Q2 2021 Financial Highlights and Offshore Wind Build-Out Plan
Forecasted renewable capacity build-out
Global renewable energy capacity
by technology¹
GW installed
CAGR
• 2% biomass
• 20% Offshore wind
+12 %/year
13% Small-scale PV
11% Large-scale PV
Global offshore wind capacity
excl. mainland China
GW installed
Americas
Asia Pacific
+24 GW/year
9% Onshore wind
1.
2.
16
3.
North American renewable capacity
by technology²
GW installed
Biomass
Offshore wind
+8 %/year
Europe
Small-scale PV
4,360
276
183
224
823
Large-scale PV
Onshore wind
519
16
303
35
53
408
94
+19 GW/year
16
7
65
66
156
152
1,559
303
240
120
16
143
236
536
1,630
36
+7 GW/year
32
33
+3 GW/year
159
132
57
57
60
12
227
1,571
10
94
24
74
17
199
134
679
11
Ο
44
86
24
2020
2030
(Post-COVID-19)
2015
2020
2025
2030
2035
2015
2020
2025
2030
Excludes solar thermal, geothermal, marine, tidal, and others which combined account for less than 1% of capacity
North America includes the United States and Canada. Excludes solar thermal, geothermal, marine, and tidal which combined account for less than 1% of capacity
Considering 30 GW offshore wind capacity target announced by US administration (not yet passed into law)
Source: BNEF New Energy Outlook 2020 for capacity of all technologies except offshore wind. Offshore wind figures from BNEF Offshore Wind Market Outlook H2 2021
for current capacity and post-COVID-19 forecasts
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