NewEnergyNews: Global Wind To Go On Booming

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    Friday, February 08, 2019

    Global Wind To Go On Booming

    Global wind energy annual installations set to grow by 40 per cent through 2027; The report says that the global turbine supply chain potential currently stands at $540 billion over the next ten years.

    February 6, 2019 (Economic Times Energy World)

    “Global annual wind energy installations are expected to grow by 40 per cent over the next decade - from 53 Gigawatt (GW) in 2018 to over 75 GW in 2027…[P]ressure to lower the levelized cost of electricity (LCOE) is accelerating technology developments…[The higher efficiency will all more MWs produced by next-generation turbines with] a 20 per cent decline in the total number of turbines deployed, from over 20,000 turbines in 2018 to just over 16,000 by 2027…

    …[T]he global turbine supply chain potential currently stands at $540 billion over the next ten years…[The global market share among the top five-turbine Original Equipment Manufacturers (OEMs) is expected] to rise to more than 73 per cent by 2027, compared to just 54 per cent in 2016…” click here for more

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