Home research Offshore wind energy installations could reach 5 Gigawatt annually in Asia
Offshore wind energy installations could reach 5 Gigawatt annually in Asia

Offshore wind energy installations could reach 5 Gigawatt annually in Asia

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For the first time, China installed more offshore capacity than any other market (1.8 Gw), followed by UK (1.3 Gw) and Germany (0.9 Gw) in 2018

New Delhi: Annual installations of offshore wind energy could reach 5,000 Gigawatt (Gw) or more annually in Asia if the governments remain committed and projects and investments continue as planned, Global Wind Energy Council (GWEC) said today.

“GWEC forecasts that offshore wind will become an increasingly global market. New Installations of 4.49 Gw in 2018 led the global offshore market to grow by 0.5 per cent, reaching a total installed capacity of 23 Gw,” the industry body said in a statement.

For the first time, China installed more offshore capacity than any other market (1.8 Gw), followed by UK (1.3 Gw) and Germany (0.9 Gw) in 2018.

The data released by GWEC shows the overall wind energy industry installed 51.3 Gw of new capacity in 2018. Since 2014, the global wind market has witnessed installations of over 50 Gw of new capacity each year.

“Despite a 3.9 per cent decrease in the global onshore market in annual terms, there was promise shown by growth in developing regions such as Latin America, South-East Asia and Africa which were responsible for 10 per cent of new onshore installations in 2018,” GWEC said.

GWEC forecasts that new installations will reach 55 Gw or more annually until 2023. Stable volumes will come from mature regions in Europe and the US, while significant growth is forecast to be driven by developing markets in South East Asia and the global offshore market.

Total installed wind capacity globally reached 591 Gw at the end of 2018, growing at 9.6 per cent compared to the end of 2017. Total installed offshore wind grew by 9 per cent while total offshore wind grew by 20 per cent, reaching 23 Gw.

Source: energy.economictimes.indiatimes

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Anand Gupta Editor - EQ Int'l Media Network