Wind Business Intelligence
Global offshore wind market scores all time high – market up 95% – Today wind power is the most competitively priced technology in many if not most markets worldwide. The emergence of wind/solar hybrids, more sophisticated grid management and increasingly affordable storage begin to paint a picture of what a fully commercial fossil-free power sector will look like.
The Global Wind Energy Council (GWEC) released its Global Wind Report: Annual Market Update today, showing a maturing industry successfully competing in the marketplace, even against heavily subsidized traditional power generation technologies. More than 52GW of clean, emissions-free wind power was added in 2017, bringing total installations to 539 GW globally. With new records set in Europe, India and in the offshore sector, annual markets will resume rapid growth after 2018.