Wind power capacity worldwide reaches 650.8 GW; coronavirus impact expected

17th April 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

The overall capacity of all wind turbines installed worldwide by the end of 2019 reached 650.8 GW, according to statistics published by the World Wind Energy Association (WWEA).

59 667 MW of capacity was added in 2019, substantially more than the 50 252 MW of capacity added in 2018.

Last year was the second strongest wind year in terms of market size, with a growth rate of 10.1%, higher than the 9.3% of the previous year, but lower than in 2016 and 2017.

All wind turbines installed by the end of 2019 can cover more than 6% of the global electricity demand, WWEA posits.

China and the US both showed strong years with 27.5 GW and 9.1 GW, respectively, of new installations − in both cases the biggest market volume of the last five years.

In particular, most of the European markets suffered from insufficient policies and faced a strong decline, in particular the collapse of the former world leader Germany, which only added 2 GW, down from 6.2 GW in 2017, the WWEA points out.

During an April 16 webinar hosted by the WWEA, experts from Australia, Brazil, China, Germany, India, Italy, Japan, the Republic of Korea, the Maghreb and Middle East and North Africa region, North America, Pakistan, Russia, Turkey and Ukraine presented updates on the most recent market development of the main world regions in 2019 and of current prospects and challenges.

The speakers agreed that the current coronavirus crisis would have a global impact on the market development this year, with the wind industry globally expected to experience a general slowdown in most markets.

Disrupted international supply chains and national lockdown regulations were hampering the wind sector, like most other industries.

“Many governments have started to prepare plans and stimulus programmes to restore their economies after the corona crisis.

"The WWEA’s advice to all governments: put investments in renewable energy, including wind power, at the centre of your economic strategies. Not only will this help overcome the economic devastation caused by the corona crisis, it will also address the world’s second challenge, the climate crisis,” says WWEA secretary general Stefan Gsänger.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION