GWEC Report Predicts Installation Numbers for 2020

Wind Industry Profile of

Wind power will continue to show record growth over the next five years despite the impacts of the COVID-19 crisis, and will make a crucial contribution to economic recovery.

According to the latest market outlook published by GWEC Market Intelligence, 71.3 GW of wind power capacity is expected to be installed in 2020 despite the impacts of COVID-19, which is only a 6 per cent decrease from pre-COVID forecasts in Q1 2020. The forecast for offshore wind installations in 2020 has been increased by 5 per cent from pre-COVID forecasts to 6.5 GW, led by the installation rush in China. The wind industry is on-track to achieve record growth over the next five years with over 348 GW expected to be installed between 2020-2024, bringing total global wind... ... More: Official Press Release GWEC

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GWEC, report, 2020, record, installation, expanse, COVID-19, pandemic, resilience, growth, industry, China, capacity, GW