Outlook: Global Wind Power Will Double within a Decade

The offshore sector and emerging markets contribute an increasing share of annual growth over the 10-year outlook

MAKE forecasts annual wind power capacity additions to average more than 65GW from 2018 to 2027, resulting in a Compounded Annual Growth Rate of 4% over the period. Incentive expirations and markets adjusting to new auction mechanisms influence a run-up to 2020, with a more than 30% increase in annual capacity additions from 2017 to 2020. The realization of offshore ambitions and sustained momentum from emerging markets globally contribute to a second 30%+ period of growth from 2023 through 2027. Success over the next 10 years will depend on the global wind power industry’s ability to continue winning capacity awards at auction, and even... ... More: Official Press Release MAKE Consult

Keywords:

Make, consulting, wind power, capacity, outlook, onshore, offshore