Global wind energy capacity surpassed 1 TW (1,000 GW) by late 2024, with China dominating installations, adding over 117 GW new capacity in 2024 alone, bringing total to over 1.1 TW. While onshore wind saw record growth, offshore additions dipped, and overall growth rates slowed slightly outside China, with key markets like the US and Europe facing challenges, though new markets in Africa/Middle East showed promise. Wind power contributed significantly to global electricity, with 7.8% of world usage in 2023, led by countries like Denmark in share of national electricity
Global wind energy capacity surpassed 1 TW (1,000 GW) by late 2024, with China dominating installations, adding over 117 GW new capacity in 2024 alone, bringing total to over 1.1 TW. While onshore wind saw record growth, offshore additions dipped, and overall growth rates slowed slightly outside China, with key markets like the US and Europe facing challenges, though new markets in Africa/Middle East showed promise. Wind power contributed significantly to global electricity, with 7.8% of world usage in 2023, led by countries like Denmark in share of national electricity
.Key Figures & Trends (2024 Data)
Total Capacity:-
Over 1.1 Terawatts (TW) globally.
New Installations (2024):-
Around 117 GW added, slightly below 2023's numbers.
Leading Countries (New Capacity): -
China led significantly, followed by the US, Brazil, India, and Germany.
Regional Growth: -
China led global market; Africa & Middle East saw massive percentage growth; North America, LATAM, and Europe saw declines in new additions.
Top Countries by Total Installed Capacity (End of 2024)
China: -
Over 520 GW, more than triple the next country.
United States: -154 GW.
Germany: -73 GW.
India: -48 GW.
Brazil: -34 GW.
Key Insights
Onshore Dominance: -
The vast majority of new and total capacity remains onshore, though offshore wind is growing.
Policy Impact: -
Instability and permitting delays slowed growth in some major markets, impacting progress towards net-zero goals.
Emerging Markets:-
Countries like Egypt, Saudi Arabia, Uzbekistan, Australia, and Argentina showed strong growth
MJF Lion ER YK Sharma
Comments
Post a Comment