25 °C Singapore, SG
December 8, 2022
Latest News
Why turning waste into gas will add value to this Indigenous economy Renewable energy records tumble around Australia as rooftop solar power soars Topsoe supports SGP BioEnergy in renewable fuels production in Panama ‘Poor tropical regions’ suffer greatest economic damage from worsening heatwaves UNEP: Meeting global climate goals now requires ‘rapid transformation of societies’ Analysis: Africa’s unreported extreme weather in 2022 and climate change Partly wind-powered coal ship sails into Newcastle New fossil fuels ‘incompatible’ with 1.5C goal, comprehensive analysis finds Australian offshore wind ‘supercharged’ in Victoria as billions pledged to fast-track projects Goldwind turbine ‘breaks world record for largest rotor diameter’, Chinese media reports BW Ideol to work with developer Taiya on Taiwan floating wind pilot US to boost floating wind power Wind Power in South Korea – an overview GS E&C to develop bioethanol using cassava waste Korean business group has asked the US to make exceptions for Korean EV’s in Inflation Reduction Act Equinor’s Australian offshore wind debut Global energy transition stalls – 2022 Global Status Report in pictures India’s ReNew Power secures $1bn loan for gigascale 24/7 wind-solar-battery project POSCO International to merge with POSCO Energy Is the answer to Australia’s high electricity prices blowing in the wind? The Arctic has warmed ‘nearly four times faster’ than the global average Customer-centric demand response a key solution for Japan’s energy transition challenges Asia-Pacific forecast to reach 1 billion smart electricity meters by 2026 – study Polestar CEO Wants to Build O2 Electric Roadster Joanne Khew shifts from Standard Chartered Bank to ESG role at Eastspring Investments HCM City eyes advanced waste-management technologies Transitions to efficient LED lighting can mitigate the energy crisis New biobattery: using bacterial interactions to generate power European passenger plugin car market is still expanding Air Canada takes off with sustainable aviation fuel from San Francisco

Asia Pacific to drive ‘global market to 2030’

This growth will be slightly slower than the 35% increase between 2010 ($71.6 billion) and 2018 ($96.4 billion), analysts at GlobalData found.

Asia Pacific’s cumulative capacity reached 262.2GW in 2018, ahead of about 200GW and 100GW in Europe and North America, respectively.

Rapid growth in China — adding about 20GW per year between 2019 and 2030 to exceed more than 400GW by the end of the forecast period — will provide the bulk of the “significant capacity additions” in Asia Pacific in the next decade.

This increase will drive the global wind power sector’s market growth, the analysts stated.

Offshore

Offshore installations will ramp up during this period, with its share of total installed wind power capacity rising from 4.2% in 2019 to 9.6% in 2030.

The increasing share of offshore wind in cumulative capacity will be driven by large-scale installations that are already underway off a few countries’ coasts, GlobalData said.

China will install between 1GW and 3GW of offshore capacity a year between 2019 and 2030, while the US is due to add between 1GW and 2GW each year.

There will also be strong growth in waters off the UK and Germany.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *