Published on July 21st, 2017 | by Joshua S Hill0
Asia Pacific Excluding China To Install More Than 72 Gigawatts Of New Wind Capacity In 10 Years
July 21st, 2017 by Joshua S Hill
More than 72 GW of new wind capacity is expected to be added over the next ten years in the Asia Pacific (excluding China), pushing cumulative capacity up to 111 GW and making it one of the largest wind sub-regions in the world.
These are the key highlights from new figures published this week by MAKE Consulting in its latest Wind Power Outlook for the Asia Pacific (excluding China) (APeC) region. Unsurprisingly, MAKE predicts that India will remain a dominant player in the APeC region, but other wind markets such as Japan and Australia are predicted to gain momentum over the next ten years. Overall, the APeC region added 4.8 gigawatts (GW) of new wind capacity in 2016, but that is expected to increase by more than 30% in 2017. That growth will continue through the next ten years, with MAKE Consulting predicting more than 72 GW will be added over the next ten years.
India as the major market has so far relied on feed-in tariffs, but will now be moving to wind auctions at both the national and state level, and MAKE predicts that these auctions should likely support anywhere between 3 to 5 GW of new wind capacity across the next decade.
After years of political uncertainty and outright ignorance on the part of its politicians, Australia is now experiencing a renewed vigor for wind power development, allowing developers to take advantage of high prices for renewable energy certificates. However, Australia has no post-2020 renewable energy target — a result of years of inaction on the part of both major parties. This hasn’t stopped state governments from moving forward, however, and as in many parts of the world, states and cities are fulfilling their own ambitious renewable energy targets.
Meanwhile, in Japan, growth is expected over the next decade, with more than 10 GW of new wind capacity on the cards, passing through the country’s Environmental Impact Assessment period — a lengthy process which can take up to five years to complete.
The APeC region will also see growth in smaller, emerging markets such as South Korea and Taiwan — both of which are looking to offshore wind power to drive their renewable energy targets, with a combined 5 GW between the two countries expected in the next ten years.