Investor Presentaiton
Forecasted renewable capacity build-out
Global renewable energy capacity
by technology¹
GW installed
CAGR
⚫2% biomass
32% Batteries
20% Offshore wind
13% Small-scale PV
• 11% Large-scale PV
9% Onshore wind
+11 %/year
4,542
183
176
230
823
Global offshore wind capacity
excl. mainland China
GW installed
Americas
Asia Pacific
Europe
+26 GW/year
North American renewable capacity
by technology²
GW installed
Biomass
Batteries
+8 %/year
Offshore wind
290
Small-scale PV
547
Large-scale PV
16
53
28
53
Onshore wind
303
420
94
+20 GW/year
24
13
65
66
161
152
1,559
303
242
120
16
1,641
+7 GW/year
2
33
33
143 11 36
236
+3 GW/year
171
132
40
57
59
536
12
227
1,571
10
97
17
199
24
134
679
2020
11
00
43
86
24
2030
(Post-COVID-19)
2015
2020
2025
2030
2035
2015
2020
2025
2030
14
1. Excludes solar thermal, geothermal, marine, tidal, and others which combined account for less than 1% of capacity
2. North America includes the United States and Canada. Excludes solar thermal, geothermal, marine, and tidal which combined account for less than 1% of capacity
3. Considering 30 GW offshore wind capacity target announced by US administration
Source: BNEF New Energy Outlook 2021 for capacity of all technologies except offshore wind. Offshore wind figures from BNEF Offshore Wind Market Outlook H2 2021
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