Energy Investment Wind Power Company s power generation hit a new high

Why did offshore wind investment surge to a new high in 2023?

Offshore wind investment surged to a new high in 2023, according to BloombergNEF’s Renewable Energy Investment Tracker 1H 2024. The record comes despite rising costs and interest rates forcing some firms to delay or cancel projects last year. Global offshore wind investment reached a record $76.7 billion, jumping 79%.

Why did global offshore wind investment hit a record?

The record comes despite rising costs and interest rates forcing some firms to delay or cancel projects last year. Global offshore wind investment reached a record $76.7 billion, jumping 79%. This offset the 17% year-on-year decline from the onshore segment.

How will solar PV & wind impact global electricity generation?

The share of solar PV and wind in global electricity generation is forecast to double to 25% in 2028 in our main case. This rapid expansion in the next five years will have implications for power systems worldwide.

Who is the world's leading wind turbine supplier?

China’s Goldwind maintained its position as the world’s leading wind turbine supplier. The company commissioned 16.4GW of projects last year, 95% of which were in its home market. The record new build in China also propelled Envision, another local player, to second place, adding 15.4GW.

Will wind power gain more ground in the electricity generation market?

There are several reasons to believe wind power will gain further ground in the electricity generation market in the coming years. Global wind generation capacity has been one of the fastest-growing forms of electricity production so far this century. It expanded around 20% per year from 2001 through 2021, according to Ember.

Will 2023 be the best year for new wind projects?

The world installed 117 gigawatts of new wind power capacity in 2023, a 50 percent increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry's trade association.