WORLD’S OFFSHORE WIND TO HIT 40 GW BY 2020

Global Offshore Wind Market To Reach 40 GW By 2020

Joshua S. Hill, Sept. 18, 2014 (Clean Technica)

With offshore wind technology and installation techniques more affordable, the global market is expected to rise to nearly 40 GW by 2020. Offshore Wind Turbines and Foundations – Global Market Size, Market Share, Regulations and Key Country Analysis to 2020 forecasts the market to increase from 7.1 GW in 2013 to 39.9 GW in 2020, a compound annual growth rate (CAGR) of 28%. Growth from 2006’s 0.9 GW to 2013’s 7.1 GW came primarily in the UK, Germany, Denmark, and Belgium. The UK, Germany, and China should make offshore wind one of the biggest renewables markets in the world by 2020. click here for more

click to enlarge

Tweet