Monday, 27 March 2023 14:32

Record new wind capacity to be installed by 2027

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A record 680 gigawatts (GW) of wind energy capacity is expected to be installed by 2027, but policymakers need to ensure that supply chain bottlenecks do not slow growth to avoid missing climate targets. The Global Wind Energy Council (GWEC) reports that policies have laid the groundwork for accelerated deployment of onshore and offshore wind power, with the industry expected to install 136 GW per year by 2027. Total global installed capacity rose to 907 GW last year, an increase of 78 GW from 2021. However, only 68 percent capacity is needed to help limit the increase in global average temperature to 1.5 degrees Celsius. With expected shortages of key components such as blades and generators in the second half of this century, Europe and the US risk supply chain shortages, especially if they implement policies to centralize production and manufacturing at home.

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