Wind turbine deployment will fall by 20%, while new capacity will increase from 53 GW last year to 75 GW by 2027, according to a report from Wood Mackenzie Power & Renewables. The report, which was released on Tuesday, said that the growth in wind power is expected to be driven largely by China, where demand for electricity has been growing at an annual rate of about 10% over recent The Global Wind Turbine Supply Chain Trends report values the supply chain at $540bn over the coming decade and advises component suppliers to partner with the major turbine manufacturers, which are forecast to reach 73% share of the market within eight years.
Wind turbine deployment will fall by 20%, while new capacity will increase from 53 GW last year to 75 GW by 2027, according to a report from Wood Mackenzie Power & Renewables. The disparity comes from the introduction of larger, next-generation turbines with more capacity than previous units. The Global Wind Turbine Supply Chain Trends report values the supply chain at $540bn over the coming decade and advises component suppliers to partner with the major turbine manufacturers, which are forecast to reach 73% share of the market within eight years.