Marine Technology News
Thanks to increasing levels of debt financing for climate-aligned projects, wind-generated power has become one of the fastest-growing green industries. Jessica Williams, an Infrastructure Analyst at S&P Global Ratings, considers the submarine technologies that are making this progress possible.
Renewable energy is making an increasing contribution to the electrical grid. By the end of 2016, “green energy” sources accounted for almost a quarter of the world’s electricity supply, according to REN21.
Wind power has contributed significantly to this shift and is second only to hydropower in terms of renewable capacity. And largely thanks to de-carbonization efforts worldwide, wind energy’s market penetration is increasing; the Global Wind Energy Council (GWEC) estimates global capacity will reach 817 gigawatts (GW) by 2021, a 68 percent increase from 2016.