Wood Mackenzie: Global wind capacity to climb 60% in next five years

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:The outlook for the global wind market is on the upswing. According to Wood Mackenzie’s latest global wind power market update, global wind power capacity is expected to grow by 60 percent over the next five years.Our latest forecast shows a 5-gigawatt upgrade in the global offshore sector alone, yielding 129 gigawatts of new capacity and a compound annual growth rate of 26 percent for the burgeoning segment.Eligible offtakers are rallying to capitalize on the Production Tax Credit for wind before the full-value incentive expires in 2020 and then phases down. Developers qualifying wind facilities in 2017 are eligible for 80 percent of the full credit amount, incentivizing U.S. wind market growth. As a result, Wood Mackenzie has upgraded its outlook for the U.S. market by 16 percent quarter-over-quarter, highlighted by a 3.8-gigawatt upgrade in 2021 alone.The outlook in Northern Europe has been upgraded in the forecast by 6 percent. This should offset an otherwise dismal outlook update in Europe, as the other subregions combine for a 2.2-gigawatt downgrade.Onshore and offshore policy deadlines in China underpin a 2.9-gigawatt boost in the country from last quarter’s projections. Onshore developers are rushing to comply with a new policy that requires projects to be commissioned by the end of 2020 in order to capitalize on feed-in tariffs (FIT) before a subsidy-free era begins. Offshore developers must commission projects before the close of 2021 if they are to utilize the current level of offshore FIT.More: Global wind power capacity to grow by 60% over next 5 years Wood Mackenzie: Global wind capacity to climb 60% in next five yearslast_img

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