The world’s wind energy industry could be on track to install nearly 1 terawatt (TW) of new capacity between 2021 and 2030, driven by surging installations in China, Europe, and the United States, energy consultancy Wood Mackenzie said in new research. China’s targets of wind and solar energy installations this decade, the European Union’s decarbonization plans, and the extension of the production tax credit (PTC) in the United States are all set to incentivize high volumes of wind power capacity installations this decade, according to Wood Mackenzie. “China’s 1,200 GW target of wind and solar by 2030 will result in 408 GW of new wind capacity from 2021 to 2030, representing 41% of global build. Offshore capacity in the country will grow by 73 GW during this period, an 800% increase in installed capacity in this sector,” said Luke Lewandowski, Wood Mackenzie Research Director. The EU’s green policies and […]