, APAC

Wind farm size to expand in next decade amidst cost-cutting pursuit

Onshore and offshore wind could rise to 370MW and 850MW, respectively.

Onshore and offshore wind farms could rise to 370 megawatts (MW) and 850MW, respectively, by 2031 as developers seek ways to reduce its cost, Fitch Solutions reported. 

This is up from the 130MW and 310MW average size of onshore and offshore wind farms recorded between 2012 and 2022.

“We highlight that developers are increasingly looking to leverage economies of scale with their construction process, which coupled with the sector's maturity has made it significantly easier to manufacture larger scale turbine,” the report read in part. 

Fitch also noted the increase in onshore scale is partially driven by the rising turbine size, as well as the vast scale of some markets wind resources-rich and sparsely populated regions.

“This is true for markets such as Australia, The US and China, which see an average project size of 250-400MWs, while European projects across the Netherlands, Austria and Germany range between 80-150MW,” Fitch also said.

“Higher land prices in European markets and dense populations have constrained size in the region, and we expect that the new globalised reach of wind technology will see new vast developments in new markets.”

 

 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.