Newsletter

GWEC calls on governments to ensure regulation is fit for purpose and “look beyond LCOE”, in order to accelerate growth of wind energy and meet climate targets

GWEC has published the 15th edition of its flagship Global Wind Report, which finds that 60.4 GW of wind energy capacity was installed globally in 2019, a 19 per cent increase from installations in 2018 and the second-best year for wind historically.

Total capacity for wind energy globally is now over 651 GW, an increase of 10 per cent compared to 2018. China and the US-- both remain the world’s largest onshore wind markets, together accounting for more than 60 per cent of new capacity in 2019.

Offshore wind is playing an increasingly important role in driving global wind installations, with the sector installing a record 6.1 GW in 2019, accounting for a record share of 10 per cent of new installations.

2020 was expected to be a record year for wind energy, with GWEC forecasting 76 GW of new capacity. However, the full impact of COVID-19 on wind energy installations is still unknown. GWEC will revise its 2020-2024 forecast in the light of the potential impacts of COVID-19 on the global economy and energy markets, and will publish an updated market outlook in Q2 2020.

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