Global offshore wind market predicted to grow

Wind Industry Profile of

China’s power needs add 48 GW additional capacity to 10-year outlook

Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK). By the end of the decade, cumulative global wind power capacity is projected to hit over 1,756 gigawatts (GW). Wood Mackenzie’s Q4 forecast reported a 69-GW increase in new capacity additions globally compared to the previous quarter’s outlook for the period 2021-2030. China has provided a major uplift to the latest forecast. The country’s 48-GW quarter-on-quarter (QoQ)... ... More: Official Press Release Wood Mackenzie

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Wood Mackenzie, China, offshore, global, offshore, wind fsarm, installation, capacity, GW