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GWEC and Wood Mac herald wind records, but leaner times from 2021

The Global Wind Energy Council came out with a update to its numbers this week, forecasting a well anticipated blip in wind Turbine installations, which will come after both the USA and China close out tax and subsidy incentives to build out wind projects after 2020. The tiny CAGR of just 4% is seen operating across the market, showing how mature this market has become, and its numbers also show the shift to offshore activity, which seems to be rising far faster, with China supposedly demonstrating a CAGR of 8.2% now, which will accelerate to 12% CAGR after 2024. GWEC talked up the idea that 60 GW was the real market, and it was going up from there and had…

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