2020

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.

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.

The Time to Act is Now: Statement on Offshore Wind in Vietnam’s Power Development Plan 8

Among other technologically mature renewable energy technologies, offshore wind offers Vietnam a scalable, indigenous, clean and affordable source of electricity. There is an urgent need to differentiate intertidal projects from true offshore, as the two technologies are very different from each other, from the turbines employed and the foundation design, to the scale of the electricity output, cost profile and risks involved in the development of the projects. This paper is focused on various challenges and regulatory needs of the true offshore wind sector in Vietnam.