Oct 22, 2012
Global wind energy capacity to double over five yearsBack
Africa|CoAL|Energy|Projects|Renewable Energy|Renewable-Energy|Africa|Energy|Wind Energy|Power
© Reuse this
Most of the growth would come from Latin America, Africa, India, China and the rest of Asia. In terms of cumulative wind capacity, while Europe had been ahead for some time, Sawyer said it was predicted that by 2016, Asia would have overtaken Europe as the leader in this regard.
Optimistic models predicted that by 2020, there would be 1 071 GW of installed wind power globally and 2 342 GW by 2030. However, more moderate models predicted 832 GW in 2020, and 1 778 GW in 2030.
Substantial growth was forecast for 2012, but policy uncertainty in the US is weighing on next year’s outlook, Sawyer said.
The biggest challenge facing the wind energy sector continued to be the perception that wind was more expensive than coal. According to a 2010 study in North America, the general perception by government officials and media was that installing wind capacity was four times more expensive than building coal plants, but the study showed that in the same year, the cost of building new wind energy projects was in reality on a level with those of coal.
“Ten, five years ago everybody said renewables are just too expensive. . . Every situation is different but on the whole, as a general statement, that is just no longer true. And that not only goes for wind but it also goes for solar [photovoltaic] and we have to combat that at every available opportunity,” said Sawyer.
Other challenges applicable both globally and in the South African context were the technicalities of integrating wind energy into countries’ electrical grids, removing the risk of wind investments to attract more institutional investment, and finding ways to work with solar photovoltaic energy providers rather than being pitted against them.
Sawyer added that the wind sector also had to convince policy makers that protectionist measures and trade barriers would be detrimental to many parties, including their own renewable-energy industry. Overall, a rise in protectionist practices in markets around the world had been seen over the last two to three years because of the economic slowdown and had resulted in increased local content requirements in the renewable-energy sector.
“From an industry perspective we are operating in a global supply chain and if our mandate is to deliver the largest number of renewable electrons at the lowest possible cost, all of these trade barriers just make the supply chain less efficient and make the overall process much more expensive. The political reality in different places means we will have to live with these local requirements wherever we go. South Africa is not unique in that regard,” he said.
Edited by: Mariaan Webb© Reuse this Comment Guidelines
Other Electricity News
Updated 1 hour 36 minutes ago Electricity producer Eskom has, for the first time, offered a detailed timeline for the synchronisation of Medupi Unit 6, which is officially scheduled for December 15, 2014. Addressing a joint meeting of the Portfolio Committees on Public Enterprises and Energy on...
Updated 2 hours 41 minutes ago State-owned electricity producer Eskom reported on Tuesday that a five-point recovery plan was being introduced in a bid to place its underperforming power station fleet on a “sustainable path”. However, Eskom cautioned that an additional 7 400 MW of capacity...
Updated 5 hours ago Public Enterprises Minister Lynne Brown told the Joint Parliamentary Committee on Energy and Public Enterprises on Tuesday that the new Eskom CEO would be appointed within weeks. She said she was “treating the appointment of a permanent CEO with urgency”.
Updated 1 hour 44 minutes ago Electricity producer Eskom has, for the first time, offered a detailed timeline for the synchronisation of Medupi Unit 6, which is officially scheduled for December 15, 2014. Addressing a joint meeting of the Portfolio Committees on Public Enterprises and Energy on...
Updated 1 hour 45 minutes ago As South Africa had largely exhausted the use of traditional mechanisms to stimulate the fiscus, government now needed to swing its focus to dealing with the internal structural issues that had, thus far, prevented the country from unlocking its true economic value,...
Updated 1 hour 53 minutes ago The Western Cape High Court will on Monday hear a Sanral application for information about the proposed N1/N2 Winelands Toll Highway Project to be kept secret, the City of Cape Town said. The application would be heard behind closed doors, mayoral committee member...
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...