Wind power will continue to show record growth over the next five years despite the impacts of the COVID-19 crisis, and will make a crucial contribution to economic recovery. According to the latest market outlook published by GWEC Market Intelligence, 71.3 GW of wind power capacity is expected to be installed in 2020 despite the impacts of COVID-19, which is only a 6 per cent decrease from pre-COVID forecasts in Q1 2020. The forecast for offshore wind installations in 2020 has been increased by 5 per cent from pre-COVID forecasts to 6.5 GW, led by the installation rush in China. The wind industry is on-track to achieve record growth over the next five years with over 348 GW expected to be installed between 2020-2024, bringing total global wind power capacity to nearly 1,000 GW by the end of 2024, which is an increase of 54 per cent for total wind power installations compared to 2019. The continued growth of the wind industry in the face of COVID-19, even while other industries such as oil and coal have seen fluctuating prices and huge drops in demand, demonstrates its role in building sustainable and reliable economies.
Global Wind Energy Council 5th Nov 2020 read more »
To help meet the EU’s goal of climate neutrality by 2050, the European Commission today presents the EU Strategy on Offshore Renewable Energy. The strategy proposes to increase Europe’s offshore wind capacity from its current level of 12 GW to at least 60 GW by 2030 and to 300 GW by 2050. The Commission aims to complement this with 40 GW of ocean energy and other emerging technologies such as floating wind and solar by 2050.
EU Reporter 23rd Nov 2020 read more »
ONE of Scotland’s leading wind power companies has come under attack for allegedly avoiding millions of pounds of tax by being owned in the Cayman Islands. Ventient Energy, which operates 13 wind farms in Scotland and is headquartered in Edinburgh, is a subsidiary of a company registered in Luxembourg. That company is in turn owned by a firm in the Caymans, a new report has revealed. Luxembourg and the Caymans are both legally used as tax havens to help reduce the amount of money companies have to pay to governments – and to keep finances secret.
The National 22nd Nov 2020 read more »
The Ferret 22nd Nov 2020 read more »