Between the second and fourth quarters of this year, wind power projects are growing at a significant rate worldwide. These countries are taking up these projects as part of increasing the use of renewable energy and addressing the threat of climate change. About 55% of the world’s current wind power comes from deep-sea wind power projects. The remaining 45% is produced in various coastal projects. A report by Fitch Solutions, a US credit rating agency, has projected this image.
By the end of the second quarter of this year, the global wind power projects had a generating capacity of 320 gigawatts. At present, its amount has increased to 423 gigawatts. Of these, a maximum of 190 gigawatts of electricity was generated in the European region from wind power projects.
Outside of global hydropower projects, wind and solar power generation systems cover a large part of renewable energy sources. Between 2020 and 2030, the growth rate of such power projects will be 72%.
So far this year, the share of wind and solar power in renewable power generation is 12%. Stakeholders believe that this could reach 22% by 2030. Currently, the number of offshore wind power projects has increased significantly compared to the coastal wind power projects. About 55% of total wind power is collected from offshore projects.
According to Fitch’s report, the current value of ongoing offshore wind power projects is 30 thousand 400 crore dollars. There are 1,316 more projects in the plan. North America and the Western European region continue to strive to be at the forefront of wind power projects. A number of wind power projects are also awaiting launch in Asia, Fitch reports.
