Summary
The global wind energy sector is anticipated to reach to a market size of over 2100 GW by 2030. The global overall wind energy installed capacity is likely to cross a mark of 1000 GW by the end of FY’2023 with over 115 GW of capacity to see commissioning this FY. Nearly 37% of this capacity shall see commissioning across Asia with China absorbing the most of it. It is pertinent to note that nearly 39 GW of fresh wind energy including both onshore & offshore shall be commissioned in China during FY’2023. With these fresh capacities reaching 100% realization, the overall wind energy market size of China shall cross a mark of 315 GW by April’2024, of which 50 GW would be offshore installations safely.
If we take a closer look at the transformation of global wind energy market, the coming decade will see an intensified focus on offshore wind as the sector matures and technology innovation and supply chain development help make offshore development more accessible in different regions of world. Offshore wind, getting widely recognized as a proven and reliable source of renewable energy—is likely to grow in the coming years.
According to Eninrac’s Global Wind Project Intelligence Tracker, global installed offshore wind capacity is expected to reach 773 GW (if 100% realized) by FY’2030, up from 63 GW currently in 2023. Rapidly expanding government commitments and technological progress are contributing to the positive outlook in established markets and countries new to offshore wind.
TOC
- Name of the project
- Country
- Exact Location
- Project Capacity (MW/GW)
- Type of wind project
- Anticipated Project Cost
- Commissioning year
- Project Operator**
- Project Owner**
- Turbine supplier
- Other contractor
- Construction Stage(Announce/Proposed, pre-construction(pre-feasibility/feasibility), statutory clearances, under-construction etc.
- Scope of Work
- Key Project Contacts
Key Highlights
- The global wind energy sector to become 2000 GW+ market space by FY’2030-31
- Coming decade will see an intensified focus on offshore wind with capacity expected to reach upto 773 GW
- Asia-Pacific region to show the greatest long term growth potential for wind energy developments, & is projected strongly to increase its cumulative wind energy installations over 600 GW by FY’2030-31
- With permitting policy in place, Europe shall rebound its renewable energy growth anticipating more than two times addition in the current wind energy installed capacity by FY’2030-31, opening a potential market size of more than USD 500 Billion
- Offshore wind in North America region is still in the infancy stage but the region holds serious potential of a turnaround & is projected to build approximately 37 GW by FY’2030-31
- South America on the contrary has a big market opening up for wind with upcoming capacity of 189 GW approximately, of this nearly 129 GW is the anticipated offshore capacity by FY’2030-31 i.e. either under construction/pre-construction/announced currently
Database Difference Margin
Unleashing Potential opportunities zones : The holistic wind projects intelligence tracker covers 5500+ number of upcoming offshore & onshore projects that are under construction, announced/proposed, pre-construction phase in varied countries across APAC, MENA, AMERICAs, AFRICA & MIDDLE EAST.
Monitoring Progress Towards Upcoming Development : Over 5400+ number of upcoming projects(Onshore & Offshore) with capacity 1200GW+ will be are monitored under the database.
Key Information : This Wind project tracker covers the contact database for 5400+ number of upcoming projects(Onshore & Offshore) for specified stakeholders such as- Owner/Developer/EPC contractor etc.
Report Insight : The Wind project tracker followed by an opportunity insight report covers analysis upon market sizing, identifying, ideal investment zones by regions, R.E. expansion plans till 2030 and gap analysis.
