4Q 2020

Global Wind Energy Database 4Q20

The global wind industry is estimated to install 62.1 GW in 2020, a 7% decline from the previous estimate of 66.8 GW made earlier in 2020. Despite the impacts of the current pandemic, global wind installations remained resilient overall due to the European Union recovery plan for renewables and the extension of tax credits in the US. 

The wind market continues to face challenges as some countries shift to competitive power contract auctions, tenders, and other wind procurement mechanisms that squeeze profit margins throughout the supply chain. In the previous database update, the US was expected to peak in 2020 at an annual capacity of 12.6 GW as the Production Tax Credit (PTC) for wind projects phased out. However, due to pandemic-related delays, the US is expected to peak in 2021 at more than 14.1 GW of annual capacity. The US and China in the short term are experiencing rapid near-term increases of capacity additions as generous policies change or phase out. Despite most renewable markets facing severe short-term disruptions due to COVID-19, offshore wind proved extremely resilient. Annual installations in offshore wind are expected to increase from 6.4 GW in 2020 to 20.7GW in 2030. Europe leads developed markets in offshore wind capacity, especially the UK, Germany, Belgium, Denmark, and the Netherlands.

This Guidehouse Insights report is an evolution on previous Guidehouse Insights coverage of the wind market. Its foundation is based on a new Excel model that is updated throughout the year. It focuses on tracking and compiling key market data for global regions and 36 countries, including historical annual and cumulative installed megawatts and 10-year forecasts. Segmentation includes onshore and offshore and distributed wind plus wind plant CAPEX forecasts.

Pages 12
Tables | Charts | Figures 6
  • Which countries will represent the largest markets for wind energy capacity additions in the coming decade?
  • How much wind capacity was installed in 2020 in key global countries tracked?
  • What mix of onshore, offshore, and distributed wind is expected in different countries and regions worldwide?
  • What are the key drivers for the different wind segments around the world?
  • How does this capacity forecast by segment translate into wind plant CAPEX investments?
  • Wind turbine manufacturers
  • Electricity generation utilities
  • Independent power producers
  • Wind turbine component suppliers
  • Wind power plant operations and maintenance companies
  • Materials manufacturers for wind energy components
  • Government agencies, policymakers, and researchers
  • Investor community

Global Wind Energy Database 4Q20 Dashboard

Total Annual Wind Capacity Additions by Application, World Markets: 2020-2030

Total Annual Wind Capacity Additions by Segment, World Markets: 2020-2030

Total Annual Wind CAPEX by Segment, World Markets: 4Q20

Total Annual Wind CAPEX by Region, World Markets: 4Q20

Total Annual Wind Capacity Additions by Region, World Markets: 2020-2030

Top 5 Countries by Total Annual Wind Capacity Additions, World Markets: 2020-2030

Annual New Installed Wind Capacity by Country, World Markets: 2020-2030

Cumulative Installed Wind Capacity by Country, World Markets: 2020-2030

Total Annual Wind CAPEX by Country, World Markets: 2020-2030

Global Wind Energy Database 4Q20

  • Total Annual Wind Capacity Additions by Application, World Markets: 2020-2030
  • Total Annual Wind Capacity Additions by Segment, 2020-2030
  • Total Annual Wind CAPEX by Segment, World Markets: 4Q20
  • Total Annual Wind CAPEX by Region, World Markets: 4Q20
  • Total Annual Wind Capacity Additions by Region, World Markets: 2020-2030
  • Top 5 Countries by Total Annual Wind Capacity Additions, World Markets: 2020-2030