- Oct 10, 2019 6:30 pm GMT
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Uneven growth was seen in the wind market in the last quarter, according to market research firm Wood Mackenzie. Established markets were largely stagnant. An auction in Poland and growing confidence in developers' ability to comply with local content requirements in Russia led to a 17% wind power capacity increase this quarter in Eastern Europe. A 5% uptick was seen in the US as utilities tried to take advantage of expiring wind power Production Tax Credits (PTCs). Undersubscription of the last two onshore wind tenders in Germany resulted in a 3% downgrade in Western Europe. Market disorder persists in India, where a 3.2GW downgrade from 2019 to 2021 cuts the 10-year outlook for Asia Pacific - excluding China, which was stagnant, - by 2.8%. What do you make of the current market? What may spur adoption?