Global wind capacity to hit record in 2024 - China dominates sector, with almost half of global total
The Global Wind Energy Council report showed that new capacity reached a record in 2024 for the second consecutive year, after two years of decline. Additions reached 117 GW, compared with 116.6 GW in 2023. Global wind power capacity increased to 1.14 TW, according to the data.
In the new perspective, this year's total new capacity is forecast to be 138.2 GW, increasing each year to reach a staggering 194.1 GW in 2030.
The Global Council warned of increasing policy volatility in some markets and noted the need to improve permitting, grid transmission and auctioning mechanisms to keep pace with the global electrification trend. This would help meet ambitions to triple renewable energy capacity by 2030.
The council stressed that the headline figures mask large disparities, with the bulk of installations taking place in a small number of key markets.
New installations were recorded in 55 countries. China maintained its absolute dominance, adding 79.8 GW, which translates to 68.2% of the total. Moreover, at the end of December, the country had 521 GW of wind power or a staggering 45.8% of global capacity.
Globally, the United States ranks a distant second, with 4.1 GW, and a total capacity of 154.3 GW. The next three countries are Germany (4 GW), India (3.4 GW) and Brazil (3.3 GW), which surpassed Spain.
Europe’s new installations fell slightly in 2024, to 13.8 GW, from 14.5 GW the previous year. Total capacity increased to 251 GW. The region includes Turkey, which increased by 1.31 GW to 13.7 GW. The country accounted for 1.1% of all new capacity last year, placing it in the top ten in this category.
Poll
Train travel, compensation for passengers - Costs for Albania, Transport Community: Special laws and bodies are needed
As Albania is developing several railway projects, the Transport Community requires the transposition of European legislation and the establishment of......
State Police, with new vehicles - 450 million lek tender opens for new fleet
The Centralized Purchasing Operator has announced the opening of the tender for the rental of road vehicles for the State Police, divided into two lots:......
How long does it take to sell a property? - BoS: Housing prices, "in the stratosphere". Rents are also increasing
The prices of housing sales, or their rental, have increased significantly in the period July-December 2024. According to the Financial Stability Report of......
Medicinal plants, 300 euros per farmer - 30% of annual production delivered with invoice to collection points
The government will support the cultivation of medicinal plants in the country as an industry that employs thousands of residents of rural areas and has high......
Gold "stops growth" - "Easing" global trade tensions reduces the value of the metal
Gold fell sharply from a record high last week as risk sentiment faded after Donald Trump's dovish tone on China tariffs. While the price decline could......
He defrauded hundreds of citizens with their bank accounts. Police operation against cybercrime. 23-year-old from France arrested
He sent fake links to various citizens in Albania to fill in their bank details, masquerading as a branch of a second-tier bank, in order to withdraw money......
How has this week started for the major currencies?
The US dollar has started the week at stable values compared to the continuous fluctuations it suffered last week, being bought today at 86.5 lek and being......
Property tax, buildings account for 75.6% - What will change from January 1, 2026 and will there be exceptions?
Municipalities have significantly increased their revenues from real estate taxes over the years, and this has also been influenced by the increase in......
