12 percent in 2021-2022. Wind capacity additions reached almost 114 GW in 2020, almost doubling 2019 expansion. China alone accounted for two-thirds of global wind growth, with Chinese manufacturers supplying turbines for most of the country’s installations,” reads the IEA report.
Europe’s onshore wind growth is expected to accelerate in 2021 and 2022 as multiple large developments in France, Sweden and the Netherlands become operational while projects awarded in previous large-scale auctions are commissioned in Germany.
In 2020, annual renewable capacity additions increased 45 percent to almost 280 GW – the highest year-on year increase since 1999. Exceptionally high capacity additions become the “new normal” in 2021 and 2022, with renewables accounting for 90 percent of new power capacity expansion globally.
Solar PV development will continue to break records, with annual additions reaching 162 GW by 2022 – almost 50 percent higher than the pre-pandemic level of 2019. Global wind capacity additions increased more than 90 percent in 2020 to reach 114 GW. While the pace of annual market growth slows in 2021 and 2022, it is still 50 percent higher than the 2017-2019 average.
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