India is the world’s fourth-largest onshore wind market by installations, with 37.5 GW of capacity as of 2019. Technical potential at 120-metre hub height is a whopping 695 GW, according the National Institute of Wind Energy, and the government has set a wind capacity target of 60 GW by 2022 and 140 GW by 2030. Wind is already the second most competitive energy source on India’s grid.
As the world battles the coronavirus pandemic, it is critical to maintain sight of long-term climate objectives. International commitment to climate action can be the key to enabling economies to recover and rebuild more resilient systems once the storm has passed. Acceleration of renewables could power a green economic recovery, unlocking at least $50 trillion to boost global GDP and power millions of renewable energy jobs by 2050, according to the recent Global Renewables Outlook by IRENA.
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.
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.
Of all the possible shocks any of us thought we would have to deal with only a few short weeks ago, a deadly, global pandemic in the form of Covid-19 just wasn’t on anybody’s
radar. Like many other manufacturing or service enterprises, supply chains in the wind sector will continue to be impacted in the weeks and months ahead. Some project mile-stones
will be deferred, with impacts being felt throughout the whole value chain, whilst at the operational level; turbines, blades, component and material orders will be cancelled or unfulfilled.
As the COVID-19 pandemic widens overseas, many Asian countries now going through a second wave of outbreak and massive lockdowns continue to be in effect across South East Asia (SEA). Amid the dark clouds, GWEC Asia has not slowed down our policy efforts and have taken massive steps forwards in one of our priority markets: Vietnam.
With a coastline of more than 3,000 km and an average wind speeds of 8m/s-9m/s in the south, Vietnam´s potential to develop and generate wind power is substantial. In two reports both by the World Bank Group, Wind Resource Atlas and Going Global: Expanding Offshore Wind to Emerging Markets, a whopping 24 GW of onshore and 475 GW of offshore wind technical capacity was identified across Vietnam. By the end of 2019, Vietnam has a total cumulative installed wind power capacity of 487.4 MW, which includes 99 MW of intertidal projects, the first of its kind in the ASEAN region. Due to the strong flows of foreign and domestic investors into Vietnam’s wind sector, the market is predicted to install approximately 4 GW of wind capacity by 2025.
Ahead of GWEC’s inaugural London Energy Transition Dinner in September 2020, we are tackling some of the big issues that we need to address in order to accelerate the global energy transition. In this month’s edition of our Energy Transition Talks, we spoke with Aleksandra Klassen, RE100 Senior Impact Manager at The Climate Group.
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