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According to GWEC Market Intelligence, the global installed capacity of wind power in 2020 is about 71.
3GW, down 6%
from the pre-pandemic forecast in the first quarter.
Previously, new additions were expected to fall by as much as 20% this year, but the recent market outlook suggests that the impact of the pandemic is far
less than feared.
The biggest factor is that offshore wind is expected to grow by 5% year-on-year to 6.
5 GW
.
Ben Backwell, President of the World Wind Energy Association, explained, "This year, the COVID-19 pandemic has affected every industry around the world, but wind power is expected to continue to grow and prosper.
The increased cost competitiveness of wind power and the efforts to reduce the need to reduce emissions are undoubtedly the main reasons why
wind power can continue to grow and prosper.
The fossil fuel industry faces market turmoil and needs more help to stay afloat, while wind turbines around the world are continuing to be installed to provide affordable and clean energy
.
”
The Global Wind Energy Association's market research institute also predicts a record year for wind power in 2021, with 78GW
of new installed capacity expected throughout the year.
Between 2020 and 2024, more than 348 MW of new global capacity is expected to be added, which makes the cumulative installed capacity of global wind power expected to approach 1,000GW
.
More than half of the new onshore wind power is expected to come from the two major markets of China and the United States between 2020 and 2024, as developers plan to deploy wind power quickly before the subsidy policy expires
.
At the same time, during the forecast period, the cumulative cumulative installed capacity of new offshore wind power is expected to exceed 48 GW, and between 2025 and 2030, the world is expected to add 157 GW of offshore wind power
.
According to GWEC Market Intelligence, the global installed capacity of wind power in 2020 is about 71.
3GW, down 6%
from the pre-pandemic forecast in the first quarter.
Previously, new additions were expected to fall by as much as 20% this year, but the recent market outlook suggests that the impact of the pandemic is far
less than feared.
The biggest factor is that offshore wind is expected to grow by 5% year-on-year to 6.
5 GW
.
Ben Backwell, President of the World Wind Energy Association, explained, "This year, the COVID-19 pandemic has affected every industry around the world, but wind power is expected to continue to grow and prosper.
The increased cost competitiveness of wind power and the efforts to reduce the need to reduce emissions are undoubtedly the main reasons why
wind power can continue to grow and prosper.
The fossil fuel industry faces market turmoil and needs more help to stay afloat, while wind turbines around the world are continuing to be installed to provide affordable and clean energy
.
”
The Global Wind Energy Association's market research institute also predicts a record year for wind power in 2021, with 78GW
of new installed capacity expected throughout the year.
Between 2020 and 2024, more than 348 MW of new global capacity is expected to be added, which makes the cumulative installed capacity of global wind power expected to approach 1,000GW
.
More than half of the new onshore wind power is expected to come from the two major markets of China and the United States between 2020 and 2024, as developers plan to deploy wind power quickly before the subsidy policy expires
.
At the same time, during the forecast period, the cumulative cumulative installed capacity of new offshore wind power is expected to exceed 48 GW, and between 2025 and 2030, the world is expected to add 157 GW of offshore wind power
.