Global Wind Energy Council (GWEC)

Vietnam doubles down on their energy transition commitment - A new chapter for the Vietnam wind industry. On Monday, MOIT hold a consultation workshop on the draft PDP8 revised that they have just issued few weeks ago. The new draft PDP shows an even stronger commitment of Vietnam toward energy transition and net zero, in which wind and solar will be the key supplier of electricity for Vietnam's economy in the next 10 years. Some key points to note: 1/ MOIT proposed that Vietnam will follow the high scenario (KB5), in which the country will build more energy project to supply for a 9%GDP growth of 2025 and 10% GDP growth/year economy from 2026 - 2030. 2/ The target of installed capacity for the country by 2030 has been increased significantly to 211GW by 2030. 3/ Onshore wind and solar are the main source of energy of Vietnam from now until 2035, with a very ambitious targets for onshore wind of 28GW by 2030 and 49GW by 2035 and for offshore wind of 18GW by 2035. Solar makes a big comeback, with targets for solar of 34GW by 2030 and 126GW by 2035. The target for rooftop solar is increased to 16GW by 2030. This is a big win for solar. 4/ Battery (including pumped hydro) target has also been increase significantly, from only 2.7GW by 2030 in the original PDP8 to 15GW in this new version of the PDP. 4/ Even though the country keeps >22GW of LNG target by 2030, there is a big chance that only 3-4GW can come online by that time. Then the market will need even more wind and solar to make up for the delayed capacity. 5/ Big grid upgrade is also needed for the new PDP. Cross-region transmission has been brought back to the agenda, together with HVDC. 6/ Vietnam is expected to be needing from $27-34 bil investment/year from now until 2030 to meet these targets. The new draft PDP8 revised shows that Vietnam will need to come up with implementation policies to attract a huge amount of international investment. Recently, the government of Vietnam has announced that they are going to increase public spending, pumping more money to the economy, taking more government loan in order to help the country meet its GDP target. The country will be ready to have a higher inflation rates of 4.5-5% per year. Vietnam saw an impressive 7% GDP growth last year, and with the new ambitious target, the country expects to have >11% increase of electricity demand per year from 2025-2030. Global Wind Energy Council (GWEC) and our members are commited to support the government meeting these targets, while also building up a huge market for wind industry in the process. The most difficult period of the energy industry in Vietnam has passed and a we are seeing the dawn of a new era. Long Nguyen Hoang, PhD Ben Backwell Rebecca Williams Liming Qiao Mark Hutchinson Trang Van Nguyen Esther Fang Wen Janice Cheong Weng Han T. Fatin Diana S Adam Bruce Amisha Patel Shoon S. Oo Jin Young Kim

🇯🇵 GWEC’s Feng Zhao has launched the Japanese case study from our report "Mission Critical: Building The Asia Pacific Wind Energy Supply Chain For A 1.5°C World" at #SmartEnergyWeek in Tokyo! 🔧 Feng discussed Japan’s #windenergy supply chain, detailing key challenges and actionable recommendations on how the country can play a role in the wider APAC supply chain. 🌊 Download the case study from the report in Japanese here: https://lnkd.in/eAafXKas #WindEnergy #SupplyChain #APAC #EnergyTransition #OffshoreWind #Renewables #WindPower #Sustainability #ClimateAction #EnergyPolicy #GreenEnergy #FloatingWind

Sharing positive PROGRESS in APAC wind energy 🚀 Two days ago, we crossed a significant milestone in South Korea. After waiting for over two years, the One-Stop Shop (OSS) Bill for Offshore Wind (OFW) has been passed at the subcommittee of the Trade, Industry, Energy, and Startups Committee at the 22nd National Assembly. My team, including our key partners Korea Wind Energy Industry Association (KWEIA) and Ocean Energy Pathway (OEP), has been advocating for the bill, as it seeks to streamline development of OFW in Korea. We’ve intensified our advocacy efforts with the government last year to highlight the socio-economic benefits of OFW development. We did this through various high-level engagements, presenting our in-market report findings, and even hosting Global Wind Energy Council (GWEC)’s flagship APAC Wind Energy Summit in country. This is an exciting time to see it come to fruition; we continue to expect its enactment within this month. Having the OSS Bill in place would fast-track OFW growth in South Korea. What other positive news do we see? Recently, Philippines’ green energy auction (GEA) garnered 7 GW capacity offers for hydro and geothermal power. Investors in the Philippines remain confident in the future of RE. For the GEA-4, the Department of Energy in the Philippines has generously allocated 2.02 GW of onshore wind to be developed between 2026 and 2029. Looking at this trend, GEA-5 reserved for offshore wind could invite between 3 to 6 GW. GWEC and our partners, WEDAP, POWER and DREAM are working closely with the DOE, ERC and the industry to ensure the GEA-5 will be offshore-ready! Positive momentum continues in Vietnam too. The Ministry of Industry and Trade (MOIT) recently released a new draft decree on RE regulations, incorporating many of industry’s recommendations on improving OFW policies including an extension in the CfD period to 15 years and allowing state-owned enterprises (SOEs) to partner with private companies to develop a pilot OFW farm. This great news will also boost investor confidence and bring them back to the Vietnamese market. In addition, the MOIT has released a new draft of the PDP8, in which Vietnam increases its high-scenario targets for onshore wind to 28 GW by 2030 and 49 GW by 2035, and for OFW to 18 GW by 2035. We are looking forward to a very exciting comeback of the Vietnam market in 2025. Small wins add up. In the long run, we WILL see change if remained committed to the cause. With geopolitical challenges, comes opportunity for this region. GWEC remains focused to representing the industry and deliver on our strategic priorities, which includes positioning wind as a key climate solution. 🙂 Let’s keep the #ActioninAPAC momentum going for the #WindEnergy sector. Share this post to spread some positivity ☀️

🚨 The case studies from our latest report on the Asia Pacific Wind Energy Supply Chain "Mission Critical: Building The Asia Pacific Wind Energy Supply Chain For A 1.5°C World" are now available in five languages! 🍃 The report highlights 7 key recommendations to accelerate APAC’s wind energy supply chain and meet 2030 targets. Find out more and download the report in your language: 🔹 Download in English 🔹 Unduh dalam Bahasa Indonesia 🔹 한국어 요약을 다운로드하세요 🔹 Tải xuống bằng tiếng Việt 🔹 日本語でダウンロード 🔗 https://lnkd.in/eMjwCyNM Co-authored by Global Wind Energy Council (GWEC) and ERM. #WindEnergy #SupplyChain #APAC #EnergyTransition #OffshoreWind #Renewables #WindPower #Sustainability #ClimateAction #EnergyPolicy #GreenEnergy #FloatingWind

It’s happening tomorrow – catch GWEC at Wind Expo Japan on Day 1 of #SmartEnergyWeek! 🇯🇵🌊 ️🗓️ 19 February 2025, Wednesday ⏰ 2:30-3:30PM (JST) 📍Tokyo Big Sight, Japan In a 1-hour presentation, GWEC’s Chief Research Officer, Feng Zhao will uncover critical #windenergy supply chain insights for Japan to build its competitive edge in the #energytransition. Register here: ➡️ https://lnkd.in/eDD_qmAg #ActioninAPAC #decarbonizationexpo #renewables

'Wind is in the big league.' So, #windenergy is a more interesting target for cyberattacks every day. We recommend a podcast by the Global Wind Energy Council (GWEC) for #offshorewind and #cybersecurity. Auke Huistra of DNV Cyber and Leo Simonovich of Siemens Energy paint the state of cybersecurity in the wind industry and the need for collaborative action. - Cybersecurity needs constant attention. - Growing connectivity brings many positives but also increases risks. - Cybersecurity is a C-level subject. https://lnkd.in/eW_t6Gyx

𝟭𝟳 𝗙𝗲𝗯 𝟮𝟬𝟮𝟱: 𝗧𝗵𝗲 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗔𝗰𝘁 𝗼𝗻 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗪𝗶𝗻𝗱 𝗽𝗮𝘀𝘀𝗲𝘀 𝗮 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝘀𝘁𝗮𝗴𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮𝗻 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝘀𝘀𝗲𝗺𝗯𝗹𝘆 Today, a subcommittee of South Korea’s National Assembly passed the Special Act on Offshore Wind Promotion and Industrial Development, marking significant progress toward a more structured and efficient offshore wind development framework. With over 600GW of technical offshore wind potential, Korea holds immense promise for offshore wind expansion. This Act would represent a transformational policy shift from an open-door development model to a government-led site allocation system, accelerating deployment while ensuring economic, social, and environmental sustainability. The new framework would: 🏗️ Pre-select project sites based on extensive data analysis, reducing uncertainties and streamlining permitting. 📊 Lower costs and enhance project feasibility through competitive bidding for developers.  ➡️ Ensure continuity for 28GW of existing open-door projects, sustaining South Korea’s offshore wind momentum while transitioning to the improved system. In particular, this Act will help foster stronger social acceptance due to a structured consultation process with local communities and fisheries to ensure early engagement. This passage by the subcommittee under the Trade, Industry, Energy, SMEs, and Startups Committee marks a key legislative milestone. After three years of deliberation, this Act must now pass three additional steps before becoming law. Led by JAEHYUN JANG and Eunbyeol Jo in South Korea, Ocean Energy Pathway looks forward to continuing to collaborate with local partners to drive the growth of an ambitious and sustainable offshore wind sector in South Korea.

The long-awaited One-Stop Shop (OSS) Bill for #OffshoreWind in South Korea has now been passed at the subcommittee of the Trade, Industry, Energy, SMEs, and Startups Committee in the 22nd National Assembly 🌊🇰🇷 On 17 Feb, the South Korean government reached a significant milestone toward enacting the Special Act on the Promotion of #WindPower Development and Distribution 🙌🏻⚡ The Global Wind Energy Council (GWEC) has been advocating for the passage of the OSS Bill since early 2023, alongside the Korea Wind Energy Industry Association who has contributed significantly to this process. In 2024, we intensified our advocacy efforts with the South Korean government, launching in-depth market reports highlighting the socio-economic benefits of offshore wind development and the critical role of local consultation—hoping to see the OSS Bill passed. Ocean Energy Pathway (OEP) has also been instrumental in following this Bill. Incubated by GWEC in late 2023, OEP is an NGO dedicated to providing technical assistance to offshore wind emerging markets like South Korea. The OEP team has worked closely with ministries and civil society groups to strengthen the case for sustainable offshore wind development in the country. The OSS Bill will not only provide a major boost to the industry, stimulating continued investment, but also accelerate #windenergy development and help Korea reach its net-zero targets faster. We look forward to the bill gaining final formal approvals at the plenary session of the National Assembly. 🚀 #GWECAsia #ActioninAPAC #3xrenewables #windenergy

💬"Setting clear renewable energy targets is a foundational step to secure our energy future." Morten Dyrholm, Senior Vice President of Marketing, Communications, Sustainability and Public Affairs at Vestas, underscores that without clear and long-term renewable commitments, we risk falling short of our goals. "More renewables will ensure that our energy systems are secure, affordable and reliable. Without decisive action and a strong focus on sustainable implementation, we will be left with only ambitions." ⭕Vestas has joined over 200 organisations worldwide calling on governments to set ambitious, specific, and actionable renewables targets in the NDCs - to #NowDeliverChange. Join the campaign: https://lnkd.in/eS9pgzpj 🔗Read more: https://lnkd.in/dEZmX6t7 #NowDeliverChange #RenewableEnergy #NDCs #ClimateAction #InvestmentInRenewables GRA Members Global Wind Energy Council (GWEC) Ben Backwell | Global Solar Council (GSC) Sonia Dunlop | Green Hydrogen Organisation - GH2 Jonas Moberg | Long Duration Energy Storage Council (LDES Council) Julia Souder | International Hydropower Association (IHA) Eddie Rich | International Geothermal Association Marit Brommer

Canada Strengthens Its Commitment to Offshore Wind by Joining GOWA with Leading Provinces We are pleased to announce that Canada, alongside the provinces of Nova Scotia and Newfoundland and Labrador, has officially joined Global Offshore Wind Alliance (GOWA). This important step expands Canada’s offshore wind ambitions, unlocking new opportunities for clean energy growth and global collaboration. As Canada assumes the presidency of the G7 in 2025, this development aligns with its focus on climate action and global cooperation, further demonstrating Canada’s leadership in addressing shared energy transition challenges. Francesco La Camera, International Renewable Energy Agency (IRENA) Director-General, highlighted Canada’s potential:"Expanding offshore wind capacity is not only critical for global climate action but also essential for enhancing energy security and creating high-quality jobs that build on existing expertise in the energy sector. With its vast coastlines and significant industrial potential, Canada is well-positioned to be a key player in the global offshore wind market." Minister for Climate, Energy, and Utilities of Denmark, Lars Aagaard, emphasized the significance of this global partnership: "Offshore wind is key to a cleaner, more secure energy future. I look forward to working with our Canadian colleagues and the GOWA community to accelerate the deployment of offshore wind, strengthen climate action, and increase clean energy investments." Minister of Energy and Natural Resources of Canada, Jonathan Wilkinson, expressed Canada’s commitment: "Canada is proud to join GOWA’s global membership as we continue strengthening the foundation for our country’s offshore wind industry. With today’s announcement, Canada, Nova Scotia, and Newfoundland and Labrador are positioning themselves to be world-leading suppliers of clean energy, enabling Canadian workers and businesses to seize the enormous economic opportunities associated with this sector." In October 2024, the new law facilitating offshore wind development in Atlantic Canada came into effect, paving the way for offshore wind development in Nova Scotia and Newfoundland and Labrador. This joint participation in GOWA will foster vital partnerships, knowledge-sharing, and provide access to the collective expertise of GOWA's international best practices. Canada will benefit from the experience and insights of leading global players in the sector. This collaboration underscores the importance of national and subnational governments working together on climate ambitions. With GOWA's membership now at 27, including 5 subnational members, it shows the value of bridging national interests with local action. By collaborating across government levels, Canada can better achieve its climate and energy goals, ensuring a unified approach to offshore wind development that benefits all regions. Welcome, Canada! Read more about it here: https://shorturl.at/FPH7X