The pandemic didn’t deter booming wind power capacity additions last year when global installations surged to record levels, driven by China and the United States. The phase-out of China’s onshore wind Feed-in-Tariff scheme as of 2021, as well as the anticipated expiration of U.S. federal tax incentives, played a major role in the soaring installations of wind power generation last year. Analysts had largely expected an increase in wind capacity installations due to the change in policy incentives in major markets. Yet, the volume of additions in China, the United States, and globally exceeded even the most optimistic projections, signaling that the wind power industry shook off the COVID-19 shock in early 2020 and took full advantage of government policies to support renewable energy. Record Global New Wind Capacity Wind power developers around the world commissioned a record-setting 96.7 gigawatts (GW) of installations in 2020, up by a massive […]