March 19 (Renewables Now) - Global wind power capacity additions in 2019-2028 are seen to reach 723 GW, a third of which in China, according to a report by Wood Mackenzie Power & Renewables.
Currently, the total global capacity is approachinbg 600 GW, so it will more than double over the next 10 years.
The world installed 50.2 GW of wind power generation capacity in 2018, up 4% on the year. The increase came thanks to growth in China, which offset a drop in Europe where the expiration of legacy subsidy programmes hit installation figures. The lifting of red warnings in key Northern provinces in China contributed to a 37% year-on-year increase in wind capacity deployment in the country. In Northern and Western Europe, meanwhile, capacity additions fell by 26% and 36%, respectively, from 2017 levels.
“China’s market recovery will continue, as additional provinces in the north work to lift red warnings, supporting 250 GW of capacity through to 2028,” said Luke Lewandowski, Wood Mackenzie Power & Renewables Research Director. He noted that from 2022 to 2028 offshore wind’s share in annual wind installations in China will average 18%, due to onshore grid constraints and saturation.
A revival is expected in Europe thanks to the launch of auctions for new renewable energy capacity. The region is expected to average 20 GW of annual installations, according to the market research company.
“Offshore remains central to Europe’s outlook, comprising more than 25% of new capacity over the outlook (CAGR of 14%) and penetrating new markets in Southern and Eastern Europe,” said Lewandowski.
In the US, a rush to complete projects under the Production Tax Credit (PTC) is expected from this year through 2021. Wood Mackenzie Power & Renewables projects that 48% of the new US capacity for the 10-year period would be put online in these three years.