Wind energy will achieve record growth globally over the next 5 years, the Global Wind Energy Council (GWEC) trade association said on Thursday, as the impact of COVID-19 has only been to delay, not cancel, projects.

“While some project completion dates have been pushed into 2021 due to the pandemic, next year is expected to be a record year for the wind industry with 78 GW (gigawatts) of new wind capacity forecast to be installed in 2021,” GWEC said in an outlook report.

Global Wind Energy Set for Five Years of Record Growth: Research | Devamı>>>

Stretching for thousands of miles, the east coast of the United States is home to major cities, stunning beaches and millions of people. Soon, though, it could also host several major offshore wind farms, a development that would have a significant effect on America’s energy mix. At the moment, the offshore wind sector in the U.S. is small. The country’s first offshore wind farm, the 30 megawatt, five turbine Block Island Wind Farm, only started commercial operations at the end of 2016.

A Look at Offshore Wind in The U.S. | Devamı>>>

The amount of future new wind capacity in Europe financed last year rose to a record high, industry group WindEurope said on Thursday, as falling costs and increased competition made it possible for investors to fund more for less cash.

In total, 16.7 gigawatts (GW) of projects reached a final investment decision – 12.5 GW onshore and 4.2 GW offshore – 45 percent more than in 2017, WindEurope said in its annual report.

Funding for the new investments rose to 26.7 billion euros ($30.3 billion).

Record Amount of New Wind Capacity Financed in Europe Last Year | Devamı>>>