Wind industry must quadruple by the end of decade to ensure net zero by 2050

Record years for several regions and offshore wind reflect strong market growth, but installations must still quadruple by the end of the decade to meet a net zero pathway.

The wind industry enjoyed its second-best year ever in 2021, with almost 94 GW of capacity added globally despite a second year of the COVID-19 pandemic. This is just 1.8% less than the year-over-year wind energy growth rate in 2020. This is a clear sign of the incredible resilience and upward trajectory of the global wind industry.

However, as the Global Wind Report 2022 from the Global Wind Energy Council makes clear, this growth needs to quadruple by the end of the decade if the world is to stay on course for a 1.5C pathway and net zero by 2050.

Global capacity increased by 93.6 GW to bring total cumulative wind power capacity to 837 GW, which is year-over-year growth of 12%. While the world’s two biggest markets, China and the US, installed less new onshore wind capacity last year – 30.7 GW and 12.7 GW respectively – other regions enjoyed record years. Europe, Latin America and Africa & the Middle East, increased new onshore installations by 19%, 27% and 120%, respectively.

Ben Backwell, CEO of GWEC, said: “The wind industry continues to step up and deliver, but scaling up growth to the level required to reach Net Zero and achieve energy security will require a new, more proactive approach to policy making around the world.

The impact of COVID-19 was clear, with a slowdown in project commissioning in markets such as the US, India and Taiwan, for example. However, auction activities in 2021 demonstrated that growing wind deployment was a key strategy for many countries. Auctioned capacity was up 153% on 2020, with 88 GW awarded globally. Onshore wind makes up 69 GW (78%) of that, with offshore counting for 19 GW.

Wind is on a positive growth trajectory, but wind energy is not growing nearly fast or widely enough to realise a secure and resilient global energy transition. At current rates of installation, GWEC Market Intelligence forecasts that by 2030 we will have less than two-thirds of the wind energy capacity required for a 1.5°C and net zero pathway, effectively condemning us to miss our climate goals.

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