Global corporate PPA volumes reached 8.9GW in 2020 through July. Though activity is currently marching ahead of 2019, a big second half will be required in order for the market to hit record volumes by year-end.
Asia is set to become a leader in offshore wind, with its share in the global offshore wind market expected to grow from 24 per cent in 2019 to 42 per cent in 2025 and the rest of the decade.
The shift of corporate commitment to renewable energy from trend to true market driver is already underway. With dedicated commitment and advocacy, it has the potential to accelerate the energy transition across the Asia-Pacific (APAC) region.
The Global Wind Energy Council has released its quarterly update on the global wind auctions database, which shows that a total of 2.17 GW of wind power capacity was auctioned globally, of which 1.77 GW was in Europe and 0.4 GW in Asia-Pacific.
The Global Wind Energy Council (GWEC) and the European Chamber of Commerce Taiwan (ECCT) have signed a Memorandum of Understanding (MoU) to develop opportunities and areas for cooperation through joint advocacy initiatives and other activities to boost efforts in driving offshore wind developments in Taiwan.
Organised by the European Chamber of Commerce Taiwan (ECCT) Low Carbon Initiative (LCI) and Global Wind Energy Council (GWEC) the Global Offshore Wind Summit – Taiwan (GOWST) is the official industry event that brings together offshore wind leaders, investors, policymakers, and other stakeholders to power the growth of Taiwan’s emerging offshore wind market.
COVID-19 has affected communities globally, with more than 11.5 million reported cases as of July 6 — a pandemic that has quickly eclipsed other recent epidemics in both size and scope. In the face of certain challenges and uncertain risks, for many companies, and for GWEC Asia, continued success no longer hinges on momentum. Rather, it rides on resilience – the ability to dynamically reinvent business models and strategies as circumstances change.
Europe is considered the cradle for modern wind turbine technologies, which explains why European OEMs such as Vestas and Siemens Gamesa Renewable Energy are today’s global leaders in wind turbine manufacturing and turbine technology innovation. Although most Asian suppliers have historically relied on turbine technologies licensed from Europe to enter the wind industry, Asia Pacific has now become the world’s largest wind turbine manufacturing hub after a decade of development. In 2019, GWEC saw eight Asian turbine suppliers making the cut in the world’s top fifteen supplier ranking, as per GWEC Market Intelligence’s latest report ‘Supply Side Data 2019’.
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