Regional Activity

Wind energy capacity is growing rapidly around the world as countries transition away from fossil fuels in favour of low-carbon alternatives, along with solar, wind power has become the dominant technology of the low-carbon energy shift as the world attempts to reduce emissions and limit global warming.

As a frontrunner in the energy transition, the EU currently has at least 82 interconnectors across 22 borders, and grid integration is also strong in regions like Central America. The EU currently has the largest floating wind energy capacity in the world – about 70% of the total.
By end 2020, the total installed wind energy capacity could reach 210GW, equivalent to supplying 14% of electricity demand. By 2030 it could reach 350GW, supplying up to 24% of electricity demand.
This region stretches from Myanmar to Papua New Guinea and includes Thailand and the Philippines. The 10 countries in the Association of Southeast Asian Nations (ASEAN) are home to 615 million people, fast-growing economies and rising energy demand. ASEAN has set an aspirational regional renewable energy target: to derive 23% of its total primary energy supply from renewables by 2025.
Vietnam is leading the pack in Southeast Asia for wind power installations with 3.98GW installed as of October, up from 103MW in 2020. The Asian Development Bank estimates that from 2016 to 2030, the region will soak up $14.7 trillion of investment in energy infrastructure, leaving little doubt that much more generating capacity is going to be built in the coming years.
In North America, the PTC will remain as the primary driver to support the US onshore wind growth in the next five years. Onshore wind installations in the US are likely to decline in 2022 and 2023 but can be expected to bounce back in 2024 and 2025, driven by the PTC extension enacted in both 2019 and 2020.
A new installation record is expected in Latin America in 2021, but the region is still a mixed picture in terms of government support, economic stability and grid capability on a country level, and annual growth in this region is likely to drop back from 2022. Brazil, Chile, Mexico, Argentina and Colombia are expected to be the top five contributors to regional growth in the next five years. In parallel to existing auction schemes, private auctions or bilateral PPAs have emerged as an alternative to drive the growth in this region.
Endowed with substantial renewable energy resources, Africa can adopt innovative, sustainable technologies and play a leading role in global action to shape a sustainable energy future. Resource assessment and zoning exercises for the ACEC (African Clean Energy Corridor) region, revealed an aggregate economic potential of up to 3,834 GW for wind, 15,334 GW for solar PV and 5,282 GW for solar CSP.
The continent could meet nearly a quarter of its energy needs from indigenous and clean renewable energy sources by 2030 and increase the share of renewables in its total energy mix to as much as two-thirds by 2050.
Many commentators predict that Asia Pacific will continue to outperform other regions as a market for the investment and development in renewable energy over the coming decade with capacity expected to increase by up to 2 terawatts by 2030 and the levelized cost of energy for renewables falling below fossil fuel alternatives within the same time horizon.
The potential of the amount of energy offshore wind farms can produce is great, which the International Energy Agency (IEA) confirmed in a released report that indicated “offshore wind has the potential to generate more than 420 000 TWh per year worldwide.” 
To put this amount into perspective, this aggregates to more than 18 times global electricity demand! Although there is tremendous potential in utilising wind as a resource to bring ASEAN countries closer to energy targets, undertaking the correct strategy including clear communication, a roadmap to success, and the funds to back such venture, is imperative in implementing farms.
New installations in this region will double in 2021 and then triple in 2022 compared with 2020. Such growth momentum is unlikely to stop during the rest of the forecast period. On average, 3.2 GW of new capacity is expected to be added each year in Africa/Middle East in the next five years (2021- 2025), which is primarily driven by growth from South Africa, Egypt and Morocco in Africa and Saudi Arabia in the Middle East.
At Wind Infinity we monitor global Wind activity, and we believe the below countries have demonstrated key developments towards Offshore Wind Energy generation projects and demonstrated the highest level of activity on a global level:
  • China
  • Denmark
  • France
  • Germany
  • Japan
  • Korea
  • Norway
  • Portugal
  • Spain
  • Taiwan
  • United Kingdom
  • United States of America
Country Specific Offshore Wind Energy Projects Country Specific Offshore Wind Projects
Contact our team to learn more about developments in major offshore market regions and how we can support in advancing your offshore project. intelligence@windinfinity.com
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