A new report by GlobalData finds that China’s installed wind capacity will treble from 115.6 GW in 2014 to an estimated 347.2 GW by 2025.
Research and consulting firm GlobalData says that the Chinese wind power landscape in 2025 will be dominated by onshore wind capacity, accounting for 334.7 GW and representing just over 96 percent of all installations. Offshore wind will account for a mere 12.4 GW of installed capacity.
The report also finds that global growth will begin to level off by the end of the forecast period, with annual installations peaking at 56.8 GW in 2022. According to Harshavardhan Reddy Nagatham, GlobalData’s Analyst covering Renewable Energy, a bottleneck in China’s wind energy sector has emerged following an impressive growth period, which saw installed capacity increase almost twenty-fold from just 5.9 GW since 2007.
“The slowdown has been caused by the inability of China’s underdeveloped electrical grid to accommodate the increasing number of wind turbines in remote areas” said Mr Nagatham. “Although recent government efforts have supported the expansion and upgrade of the grid, future annual wind installations will not grow as much as before and will range between 20 GW and 22 GW each year during the next decade.”
Despite China’s relatively slow market, global wind energy installation will continue to expand, reaching 962.6 GW by the end of the forecast period. This will be driven primarily by the Asia-Pacific (APAC) region.
Nagatham added that there will be sustainable future growth in India, Australia, Japan, South Korea, the Philippines, Thailand, and Taiwan, as APAC wind installations are forecast to increase from 148.2 GW in 2014 to 437.8 GW by 2025, accounting for approximately 45.5 percent of the global total. Wind installations will also gain momentum in South and Central America, including Argentina, Brazil, Chile, Colombia, and Mexico adding up to 45.6 GW during the forecast period. Another significant contributor will be the Middle East and Africa region, which is presently at a nascent stage of wind market development.