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Wind: predictions for 2024
The wind energy landscape is poised for a significant turnaround in 2024 after grappling with challenges in 2023, particularly outside of China where onshore wind markets contracted by 11%. Global wind project development faced hurdles like fluctuating policies, elevated equipment costs, high interest rates, permitting issues and transmission delays. However, the Chinese wind energy market remained resilient, set to install over half the world's wind energy capacity in 2024. Expectations for a recovery in 2024 are supported by record wind turbine order backlogs, unprecedented policy momentum globally, and increased ... (full story)