WoodMac projects 723 GW in new wind capacity by 2028

Spurred on by more and more offshore capacity, Europe will remain a key wind energy market throughout the coming decade. The US will play a central role in the next few years, while China will be the long-term growth driver.

China and offshore wind will drive the sector during the next ten years, WoodMac assesses. | Photo: Goldwind

According to energy analyst firm Wood Mackenzie, 2018 saw 50.2 GW in new wind capacity installed on a global scale. Unlike trade association Global Wind Energy Council (GWEC), WoodMac noted a slight growth relative to the preceding year – but this is far less than the forecast for the coming decade. 723 GW in new installations are expected for the period 2019-'28, which is more the twice current global capacity, assesses WoodMac in its latest ten-year prognosis.

The analyst firm thereby takes a more positive outlook compared to its December prognosis for 2018-'27, which estimated an expansion of 680 GW during the period.

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