Research firm Wood Mackenzie says it anticipates the global wind power industry will install 1 TW of new capacity between 2021 and 2030. The world set a new record in wind installations in 2020 and saw a number of national and regional targets set for 2030, underscoring the important role of wind technology in the energy transition, according to Wood Mackenzie. Despite the growth in the wind energy market, there is a need for the enactment of new policies or revision of existing targets to ensure increased uptake of wind. Moreover, there is a need for increased collaboration between international lenders, energy project developers and both the private and public sectors to increase funding for wind energy project deployment.
Renewable Energy World 4th April 2021 read more »
Are we heading for an over-reliance on wind? With wind generation costs continuing to drop dramatically, Schalk Cloete takes a data-driven look at the obstacles wind will face as its contribution to the global energy mix (a little over 2% today) keeps rising. In the main, it is grid integration and public opposition to very visible turbines – and they are related. Putting turbines out of sight and offshore will increase transmission costs. And the system complexity of integrating new power sources into the grid will add costs that early-stage wind (and solar) have not yet faced. Cloete has modelled different technology mixes – including nuclear, CCS and hydrogen – and assigned a range of different possible costs to uncover what the energy mix and total system cost scenarios can look like. Depending on the fortunes of each technology, the plateau for wind may come sooner than its proponents believe. Cloete says wind’s weakness – that its remote location will increase its transmission costs – should be more acknowledged. He also urges policy makers to be tech neutral in their planning, so that the potential of nuclear and carbon capture is acknowledged too.
Energy Post 7th April 2021 read more »