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COP26: A Wind Industry Score-sheet

COP26 saw strong progress made towards agreeing a common commitment to achieve Net Zero and create a pathway to reach a 1.5C trajectory. However, countries will need to move fast to align on Nationally Determined Contributions that are fully consistent with this goal ahead of COP27. And even more importantly, policy makers and stakeholders need to move quickly now from words to action, removing barriers to renewable energy deployment and enabling a just energy transition.

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World installs 6.1GW of Offshore Wind in 2020, led by China

Offshore Wind capacity grew steadily in 2020, but governments will need to act decisively to improve policy in order to scale up installations at the pace required to help the world meet its carbon emissions targets and avoid the worst effects of global heating, according to the Global Wind Energy Council, which launches its flagship Global Offshore Wind Report 2021 today.

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GWEC: USD 6.7 billion in wind power investment in Vietnam at risk without COVID-19 relief

The COVID-19 situation in Vietnam has created many hardships. This extends to supply chain bottlenecks for wind project components, workers prevented from reaching project sites for crucial inspections and activities, travel restrictions for foreign personnel, and other issues. As of August 2021, an industry survey conducted by GWEC estimates that 4,000MW of mainly onshore wind projects in Vietnam are severely challenged by these extenuating circumstances, and are now at risk of missing the November deadline for the wind Feed-in Tariff (“FiT”).

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GWEC and Costa Rican energy agencies join forces to create a route for offshore wind development in Costa Rica

Today, the Global Wind Energy Council together with the Vice-ministry of Energy and Environmental Quality (MINAE) of Ministry of Environment and Energy and Costa Rican Electricity Institute (ICE) have kicked-off a joint initiative to build knowledge about the local benefits of offshore wind and explore pathways for its future development and growth in Costa Rica.

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Debrief: What do all these new climate pledges mean for renewables?

The Leaders Climate Summit promised to be a big moment on the (so far virtual) road to COP26. With global leaders setting out their updated NDCs and climate strategies ahead of the Glasgow-bound conference in November, it’s fair to say that global climate ambition has never been higher. Now that the dust has settled, it seems like a good moment to take stock of what the flurry of announcements means for renewables – and whether the ambition will be matched by action.

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Global wind industry unites to address climate emergency ahead of COP26

Leading wind energy corporates and associations from around the world have today launched the Global Wind Energy Coalition for COP26. Convened by the Global Wind Energy Council (“GWEC”), the voice of the global wind industry and RenewableUK (“RUK”), the wind energy trade association for the UK, the Global Wind Energy Coalition will carry out a series of activities to help governments, economies and communities to raise ambition and remove barriers to the massive scaling up in investments in wind power in order to reach Net Zero targets and stop dangerous global warming.

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GWEC releases Global Wind Turbine Supplier Ranking for 2020

GWEC Market Intelligence today released the preliminary rankings for the world’s top five wind turbine original equipment manufacturers (“OEMs”). Danish supplier Vestas held the title as the world’s largest supplier of wind turbines in 2020, thanks to the Danish supplier’s wide geographic diversification strategy, with new installations in 32 markets last year, and strong performance in the United States (US), Australia, Brazil, Netherland, France, Poland, Russia and Norway.

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China blows past global wind power records, doubling annual installations in 2020

According to the latest data released by GWEC Market Intelligence, 2020 was a record year for wind power growth in the Asia Pacific. This growth was driven by China, which installed 52 GW of new wind power capacity in 2020 according to initial data – double what the country installed in 2019 and more capacity installed in a single year by any country in history.

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GWEC India boosts local team with new Policy Director

The Global Wind Energy Council India (GWEC India) announced today that Martand Shardul, previously a Fellow at The Energy and Resources Institute (TERI), has joined GWEC India as its first Policy Director. Martand has more than a decade of experience in public policy, clean energy analytics and digital transformation in India and beyond.

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Africa is only tapping into 0.01% of its wind power potential

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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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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