Wind electricity increased a record amount, but more effort is needed
However, to get on track with the Net Zero Emissions by 2050 Scenario, which has approximately 7 900 TWh of wind electricity generation in 2030, it is necessary to raise average annual capacity additions to almost 250 GW, more than double 2020’s record growth. Much greater efforts are needed to achieve this level of sustained capacity growth, with the most important areas for improvement being facilitating permitting for onshore wind and cost reductions for offshore wind.
Wind will grow faster than over the previous five years
In 2022, annual offshore wind capacity additions are forecast to decline more than 30% compared with 2021 because China’s record expansion of last year will halve now that developers are no longer rushing to beat subsidy phaseouts. Still, global annual offshore wind installations are expected to increase 50% to over 30 GW in 2027, propelled by policy support in the European Union, the United States and China. Taking long lead times and existing auctions and leasing schedules into consideration, further upside potential is possible but limited. Accordingly, offshore wind capacity growth is 20% higher in the accelerated case, with China claiming the majority.
Offshore wind has a remarkable potential
Renewables Data Explorer
Explore electricity, heat and transport data from Renewables 2022 and previous years
ETP Clean Energy Technology Guide
Interactive database of over 500 individual technology designs and components across the whole energy system that contribute to achieving the goal of net-zero emissions
Energy Statistics Data Browser
The most extensive selection of IEA statistics with charts and tables on 16 energy topics for over 170 countries and regions
Real-Time Electricity Tracker
Explore and compare real-time data on electricity demand, generation and spot prices from more than 50 sources
Levelised Cost of Electricity Calculator
Interactive table of LCOE estimates from Projected Costs of Generating Electricity 2020
Analysis and forecasts to 2026
Offshore Wind Outlook 2019
World Energy Outlook special report
Energy Technology Perspectives 2023
Is renewable energy capacity in the European Union making windfall profits from high wholesale prices?
How much will renewable hydrogen production drive demand for new renewable energy capacity by 2027?
Is the European Union on track to meet its REPowerEU goals?
Climate Resilience for Energy Security
The Wind TCP’s mission is to stimulate co-operation on wind energy research, development, and deployment (RD&D). The Wind TCP provides high quality information and analysis to member governments and commercial sector leaders by addressing technology development, deployment and its benefits, markets, and policy options.