21.4

Gigawatts

IEA built 21.4 GW of renewable energy projects, helping avoid 29.1 million metric tons of CO2

11000

Wind Turbines

built since IEA's founding

67692

Tons

IEA used 67,692 tons of recycled steel in 2020

View Our Analysis

The Path to Drawdown:  Wind Manufacturing

Solving climate change and remaining below 1.5ºC of global temperature increase requires the globe to switch from fossil fuels to using 100% emissions free sources.

Onshore and offshore wind farms accounted for 4.36% and 0.27% of global electricity generation in 2018, respectively.

Global wind capacity has risen steadily by around 20% per year for the past decade. Thanks to this expansion, the cost of electricity generated from wind continues to fall, even in areas with low wind speeds.

According to Project Drawdown, to be on a path to remain under 1.5C° of warming, onshore wind turbines will need to be generating 26.85% and offshore wind generating 3.2% of global electricity by 2050.

To get there, the onshore wind industry will need to continue to scale over the next few decades

  • <::marker> 1,212 TWh of onshore wind electricity generated in 2018
  • <::marker> 21,715 TWh needed by 2050
  • <::marker> CAGR of 9.44% from 2018 - 2050 

The IEA projects (p. 198) that, to reach a 100% clean electricity grid by 2050, annual wind capacity will have to increase from 737 GW in 2020 to 3101 GW in 2030, and finally to 8265 GW in 2050.

What We Want to See Improve

Report GHG Emissions

IEA is in the process (p. 54) of establishing methodologies and disclosures of their emissions metrics. We commend these steps and encourage them to follow industry best practices in reporting both direct and indirect emissions as thoroughly as possible.

Set Clear Emissions Reduction Targets

Once IEA begins disclosing emissions metrics, we want to see an aggressive approach to reducing those emissions. These should be in the context of clear, quantitative emissions targets within a specified timeframe. These targets should also be science-based, in line with the global goal of staying below 1.5°C of global warming by the end of the century.

Electrify the Fleet

IEA maintains a large fleet of vehicles (p. 69) for their operations and it relies on fossil fuels. One effective way to reduce the company’s emissions would be to transition to electric-powered vehicles or green hydrogen for their fleet.

Related Wind Energy Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description

0.09%

TPI Composites, Inc (TPIC)

TPIC is the largest US-based independent manufacture of composite blades for wind turbines, an important supplier helping the expansion of wind power

0.03%

Infrastructure and Energy Alternatives, Inc. (IEA)

IEA builds solar projects and wind turbines throughout the United States. They help expand renewable energy capacity for a zero-emission energy system

0.02%

Broadwind Energy (BWEN)

Broadwind makes equipment, component, and towers for making wind turbines. Wind energy is one of the cornerstones of a decarbonized future

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