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IEA Wind TCP Annual Report 2021
The year 2021 saw newly added wind power capacity almost at the record year 2020 levels: global wind power installed capacity increased by 93 gigawatts (GW) to 837 GW, and offshore wind capacity made a new record reaching 57 GW total capacity by the end of the year [1]. The wind power industry continued to show good resilience, only slightly affected by the global pandemic. The demand for wind and renewables is surging as renewable energy addresses environmental and energy crises. A leap in yearly deployment numbers is needed to reach new targets set for 2030 and beyond. Auctions for land-based and offshore capacity were complemented by the private sector announcing investment decisions for new subsidy-free wind power plants through Power Pur- chase Agreements (PPAs). Increases in energy prices supported these auctions. Wind energy installations contributed to a growing industry with economic benefits, including direct and indirect job creation. The environmental and energy crises have accelerated and increased the trend of ambitious targets for renewables. These targets translate to doubling the wind power capacity from current numbers by 2030, even tenfold for offshore. There are challenges to overcome to achieve the new wind energy targets, like speeding up permitting by simplifying the authorisation procedures while ensuring public acceptance for wind will stay high. In addition, competitive tenders increase pressure for cost reductions in the whole value chain. At the same time, raw material prices and interest rates increase. Investments in wind energy research, development, and demonstration (RD&D) are needed across the whole value chain from basic research to testing and demonstration and include multiple disciplines. Within total public energy RD&D funding of 38.4 billion USD, renewable energy RD&D public funding constituted only 15% of total public energy RD&D. This 15% includes 438.7 million USD wind energy RD&D funding, which is a decrease from 2020 funding levels. This summary of ...
IEA Wind TCP Annual Report 2021
The year 2021 saw newly added wind power capacity almost at the record year 2020 levels: global wind power installed capacity increased by 93 gigawatts (GW) to 837 GW, and offshore wind capacity made a new record reaching 57 GW total capacity by the end of the year [1]. The wind power industry continued to show good resilience, only slightly affected by the global pandemic. The demand for wind and renewables is surging as renewable energy addresses environmental and energy crises. A leap in yearly deployment numbers is needed to reach new targets set for 2030 and beyond. Auctions for land-based and offshore capacity were complemented by the private sector announcing investment decisions for new subsidy-free wind power plants through Power Pur- chase Agreements (PPAs). Increases in energy prices supported these auctions. Wind energy installations contributed to a growing industry with economic benefits, including direct and indirect job creation. The environmental and energy crises have accelerated and increased the trend of ambitious targets for renewables. These targets translate to doubling the wind power capacity from current numbers by 2030, even tenfold for offshore. There are challenges to overcome to achieve the new wind energy targets, like speeding up permitting by simplifying the authorisation procedures while ensuring public acceptance for wind will stay high. In addition, competitive tenders increase pressure for cost reductions in the whole value chain. At the same time, raw material prices and interest rates increase. Investments in wind energy research, development, and demonstration (RD&D) are needed across the whole value chain from basic research to testing and demonstration and include multiple disciplines. Within total public energy RD&D funding of 38.4 billion USD, renewable energy RD&D public funding constituted only 15% of total public energy RD&D. This 15% includes 438.7 million USD wind energy RD&D funding, which is a decrease from 2020 funding levels. This summary of ...
IEA Wind TCP Annual Report 2021
Jørgensen, Birte Holst (author) / Holttinen, Hannele (author)
2022-01-01
Jørgensen , B H & Holttinen , H 2022 , IEA Wind TCP Annual Report 2021 . IEA , Denmark . < https://iea-wind.org/wp-content/uploads/2022/12/IEA_Wind_TCP_Annual_Report_2021.pdf >
Book
Electronic Resource
English
DDC:
690
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