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搖錢樹娛樂城 Intelligence Global Forecast: August 2024

Below we present our latest global capacity forecasts to 2030.

Project summary

David Carr, Data Editor

July saw no ‘summer lull’ in activity. In the USA, Clearway Energy Group signed a 25-year PPA with Puget Sound Energy, linked to the 315MW Haymaker in Montana and commercial operations were under way at Enel’s 300MW Seven Cowboy in Oklahoma. The BOEM approved the 2.8GW Atlantic Shores projects and the 2.6GW New England Wind’s construction and operations plan. It also completed its environmental review of US Wind’s proposed 1.1-2.2GW Maryland offshore wind development. But it cancelled its proposed Gulf of Mexico lease sale due to a lack of competitive interest. Meanwhile, the start of construction at Sunrise Wind was marked and Ørsted completed its acquisition of Eversource’s 50% stake, assuming full ownership of the 924MW project. And Dominion Energy agreed to acquire the Kitty Hawk North Wind lease from Avangrid. In Chile, HNH Energy applied for a licence to build a 1.4GW wind farm, as part of a green hydrogen project. And in Brazil, EDF commissioned the 480MW Serra do Seridó.

Goldwind agreed to supply 33 turbines to the 206MW Ruisi project in Georgia, while construction was under way at PPC Renewables' 140MW project in Romania. NeXtWind and VSB Group were set to partner on the 115.2MW Zörbig repowering project in Germany. And Boralex secured a three-year PPA with Statkraft, linked to its 106MW Limekiln in Scotland. In the offshore sector, the application for RWE’s and Masdar’s 3GW Dogger Bank South was accepted for examination. A consent application was submitted for the up to 3.6GW Ossian and Thistle Wind Partners submitted the Offshore Scoping Report for its 1GW Ayre project. Meanwhile, all of the 1.2GW Dogger Bank A’s inter-array cables were in place and first power was achieved at the 882MW Moray West. Elsewhere, RWE and TotalEnergies agreed to jointly deliver the 795MW OranjeWind, while Vestas agreed to supply its turbines and Sif, its foundations. 

In China, the 1.38GW Ke'erqin in Inner Mongolia was brought online, while construction of the 1GW Jinta Baofeng in Gansu started. In Australia, feasibility licences were granted for 12 offshore wind projects in the Bass Strait. Onshore, WestWind Energy commenced ecological surveys for the proposed 1.5GW Cameron Downs Energy Park. Spark Renewables submitted an EIS for the Dinawan Energy Hub. And Acciona filed for environmental approval for its 1GW Herries Range project. Elsewhere, Infinity Power signed an MoU with the Cameroon West Regional Council, regarding the development of up to 4GW of renewable energy capacity by 2035, as well as one with the Government of Sierra Leone, focused on 1GW of renewables by 2033. ACWA Power divested 35% stakes in the under-construction 500MW Bash and 500MW Dzhankeldy projects in Uzbekistan. And China National Petroleum Corporation and Samruk Energy agreed to co-develop a 400MW wind farm in the Caspian Sea.

Monthly forecast

Xinxin Wang, Insights Analyst

From an estimated 1,060GW at present, we expect to see the world as a whole being host to around 1,685GW by the end of 2030. 

Asia-Pacific will account for 882.7GW of this, Europe, for just under 419GW, the Americas, just under 340GW and the Middle East and Africa, 43.6GW.

Europe

Our forecasts for Europe are largely unchanged from a month ago and we still expect to see just under 419GW being in place by the end of the outlook period. 

Germany’s on- and offshore totals are expected to have reached 79.5GW and 26.2GW by 2030, while Spain should be host to 38.1GW onshore and 2.4GW offshore by then.

The UK’s end-2030 on- and offshore totals are forecast at 26.4GW and 32.9GW, while France’s are expected to have reached 31.1GW and 5.8GW.

North America

From an estimated 176GW at present, we expect to see North America being host to 256.7GW by the end of the outlook period. 

In the USA, we foresee 224.4GW being in place by 2030, around 19GW of which will be offshore.

On a state-by-state basis, we continue to expect Texas, Iowa, Oklahoma and Kansas to account for around half of the USA’s onshore capacity between them. Their end-2030 totals are forecast at 57.9GW, 17.3GW, 14.9GW and 11.5GW, respectively.

In Canada, we foresee capacity having reached just under 23GW by the end of the outlook period, while our end-2030 forecast for Mexico is 9.4GW.

Asia-Pacific*

By the end of 2030, we expect the Asia-Pacific region to be host to just under 883GW of on- and offshore wind capacity. 

China alone will account for 652.6GW onshore and 74.5GW offshore by then. In India, we foresee just over 63GW being in place and in Australia, around 27GW. 

Japan’s end-2030 on- and offshore totals are forecast at 8GW and 5.3GW, while Vietnam’s are forecast at 6.1GW and 6GW.

Growth in South Korea’s and Taiwan’s offshore sectors, meanwhile, should see their offshore capacity totals having reached 9.5GW and 11.5GW by the end of the outlook period.

Central & South America

Our forecasts for Central and South America are unchanged from a month ago and from just over 45GW at present, we still foresee the region’s total installed capacity having topped 83GW by the end of 2030.

Brazil’s total is expected to have reached just under 50GW by the end of the outlook period, Chile’s, almost 16GW and Argentina’s, 5.7GW. 

Uruguay will be host to 1.8GW by 2030 and the ‘others’ in the region combined, around 10GW.

Middle East & Africa

Our forecasts for the MEA region remain largely unchanged from a month ago and from an estimated 23.3GW at present, we still expect the region’s total to have reached 43.6GW by the end of 2030.

Turkey will add around 6GW of capacity over the outlook period, taking its total to just over 18GW. 

Growth in South Africa will see its end-2030 total having reached 5.8GW, while Morocco’s should have reached 6.8GW. Egypt’s end-2030 total is forecast at 4.5GW. 

And between them, the ‘others’ in the region are expected to be host to 8.3GW by the end of the outlook period.