Around The Wind World
Wind energy market to grow at 13%+ CAGR, could hit $170 billion by 2024
Paul Dvorak, March 29, 2018 (Global Market Insights via Windpower Engineering)
“…[R]enewables contribute toward clean power generation and propelling the country’s economic progress, making wind energy market a viable investment…[ Global Market Insights forecasts the global wind energy market will surpass a revenue collection of $170 billion by 2024…[Multiple] regulatory organizations have already enforced specific energy directives…[and] regional governments have undertaken numerous initiatives to propel wind energy…[T]he European Union has set myriad policies to curb the usage of fossil fuels…[T]he Indian government initiated the ‘Make in India’ directive…[and is planning to add] 60 GW of extra power generation capacity via wind farms by 2022…Recently, the South African government signed a deal with the DoE to implement 27 Renewable Energy Power Producer Projects (REIPPP)…[and has been inking partnership deals] to strengthen its dependency on wind power…[T]he Russian government recently carried out a survey for understanding the existing barriers and future opportunities in wind energy sector…[It set a 4.5 GW wind capacity target and opened] its domestic marketplace for foreign investors to develop wind power projects…” click here for more
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