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.
An industry alliance led by the Global Wind Energy Council (GWEC) has called on the Government of Vietnam to urgently extend the wind energy Feed-in-Tariff (FiT) scheme. Vietnam’s wind industry is already facing a slowing of investment in 2020 because of uncertainty around the investment framework, and further delays to the FiT extension will hinder supply chain development and cost reduction in the emerging wind market, and ultimately undermine Vietnam’s goal of affordable, reliable and clean electricity
Today, the Global Wind Energy Council (GWEC), Thailand Wind Energy Association (ThaiWEA) and United States Agency for International Development (USAID) joined forces in Bangkok to hold the first Thailand Wind Energy Roundtable. This roundtable discussion brought together Thai government stakeholders and industry players active in the region to constructively discuss how to strengthen onshore wind development in Thailand. With 1.5 GW of onshore wind already installed, the country has a technical potential of 13-17 GW which could be developed by increasing target ambitions and support schemes for wind energy in Thailand’s Power Development Plan (PDP).
There is no better time than now for our industry to step up the energy transition and to define our role in the future energy system: the cost reduction of wind energy, the improvement of the efficiencies and reliability of wind technologies and the mounting threat of the climate imperatives are making the case for wind energy.
China is the world’s largest wind power market in both new and cumulative installations. In 2018, the country installed 20.2 GW of onshore wind and 1.6 GW of offshore wind, representing 44% and 37% of global market share respectively.
China will end subsidies for new onshore wind power projects at the start of 2021, with renewable projects set to compete on an equal footing with coal- and gas-fired electricity, the country’s state planning agency announced.
Altogether, China continues to be on track to lead the transition from traditional energy sources such as coal, to wind and other renewables – and they are proving that this transition can now be subsidy-free!
In this post, we will share more details on the SEA Taskforce Work Program which is mainly segmented based on the country work group.