The world's wind project pipeline increased significantly between the second and fourth quarters of this year as efforts to mitigate climate change continued to drive the adoption of renewables, according to a report by Fitch Solutions.
The pipeline of wind projects rose sharply to 423 gigawatts, from 320 gigawatts in the second quarter, with Europe having the highest volume of capacity at 190 gigawatts.
"This highlights the advanced nature of these markets' ambitions to bring on more renewable capacity amid reductions in fossil fuels," Fitch said.
Non-hydropower-based renewables – which refers largely to wind and solar power – will account for 72 per cent of global capacity growth between 2020 and 2030, as countries strive to rapidly decarbonise their power systems, according to a separate report by Fitch Solutions in August.
The share of non-hydropower renewables will reach 22 per cent in 2030, from 12 per cent this year.
Offshore wind projects have overtaken onshore wind projects, accounting for 55 per cent of the project pipeline, compared with 45 per cent of onshore wind projects.
The value of the offshore sector also outweighs the onshore space with a total known value of $304bn compared to $137bn, according to the report.
"However, we highlight that this only reflects the value for 806 projects against our 1,316 in the pipeline," it said.
"This is also due to the under reported nature of many smaller onshore project developments. Growth in the wind pipeline between the second quarter of 2021 and the fourth quarter of 2021 is also driven by a sharp increase in the offshore sector."
The North America and Western Europe regions are set to lead the growth in the wind project pipeline.
In the US, offshore wind power accounts for 11.5 gigawatts of capacity that is scheduled to come online by the end of this year. This comes as President Joe Biden's administration committed to adding about 30 gigawatts of offshore wind capacity in the US by 2030.
Asia also has a vast pipeline that is set to become operational, with about 332 gigawatts of capacity coming online in China over the next decade, Fitch said.
"We also see an acceleration of offshore wind projects in new markets in Asia and, to a lesser extent, Central and Eastern Europe and Latin America. This is being driven by the technology costs decline and maturing of global supply chains and manufacturing," the report said.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
LAST-16 FIXTURES
Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi
Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi
Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi
MATCH INFO
Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
Game is on BeIN Sports
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
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FULL%20FIGHT%20CARD
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MEDIEVIL%20(1998)
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The details
Heard It in a Past Life
Maggie Rogers
(Capital Records)
3/5
2019 ASIAN CUP FINAL
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
if you go
The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.
The trip
Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.
More from Neighbourhood Watch:
Zayed Sustainability Prize
The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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if you go
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
COMPANY%20PROFILE
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What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
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All the Money in the World
Director: Ridley Scott
Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer
Four stars
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