Alyssa Pek

OREAC: 1,400 GW of offshore wind is possible by 2050, and will be key for green recovery

On World Ocean Day, the Ocean Renewable Energy Action Coalition (OREAC) has announced its vision for 1,400 GW of offshore wind globally by 2050 to drive decarbonisation and a green economic recovery from the COVID-19 crisis. This ambition goes beyond current offshore wind forecasts, but is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition.

Wind can power a green recovery for Asia

In April, GWEC alongside signatories representing all the major wind industry corporates and associations globally released a statement urging governments across the world to put the wind industry at the centre of their economic recovery plans. This is particularly crucial for countries in Asia, where rising populations, GDP and energy demand are creating an urgent need to rapidly scale-up and renew the region’s infrastructure to create energy security and support economic growth.

GWEC Market Intelligence releases Q1 2020 Wind Auctions Database

As part of GWEC Market Intelligence’s services, the database on global wind auctions is an important tool for the industry to stay up-to-date on all the latest developments and business opportunities around the world. While the industry has been impacted by the COVID-19 crisis and auctions have been delayed or postponed in a few countries, other countries have found solutions to continue their scheduled auctions to continue driving forward wind power growth.

India must intensify policy reforms to revive wind growth beyond 50 GW by 2022: GWEC and MEC+

According to a new report released today by the Global Wind Energy Council (GWEC) and MEC+ (MEC Intelligence), India’s wind energy capacity can only realistically reach 50 GW by 2022. India Wind Outlook Towards 2022: Looking beyond the headwinds objectively analyses the factors which have led to a drag on market growth for India’s wind energy industry over the past two years, and provides an assessment on the forecast along with a pathway to overcome these challenges to realise the high potential of the market.

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