GWEC Asia Newsletter

Market to Watch: APAC remains a strong manufacturing hub for turbine OEMs with record high supply side deliveries

Newsroom / By

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’.

Industry Pulse: Powering the Future – Workforce Requirement Conversion

Newsroom / By

Global Wind Organisation is the industry body responsible for safety training standards for over 90,000 of the world’s wind energy workers has revealed its network is emerging from Covid-19 lockdown. There are over 350 GWO Certified Training Centres in 43 countries around the world and up to 83% told a recent survey that they will have reopened their doors by the end of May.

Industry Pulse: India Wind Targets Are Sensitive to Policy and Regulations

GWEC Newsletters, Newsroom / By

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.

Market to Watch: Ramping up climate ambition and green recovery plans for a 1.5°C future

GWEC Newsletters, Newsroom / By

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.

Market to watch: China

GWEC Newsletters, Newsroom / By

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!

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