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Global $69.38 Bn Offshore Wind Power Markets to 2025


Global $69.38 Bn Offshore Wind Power Markets to 2025
April 28, 2021 05:38 ET
| Source:
Research and Markets
Research and Markets
Dublin, IRELAND
ResearchAndMarkets.com s offering.
The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.
Market Dynamics
This growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources. Offshore wind energy form an integral part of these clean energy resources and also has a higher capacity factor compared to onshore wind. ....

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Three stocks from emerging Asia, a region racing ahead of its rivals


Three stocks from emerging Asia, a region racing ahead of its rivals
Emerging Asia should be the fastest-growing region in the world this year, says Avo Ora of the Pictet Asian Equities ex-Japan fund. Here, he picks three of his favourite stocks.
29 Apr 2021
Emerging Asia has pulled out of the pandemic faster than many might have expected. Its outperformance relative to developed economies and emerging market peers is due to several factors. Its experience of dealing with past health crises – notably Sars – has allowed it to cope better with Covid-19.
What’s more, the bloc’s anti-crisis economic policies have been prudent and measured, in contrast to the West, where governments and central banks have been forced to take far more extreme measures. ....

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Wind-Power Equipment-Makers Post Record Sales as Subsidies Die Down


Wind-Power Equipment-Makers Post Record Sales as Subsidies Die Down
China’s wind power equipment makers posted record sales last year, as the country took steps to boost contributions from non-fossil fuel power sources and builders scrambled to set up new wind farms with the looming expiration of government subsidies.
Many companies noted in their annual reports that sales were being buoyed by the rush to build new wind power farms to take advantage of subsidies that ended last December for land-based projects and separate subsidies that will end later this year for sea-based projects.
“The countdown is on for national subsidies. The year 2020 was a rush for land-based wind power. And 2021 will become a rush for sea-based wind farms,” said Ming Yang Smart Energy Group Ltd. (6016015.SH), whose annual report showed its sales last year rose 132% to equipment with 5.7 gigawatts (GW) of capacity. ....

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