Green Electric Windz

Tuesday, 12 November 2024 09:40 AM Despite a record 117 GW of new wind energy capacity installed in 2023, the wind industry is facing significant challenges, including rising costs and thin margins. Companies like Vestas are struggling with operational downtime and scarcity of orders, although the Inflation Reduction Act has helped revitalize some operations. I believe these challenges highlight the need for sustained policy support.

Tuesday, 12 November 2024 02:05 PM The Global Wind Report 2024 highlights that the wind industry must triple its annual growth to meet COP28 targets of tripling renewable energy by 2030. This requires significant investment and cooperation across key areas like investment, supply chains, and public consensus. I think achieving these targets will be crucial for global climate goals.

Tuesday, 12 November 2024 08:03 PM The offshore wind sector is facing significant challenges, including rising costs and project delays. Companies like GE Vernova and Orsted are experiencing difficulties, with GE Vernova incurring a $700 million loss due to blade failures. I think addressing these challenges is essential for the expansion of offshore wind energy.

Tuesday, 12 November 2024 09:15 AM The election of Donald J. Trump has raised concerns about the sustainability of the wind energy recovery in the U.S., given his past skepticism towards green energy. Policy uncertainty and potential tariffs could further complicate the industrys growth. I think stable and supportive policies are crucial for the long-term success of wind energy.