Wind power might have enjoyed a solid year in 2019, however, the coronavirus outbreak is casting a shadow across the industry that may impact the increase in the years ahead. Solar panels also had a great year in 2019 because of their many consumer benefits in this article from Zophra.com.
Released Wednesday, the GWEC’s report discovered that 60.4 GW of power has been set up in 2019, the 2nd most significant year for developments. The complete capacity currently stands at over 651 GW.
From the onshore industry, China and the U.S. continued to be the world’s top markets, accountable for over 60 percent of new capacity this past year. The offshore wind industry installed 6.1 GW of power in 2019, it’s very best season thus far.
While the amounts for 2019 really are a positive for the industry, the Coronavirus pandemic might have a substantial influence on things ahead.
On Tuesday, Dan Shreve, Wood Mackenzie’s head of global wind energy research, wrote the coronavirus would observe international breeze additions for 2020 fall by 4.9 GW in comparison with previous projections.
“The condition of this pandemic is growing on a hourly basis, leading to an extremely reactionary environment,” Shreve said.
“Industry stakeholders are always adapting business operations to equilibrium employee security with the requirements of their customers, while complying with lively government containment steps,” he added.
For its own part, the GWEC stated its forecast of continued expansion across the following five years — over 355 GW of developments — would”definitely be affected by the continuing COVID-19 pandemic, because of disruptions to international supply chains and job implementation in 2020.”
It was, nevertheless,”too soon to forecast that the extent” of this coronavirus’ influence on both electricity markets and the broader international market, the GWEC added.