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Growth Opportunities in the Global Onshore Wind Turbine Market, Forecast to 2025
Technology Innovation, Declining Solution and Project Costs, and Growth in Demand for Renewable Power Purchase Agreements (PPAs) are Likely to Drive the Market in Future
  • A sustained decline in the overall costs of wind turbines as well as ambitious national- and regional-level renewable energy targets drove new onshore wind installation capacity to touch 54.03 GW in 2018, a year-on-year increase of 12.1 percent. The global market is forecast to add onshore wind capacity of 54.28 GW annually till 2025, with cumulative installations expected to reach 954.47 GW in 2025.

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