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According to the latest data released by the Global Wind Energy Council (GWEC), the total installed wind capacity of North, Central and South America increased to 135 gigawatts (GW) in 2018, with 11.
9 GW of new wind power, an increase of 12%
year-on-year.
The North American (Canada and the United States) market is clearly one of the most well-known wind energy markets in the world, with a 10.
8%
increase in capacity in 2018 compared to the previous year.
The lack of concrete capacity additions is not surprising as industry associations around the world prepare for their annual reports, while GWEC highlights the growth of the North American offshore wind market, which made significant progress
in 2018.
"The North American wind market is one of the most mature and competitive markets for the wind industry," said Ben Backwell, CEO of GWEC.
The growth in corporate procurement in 2018 shows how corporate procurement can drive demand and sales
in other wind power markets.
”
At the same time, "the development of the wind power market in Latin America is also very positive, Brazil is again holding large-scale auctions, and we expect the first auction in Colombia to start this
month.
" Further investment in the supply chain in Argentina by leading OEMs Vestas and German Nordex proves the long-term potential
of the market.
”
Brazil added 2 GW of wind capacity in 2018, according to GWEC, and auctioned off further capacity
at a world record price of $22 per megawatt-hour (MWh).
Mexico, on the other hand, has installed nearly 1 GW of new capacity, bringing its cumulative capacity to 5 GW, as the country expects to reach its renewable energy target of 35%
by 2024.
Karin Ohlenforst, Director of Market Intelligence at GWEC, added: "North America, Central and South America will account for around
25% of the total global capacity additions in 2018.
In particular, the increase in capacity in South America proves the competitiveness
of wind power in the market.
”
According to the latest data released by the Global Wind Energy Council (GWEC), the total installed wind capacity of North, Central and South America increased to 135 gigawatts (GW) in 2018, with 11.
9 GW of new wind power, an increase of 12%
year-on-year.
The North American (Canada and the United States) market is clearly one of the most well-known wind energy markets in the world, with a 10.
8%
increase in capacity in 2018 compared to the previous year.
The lack of concrete capacity additions is not surprising as industry associations around the world prepare for their annual reports, while GWEC highlights the growth of the North American offshore wind market, which made significant progress
in 2018.
"The North American wind market is one of the most mature and competitive markets for the wind industry," said Ben Backwell, CEO of GWEC.
The growth in corporate procurement in 2018 shows how corporate procurement can drive demand and sales
in other wind power markets.
”
At the same time, "the development of the wind power market in Latin America is also very positive, Brazil is again holding large-scale auctions, and we expect the first auction in Colombia to start this
month.
" Further investment in the supply chain in Argentina by leading OEMs Vestas and German Nordex proves the long-term potential
of the market.
”
Brazil added 2 GW of wind capacity in 2018, according to GWEC, and auctioned off further capacity
at a world record price of $22 per megawatt-hour (MWh).
Mexico, on the other hand, has installed nearly 1 GW of new capacity, bringing its cumulative capacity to 5 GW, as the country expects to reach its renewable energy target of 35%
by 2024.
Karin Ohlenforst, Director of Market Intelligence at GWEC, added: "North America, Central and South America will account for around
25% of the total global capacity additions in 2018.
In particular, the increase in capacity in South America proves the competitiveness
of wind power in the market.
”