Wood Mackenzie Highlights 3 Key Trends for Onshore Wind

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The global onshore wind industry will finally reach maturity in the 2020s, says analyst Wood Mackenzie.

Official Press Release Wood Mackenzie:

Global onshore wind industry to reach maturity in 2020s

Wind Industry Profile of
Global onshore wind industry to reach maturity in 2020s

Wood Mackenzie highlights 3 key trends to watch in 2020 and beyond

Solar power has emerged as the biggest threat to onshore wind's dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are diminishing, according to Wood Mackenzie. The evolutionary marathon that occurred during the last decade will continue in 2020 and beyond, although constraints on technology innovation are on the horizon for onshore turbines. While further cost reductions could occur within the industry, the low hanging fruit has already been picked. Additional reductions will be marginal and dependent on the extended value chain as turbines reach maturity. What are the biggest trends to watch in the global onshore... ... More: Official Press Release Wood Mackenzie

Wood Mackenzie, analyst, onshore, wind industry, solar, trend, key, consolidation, recycling, transmission, grid, investment

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