Global Wind Capacity To Soar By 1500%

Offshore wind has the potential to be the next game-changer in the global energy system and could attract as much as US$1 trillion investments by 2040, the International Energy Agency (IEA) said in a new report on Friday. The global offshore wind market is set to significantly grow over the next two decades, increasing by 13 percent every year until 2040, the IEA estimates in its Offshore Wind Outlook 2019. Offshore wind capacity around the world is set to jump 15-fold by 2040, becoming a US$1-trillion industry. This would match the capital expenditures…