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Explosive growth in the offshore wind sector and aggressive renewables targets in India are expected to drive a ten-year compound annual growth rate (CAGR) of 12.2% in the Asia Pacific region, excluding China, according to a new report by Wood Mackenzie Power & Renewables. “Target compliance in India is likely to bifurcate the next decade’s outlook, […]
Asia-Pacific's offshore wind capacity will rise 20-fold to 43GW in 2027 according to new research from global natural resources consultancy Wood Mackenzie.
Wind turbines rated 8MW or higher comprised more than 40% of offshore order capacity in 2018, with MHI Vestas accounting for 64% of this ratings segment, according to new research by Wood Mackenzie Power & Renewables. The Global Wind Turbine Order Analysis: Q1 2019 report writes that the industry announced almost 8GW of offshore order capacity in 2018, […]