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Renewables Now:

The installed global wind power capacity is seen to surpass 1,756 GW by the end of the decade, achieving a cumulative annualised growth rate (CAGR) of 9% in the 2021-2030 period, Wood Mackenzie projects.

The research and consultancy group’s outlook has changed since the previous quarter to reflect a 69-GW increase in expected deployments. WoodMac made a 48-GW on-the-quarter upgrade to its forecast for China and the country is now expected to install 458 GW of wind this decade – more than any other market.

The upgrade for the US is of almost 12 GW, based on the expectation that Congress would pass a 100% Production Tax Credit (PTC) extension. The US is the second largest market for wind installations this decade with 150 GW of new farms expected to be built.

[Tsvetomira Tsanova]

More: WoodMac says world to have 1,756 GW of wind farms in 2030

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