Power Generation and Cumulative Capacity of Wind Power Plants in China (2017 – 2021)
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Net electricity generated by Wind power plants in China reached 557,903.5 GWh in 2021, growing 19.3% YoY
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During the same year, the cumulative capacity of Wind power plants in China reached 341,856.3 MW, growing 18.3% YoY
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Power generation recorded a historical growth at a CAGR of 16.3% between 2017 and 2021, while the cumulative capacity growth at 16.0% between 2017 and 2021
Power Generation and Cumulative Capacity of Wind Power Plants in China (2017 – 2021)
With the increasing demand for energy, rising levels of pollution, fear of global warming, scarcity of fossil fuels, and increasing levels of greenhouse gas (GHG) emissions, many countries opted for sources of clean renewable energy. Several countries signed protocols with pre-defined emission reduction targets. The Paris Agreement is the most recent initiative in this direction, whereby each country voluntarily determined and presented its emission reduction target and pledged to achieve GHG reduction according to this target. Several countries that are party to the Paris Agreement devised plans to reduce conventional power and aid the growth of renewable power to reduce emissions. The main renewable energy sources are Hydro, Geothermal, Wind, Solar, and Biopower.
Wind energy is the energy generated using wind turbines to convert kinetic energy of the wind to mechanical energy, which is then converted into electricity. Wind energy is considered to have a high positive effect on the environment in comparison to Hydro, Solar PV, Geothermal. Wind energy has the lowest water consumption, relatively lowest GHG emissions, and is considered one of the most sustainable sources of energy.
The global installed wind power capacity increased from 197.8 gigawatts (GW) in 2010 to 743.1 GW in 2020, at a compound annual growth rate (CAGR) of 14.2%. The global installed wind power capacity is expected to reach 1,839.5 GW by 2030. In 2021, the top five regions in the wind power market are China, the US, Germany, India, and the UK.
China is the largest wind power market, with cumulative wind installed capacity of 342 GW as of 2021, growing at a CAGR of 16.0% between 2017 and 2021. The generation of electricity from wind turbines increased proportionally as capacity increased. The total wind power generation in China increased to 558 TWh in 2021, growing at a CAGR of 16.3% between 2017 and 2021.
The higher growth witnessed in China is a result of the country’s target of increasing renewable energy generation to 15% by 2020 under the Medium to Long-term Renewable Energy Development Plan, 2007. In this plan, the Chinese government introduced financial and regulatory initiatives to promote renewable energy.
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