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China installed half of new global offshore wind capacity during 2020 in record year

According to the latest data released by GWEC Market Intelligence, the global offshore wind industry had its second-best year ever in 2020 installing over 6 GW of new capacity, keeping growth on track despite the impacts of COVID-19 felt in other energy sectors. This growth was driven by a record year in China, which lead the world in new annual offshore wind capacity for the third year in a row, and installed over half of the new offshore wind capacity globally last year.

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Nearly 30 GW of new wind power capacity auctioned in H2 2020, a clear signal that growth is back on-track

According to new analysis by GWEC Market Intelligence in its latest Q4 2020 Wind Energy Auction Update, nearly 30 GW of new wind power capacity was awarded globally through auctions in the second half of 2020, which is a slight increase compared to the 28 GW awarded during H2 2019. This surge in new auctioned capacity is a clear signal that the industry is back on track and committed to building up the global pipeline of wind power projects.

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A gust of growth in China makes 2020 a record year for wind energy

The 2020 new wind power capacity figures for China, released yesterday by the National Energy Administration (NEA), are truly formidable. The NEA announced that a staggering 71.7 GW of new wind capacity was installed last year – more than double China’s previous annual growth record and far exceeding GWEC’s Q3 2020 expectations.

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Global wind O&M service market to see double digit growth from 2020 to 2024

GWEC Market Intelligence has published the second edition of its annual Wind O&M Service Provider Overview and Database, which shows that the global wind O&M service market is set to experience a major boom over the next five years. While the latest GWEC Market Intelligence market outlook expects a solid 3 per cent compound annual growth rate (CAGR) for new wind installations from 2020-2024, the CAGR for the aftersales and service market is expected to be in the double digits over the same period.

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