The world is on course for 800 GW of wind energy capacity by 2021
The proliferation of wind energy into the global power market continues at a furious pace, after it was revealed that more than 54 GW of clean renewable wind power was installed across the global market last year – and the latest research suggests that overall capacity could reach 800GW within the next five years.
The market itself is growing too, with over 90 countries now using renewable wind power, including nine with more than 10,000 MW installed, and 29 which have now passed the 1,000 MW mark.
These figures have all come from the The Global Wind Energy Council’s (GWEC) flagship publication Global Wind Report: Annual Market Update, which also confirmed that cumulative capacity has grown by 12.6 percent over the past year, to reach a total of 486.8 GW.
Wind power penetration levels continue to increase, led by Denmark pushing 40 percent, followed by Uruguay, Portugal and Ireland with well over 20 percent, and Spain and Cyprus at around 20 percent.
The big markets of China, the US and Canada get 4 percent, 5.5 percent, and 6 percent of their power from wind, respectively but growth is expected to be led in Asia. Indeed, India set a new record for installations this past year but it is China which will continue to lead all markets, according to the report.
GWEC's rolling five year forecast sees almost 60 GW of new wind installations in 2017, rising to an annual market of about 75 GW by 2021 and that will bring the total capacity of all installations to over 800 GW by the end of that year.
GWEC Secretary General Steve Sawyer, reckons the future is looking bright. He said: "Wind power is now successfully competing with heavily-subsidised incumbents across the globe, building new industries, creating hundreds of thousands of jobs and leading the way towards a clean energy future.
"We are well into a period of disruptive change, moving away from power systems centered on a few large, polluting plants towards markets increasingly dominated by a range of widely distributed renewable energy sources.
"Overall, we have a lot of confidence in the wind power market going forward, as the technology continues to improve, prices continue to go down and the call for clean, renewable power to reduce emissions, clean our air and create new jobs and new industries only gets stronger with each passing year.”
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.