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The world’s total wind capacity is anticipated to rise by more than 50% in the next five years, according to the Global Wind Energy Council (GWEC).

The GWEC’s annual report suggests that wind capacity could reach 840GW by 2022, up by 56% from the recorded 539GW at the end of 2017.

In 2017, an additional 52.2GW of wind capacity was added to the world, an 11% increase from the total capacity at the end of 2016.

However, 2017’s total of new capacity was 2.1GW lower than the total 54.6GW installed in the previous year.

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Windpower engineering and development

The Global Wind Energy Council (GWEC) released its Global Wind Report: Annual Market Update, showing a maturing industry successfully competing in the marketplace, even against heavily subsidized traditional power generation technologies. More than 52 GW of clean, emissions-free wind power was added in 2017, bringing total installations to 539 GW globally.

With new records set in Europe, India and in the offshore sector, annual markets will resume rapid growth after 2018.

“Wind power is leading the charge in the transition away from fossil fuels; and continues to blow away the competition on price, performance and reliability,” said Steve Sawyer, GWEC Secretary General. “Both onshore and offshore, wind power is key to defining a sustainable energy future.”

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LONDON, April 25 (Reuters) – Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows.

In its annual report on the status of the global wind industry, the GWEC said cumulative wind energy capacity stood at 539 gigawatts (GW) at the end of last year, 11 percent higher than the previous year.

That should increase by 56 percent to 840 GW by the end of 2022 as countries develop more renewable energy to meet emissions cut targets and prices continue to fall, the wind industry association said.

Around 52.5 gigawatts (GW) of new wind power capacity was added worldwide last year, down slightly from 54.6 GW in 2016. The GWEC expects the market to be flat this year but start growing again from 2019.

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The wind industry added over 52 gigawatts (GW) of wind power last year, according to a report from the Global Wind Energy Council (GWEC).

While that figure represents a decrease compared to 2016, when 54.6 GW was installed, the GWEC said it expected the annual market to return to growth in 2019 and 2020.

China maintained its position as a wind energy powerhouse, installing 19.7 GW, while the European Union added 15.6 GW of capacity, its best ever year. The U.S. installed a little over 7 GW of capacity.

Steve Sawyer, the secretary general of the GWEC, said in a statement Wednesday that wind power was “leading the charge in the transition away from fossil fuels.”

“Both onshore and offshore, wind power is key to defining a sustainable energy future,” Sawyer added.