More than 63GW of wind power will be commissioned in Asia Pacific, excluding China (APeC) between 2016 and 2025, according to Make Consulting.
The consultancy said in its APeC Wind Power Outlook 2016 report that the three core markets of Australia, India and Japan will account for approximately 72% of all new installations.
New wind power capacity installations stood at 3.7GW in 2015, a record, Make said.
Going forward, 2016 will be a record year for India and Japan, the consultancy said.
India will commission 8.7GW of new capacity between 2016 and 2018, with 2016 a “boom year” as owners “rush to complete projects before the important accelerated depreciation scheme is cut in half from April 2017 as well as potential expiry of the generation based incentive scheme at the same time”.
Japan has 9GW of projects in the pipeline that has started to pass through the environmental impact assessment process and receive permitting, Make said.
This will result in “steady year over year growth, supported by an emerging offshore sector in the long term”.
In Australia, policy uncertainty post-2020 remains a lingering concern but any policy changes will depend on the outcome of the federal elections in July 2016, the consultancy said.
Image: a wind farm in India (Gamesa)
‘Boom’ time for Asian wind
Report says over 63GW to be added by 2025 in Asia Pacific, excluding China
By EBS