More Than 680 Gigawatts Of New Wind Power To Come Online By 2027

More than 680 gigawatts (GW) of new wind power is expected to come online around the globe in the next decade, according to new research from Wood Mackenzie Power & Renewables.

Wood Mackenzie announced this week that it had upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to only a quarter ago, with the majority of the expected growth to occur in the medium-term, boosting annual capacity additions from 2020 to 2023 by an average of 2.7 GW.

However, it is the long-term outlook which is most impressive, with Wood Mackenzie analysts forecasting that more than 680 GW worth of new wind power — both onshore and offshore — will be brought online through 2027.

In Europe, Wood Mackenzie expects the maturation of the region’s offshore wind sector will act as a strong driver of growth, while both Japan and South Korea are expected to boast an offshore base of over 2 GW each — not bad, considering neither country has more than 100 megawatts worth of offshore capacity. Continue reading “More Than 680 Gigawatts Of New Wind Power To Come Online By 2027”