Global wind energy is on the rise, and the newest market outlook from Wood Mackenzie predicts that the industry will surpass the 1-terawatt (TW) threshold for installed capacity by the end of 2023. This is a significant acceleration of growth, as it took more than 40 years to reach the first TW of installations.
WoodMac forecasts that China will lead the way in wind capacity additions, with an average of 80 GW added annually and making up 50% of new capacity globally over the next ten years. Europe is also expected to add more than 343 GW of offshore and onshore wind capacity over the next decade, with offshore wind accounting for 39% of new capacity.
The global offshore wind sector is also ramping up quickly, and WoodMac predicts that it will experience sevenfold growth by 2032 and account for a 26% share of total capacity over the 10-year outlook. The US is expected to contribute to this growth, but developers are awaiting tax credit eligibility guidance from the US Treasury before they can move forward.
The Biden administration recently approved the TransWest Express Transmission Line, a 732-mile-long power line that will deliver wind energy from Wyoming to population centers in the Southwest. This line will provide 3,000 MW of new transmission capacity, and its first stage is expected to be completed in 2027.
International Energy Agency executive director Fatih Birol recently wrote in a Financial Times article that clean energy developments such as solar panels, wind turbines, electric vehicles, and heat pumps are expanding quickly, thanks to policies and investments that are supercharging their growth. It’s clear that wind energy is on track to become an increasingly important part of the global energy mix.
FAQ
Q1. When will electric cars be available in the UK?
A1. Electric cars are already available in the UK and can be purchased from a variety of dealerships.
Q2. Where can I find electric car charging stations near me?
A2. You can find electric car charging stations near you by using online maps or apps such as PlugShare or ChargePoint.
Q3. Which electric car is the best?
A3. The best electric car depends on your individual needs and preferences. Some popular models include the Tesla Model 3, Nissan Leaf, and Chevrolet Bolt EV.
