Key to Unlocking Immense Potential of India’s Wind Energy
In the global energy transition, India is one of the keystone countries for clean energy growth, coal phaseout and mobilisation of investment to power a low-carbon economy.
GWEC Newsletters
Highlights of the Asia Clean Energy Summit 2019 Wind Energy Conference
On 31 October 2019, energy industry leaders gathered in Singapore for the Wind Energy Conference at the Asia Clean Energy Summit (ACES). The conference, co-organised by the Global Wind Energy Council (GWEC) and the Sustainable Energy Association of Singapore (SEAS), featured dialogues on regulatory challenges, project financing and the latest technological advancements in the wind sector.
China Playing Catch-up in Offshore Turbine Technology
In 2018,11 manufacturers installed 735 units of offshore wind turbines globally, totaling 3,693 MW of capacity. – six out of the top ten suppliers are from China. Those companies are Shanghai Electric, Envision, Goldwind, Mingyang, United Power and XEMC. While China is certainly dominating in terms of supplying offshore turbines, they are still playing catch-up in terms offshore turbine technology.
Market to watch: South East Asia
Around the world, there is a palpable sense of urgency to accelerate the energy transition. With millions of citizens participating in the #FridaysForFuture movement and still more facing intensifying natural hazards like typhoons, droughts and hurricanes, climate change has become an indisputable condition of our modern world.
Wind and renewable energy have achieved strong progress in cost reduction and deployment so far, however their adoption has not been fast enough to slow the rate of carbon emissions.
Let’s explore the factors that are holding back South East Asia’s wind energy potential, and why we must urgently do everything we can to remove these obstacles for the future of the region.
Why the Time Is Now for an Energy Transition in South East Asia
There is no better time than now for our industry to step up the energy transition and to define our role in the future energy system: the cost reduction of wind energy, the improvement of the efficiencies and reliability of wind technologies and the mounting threat of the climate imperatives are making the case for wind energy.
Market to watch: China
China is the world’s largest wind power market in both new and cumulative installations. In 2018, the country installed 20.2 GW of onshore wind and 1.6 GW of offshore wind, representing 44% and 37% of global market share respectively.
China will end subsidies for new onshore wind power projects at the start of 2021, with renewable projects set to compete on an equal footing with coal- and gas-fired electricity, the country’s state planning agency announced.
Altogether, China continues to be on track to lead the transition from traditional energy sources such as coal, to wind and other renewables – and they are proving that this transition can now be subsidy-free!
