Report: Global Wind Power Market Growth Reaches 60 Percent

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The global wind power capacity growth will reach an annual of 71GW over next 5 years, but things in Europe look dismal

Official Press Release Wood Mackenzie Power & Renewables:

Global wind power capacity to grow by 60% over next 5 years

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Global wind power capacity to grow by 60% over next 5 years

Global wind power capacity additions are expected to sit at an annual average of 71GW from 2019-2023 and 76GW from 2024-2028, according to new analysis from Wood Mackenzie Power & Renewables.

As noted in the report, ‘Global Wind Power Market Outlook Update: Q2 2019', Wood Mackenzie Power & Renewables has upgraded it's global wind power outlook by 11GW from 2019 to 2028 - a 1.5% increase from the previous quarter. Commenting on the forecast, Luke Lewandowski, Wood Mackenzie Power & Renewables Director, said: "A 5GW upgrade in the global offshore sector will yield 129GW of new capacity and a compounded annual... ... More: Official Press Release Wood Mackenzie Power & Renewables

Wood Mackenzie Power & Renewables, report, analyses, global, wind power, market, growth, gigawatts, USA, China, Europe

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