Global Wind Report 2022

Recently, the Global Wind Energy Council released the Global Wind Report 2022. The report provides a comprehensive overview of the world’s wind energy scenario. Key highlights if the report includes:

• China made up 80% of offshore wind capacity added worldwide in 2021 bringing its cumulative offshore wind installations to 27.7 GW. This is an astounding level of growth, as it took three decades for Europe to bring its total offshore wind capacity to a similar level.
• New offshore installations in 2022 are likely to decline to the 2019 / 2020 levels. Decline will be primarily due to the reduction of installations in China.
• However, market growth is expected to regain momentum from 2023, eventually passing the 30GW-mark in 2026.

Scope of Wind Energy Sector in India: In India, more than 1.4 GW of wind was installed in 2021 exceeding the 1.1 GW of installations during the previous year.

• The Government has set a target of installing 5 GW of offshore capacity by 2022 and 30 GW by 2030.
• India can generate 127 GW of offshore wind energy with its 7,600 km of coastline. However, India is yet to develop its offshore wind energy facility.
• The Indian wind market outlook for 2022 and 2023 is projected at 3.2 GW and 4.1 GW of onshore wind installations, respectively.