Global Wind Report 2019
The Global Wind Report looks at a number of key challenges required to accelerate the rate of wind energy installations for the energy transition around the world.
2019 was a successful year for the wind industry
Around the globe, the onshore wind industry had rapid growth. 2019 was the second largest year in its history with installations of 60.4 GW. This was mainly achieved due to the efforts made by China and the US.
Onshore wind keeps growing and becoming a secure source of energy
In 2019, 54.2 GW of onshore wind capacity was added globally, representing cumulative onshore wind beyond the 600 GW milestone.
- China and the USA remained the world’s largest onshore markets, together accounting for more than 60% of new onshore additions.
- Asia Pacific increased wind capacity in 27.3 GW last year, becoming the biggest market.
- Europe increased in new installations, as a result of the effort achieved by Spain, Sweden and Greece.
- Developing markets in Africa, the Middle East, Latin America, and South-East Asia showed steady but unspectacular growth with combined installations of 4.5 GW.
Offshore wind had one of the best years for the global industry
The offshore wind industry had more than 6 GW new installations.
- China achieved a new record installing more than 2.3 GW offshore wind in a single year.
- The United Kingdom had a record of installations of 1.8 GW. This country still remains the world’s largest offshore wind market in total capacity.
- Germany increased wind capacity in 1.1 GW with new installations.
However, there are still some regions that are still behind the offshore wind progress.
- Latin America, Africa, and the Middle East did not show any progress in the offshore wind industry.
The market responds positively to the growth of wind energy as a plausible solution for the energy transition in the world.
Market-based mechanisms continued to dominate the global wind market with China and Colombia launching auctions for the first time. New business models and new solutions continued to drive the growth of wind energy. The volume of signed corporate PPAs increased by nearly 30% last year.
However, it has become evident that cost-competitiveness does not guarantee the complete energy transition. It is important to put in place better regulatory systems, establish codes of transparency in procurement, provide better access to land or transmission infrastructure. The governments must commit to a clean energy transition.