Energy Central Professional

 

Wind Investment Hotspots: Outperformers And Markets To Watch


Fitch Solutions Sector Intelligence  

 

    THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

    Wind Investment Hotspots: Outperformers And Markets To Watch

    • 06 Jun 2022
    • Global
    • Renewables

    Key View

    • In this biannual report, we highlight Germany and United Kingdom as our wind power sector outperformers, as the third and fifth largest markets in terms of installed wind capacity over our 10-year forecast period to 2031.
    • South Korea is our wind power 'market to watch', due to the rapid growth of wind capacity and support for a burgeoning offshore wind pipeline, which poses large upside risks to our outlook.

    Renewables Outperformers And Markets To Watch

    Global - Renewables Hotspots By Technology

    Source: Fitch Solutions

    We have identified two outperforming wind power investment destinations, and one key market to watch over the coming years, for this version of our Global wind Power bi-annual report.

    Headline Forecasts And Rationale, By Country
    COUNTRY RATIONALE BEHIND SELECTION INSTALLED CAPACITY, MW, 2021E INSTALLED CAPACITY, MW, 2031F SHORT-TERM GROWTH OUTLOOK* LONG-TERM GROWTH OUTLOOK
    Outperformers Germany Germany's renewable targets have increased significantly following new government policy aimed at expanding wind capacity auctions towards the end of the decade. The government has also increased its offshore wind target and is reducing permitting time. 64,671MW 115,775MW 5% 6.20%
    United Kingdom The UK's latest energy policy has drastically improved the outlook for offshore wind with higher capacity targets and an easing of deployment processes. 27,974MW 67,683MW 11.80% 6.64%
    Market To Watch South Korea The South Korean wind sector will experience strong and rapid growth from a low base with vast upside risks developing from large offshore wind projects in planning. 1,708MW 8,944MW 15.60% 18.25%
    Note: *Short-term outlook = annual average growth over 2021 and 2022, long-term outlook = annual average growth between 2021 and 2030; f = Fitch Solutions Forecast. Source: EIA, IRENA, national sources, Fitch Solutions

    Outperformers

    We define 'outperformers' as those wind power markets that have a significant capacity base installed, and/or will register substantial growth in capacity over our 10-year forecast period to 2030.

    Global Wind Power: Outperformers
    Wind Capacity By Country, MW (LHS) & y-o-y % Growth (RHS)
    TOP


    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.