The Global Wind Energy Council launched the 2022 Global Wind Report on April 4, 2022. This year’s report looks at the next era of growth for the wind industry, as well as providing the most comprehensive set of data on the sector’s performance in 2021.
The global wind industry had its second-best year in 2021, with almost 94 GW of capacity added globally, trailing behind the 2020’s record growth by only 1.8%. Europe, Latin America and Africa & Middle East had record years for new onshore installations, but total onshore wind installations in 2021 was still 18% lower than the previous year. The decline was driven primarily by the slow-down of onshore wind growth in the world’s two largest wind power markets, China and the US.
Wind auction activities bounced back in 2021 with more than 88 GW of wind capacity awarded globally, 153% higher than in 2020. After a year in which net zero commitments gathered global momentum, coupled with renewed urgency for achieving energy security, the market outlook for the global wind industry looks even more positive. 557 GW of new capacity is expected to be added in the next five years under current policies. That is more than 110 GW of new installations each year until 2026.
Download the report here