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China spearheads global wind power growth: report
REEI 2021/06/17

The government’s ambitious climate goals supported renewables in the country.

From being the largest consumer of coal, China’s determination to reach its zero net emission pledge by 2060 is driving up wind power growth in the world, according to a report by Fitch Solutions.

Fitch predicts that by 2030, the global installed wind capacity will reach just under 1,500 GW, an increase of 669GW from 2021. 

This growth will be led by the Asia and North America and Western Europe regions, with over 669 GW of new wind capacity coming online between 2021 and 2030.

Fitch said that China will remain the largest driver of growth with expected net additions of 332 GW – slightly more than all other global markets combined – with growth supported by the central government’s ambitious climate goals. This represents an annual growth rate of 9%.

However, Fitch said that grid bottlenecks are a persistent problem in the market and suggested that large-scale transmission upgrades from inland provinces will go a long way to elevate this problem.





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