Wind generation in the world will increase 9 times by 2050 compared to 2022

The DNV group has prepared the Energy Transition Outlook 2023. The Ukrainian Wind Energy Association has selected the most interesting.

Wind generation in the world will increase from 2,000 TWh in 2022 to 18,300 TWh in 2050. The average annual growth rate will be 8%.

This progress may be achieved due to a sevenfold increase in wind power capacity by raising the capacity factor. In particular, by 2050, the total installed capacity of global wind power should be increased to 6,400 GW, the average capacity factor for onshore wind power to 32%, and for offshore wind power to 43%.

The structure of global wind generation will change: although 70% of electricity in 2050 will still be generated by onshore wind farms, offshore wind generation will increase to 25%, and floating wind power to 5%.

A separate part of the world’s wind power capacity in 2050 will be installed specifically for the production of hydrogen by electrolysis – 385 GW of onshore and 100 GW of offshore wind farms.

Also, in its Outlook, DNV assesses the factors that stimulate the growth of wind energy as the following. The challenges for the growth of wind energy remain:

• high interest rates and cost of capital;
• reduced profits and margins for original equipment manufacturers (OEMs);
• disruptions in the supply chain;
• delays in the construction of power transmission lines;
• complexity of government requirements for local content development.

The catalysts for wind energy development are:

• global growth in demand for electricity;
• Increased economic efficiency and lower cost of wind power generation compared to fossil fuels;
• the need to achieve the global goal of reducing greenhouse gases.

By 2050, renewable energy sources will account for 52% of the primary energy balance.