Global wind industry adds 114 GW in 2020

Green Energy

Photo by Shaiith / Shutterstock.com

Around 114 GW (gigawatt) of new wind capacity was added globally in 2020, representing an 82% increase year-over-year, according to new research from Wood Mackenzie.

Last year marked the highest global annual installation total on record, the analyst outfit stated. China's National Energy Administration reported 72 GW of installed capacity in 2020, which alone would have qualified as the most capacity added globally in a single year, said Wood Mackenzie.

This total includes partially completed projects, as developers claimed full capacity to capitalize on the onshore wind subsidy before it expired at the end of last year. The rest of the world, excluding China, added nearly 43 GW in 2020, a 15% increase annually. On year, significant contributions came from the US (+6,565 MW), Brazil (+1,055 MW), the Netherlands (+1,878 MW), and Australia (+1,363 MW). 

ADVERTISEMENT

Prices of resale homes in central Budapest fall Residential

Prices of resale homes in central Budapest fall

Vast majority of Hungarians worried about climate change Analysis

Vast majority of Hungarians worried about climate change

Survey data suggests nearly 60% of Hungarians sure to be vac... Issues

Survey data suggests nearly 60% of Hungarians sure to be vac...

Most seasoned travelers plan domestic vacations this year Tourism

Most seasoned travelers plan domestic vacations this year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.