Fourteenth WindEnergy trend:index: The mood in the wind sector is brightening up further
The 14th edition of the WindEnergy trend:index (WEtix) reveals that the mood in the wind energy market is brightening further in the longer term in both, the onshore and offshore segments, a fact that marks a return to the optimistic trends seen before last year. Compiled at six-month intervals since 2018, and issued by the global flagship fair WindEnergy Hamburg in collaboration with wind:research, a leading market research institute for wind energy, the survey also shows that the economic environment in the Asian market is now seen in a markedly better light than in the remaining regions of the world, with Asia’s onshore segment receiving the best marks ever. Permitting and regulatory matters as well as grid expansion, and in particular, the costs in the offshore segment continue to be major challenges for the industry. Furthermore, turbines are getting larger and larger, and they are doing so faster than previously anticipated.