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According to Global Wind Energy Council (GWEC) Secretary General, Steve Sawyer, wind power is leading the charge in the transition away from fossil fuels, and continues to blow away the competition on price, performance and reliability. Speaking at the launch of the latest Global Wind Report, Sawyer said that dramatic price reductions for both onshore and offshore wind continue to surprise.

In fact, the report found that wind capacity could reach 840GW by 2022, up by 56% from the recorded 539GW at the end of 2017, and that wind energy is “the most competitively priced technology in many if not most markets” around the world. Markets in Morocco, India, Mexico, and Canada range in the area of $0.03/kWh, with a recent Mexican tender coming in with prices well below $0.02/kWh, according to the research.

Wind power growing globally“New markets continue to emerge in Africa and Asia, although China will continue to be the dominant market globally, but with less spectacular growth than in the past decade,” the report states, adding that South Africa forms part of a group of 30 countries that had more than 1 000 MW installed by the end of 2017. Local wind 2017 installations were also the only new additions recorded for all of Africa and the Middle East in 2017.

At the end of last year, over 99% of Africa’s total wind installations were spread across ten countries, including South Africa, Morocco (787 MW), Egypt (810 MW), Tunisia(245 MW), Ethiopia (324 MW), Jordan (119 MW), Iran (91 MW), Cape Verde (24 MW), Kenya (26 MW), Algeria (10 MW) and Israel (6.25 MW). This is expected to increase this year, with Kenya’s Lake Turkana project being completed and potentially the first new wind project in Egypt since 2015.

“We have a booming new market in Argentina, a return to form in South Africa, Mexico on the verge of dramatic growth, and a powerhouse building in India. We see huge potential just beginning to be realised in Russia, Vietnam and even Saudi Arabia; and offshore is spreading like wildfire across the globe due to Europe’s patient, pioneering efforts to bring the technology to cost-competitiveness. Driven by the improving economics of wind power, as well as solar and storage, the outlines of a 100% renewable energy system are becoming clear,” Sawyer said.

Image credit: http://gwec.net/editorial-steve-sawyer-secretary-genral-gwec/

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