Redefining Energy
178. Delivering the Wind Reset - May25
May 5, 2025
Ben Backwell, Chair of the Global Wind Energy Council, offers sharp insights on the wind industry from Brazil. He discusses the competitive landscape, emphasizing China's dominance in the market and the challenges faced by U.S. offshore projects. The conversation delves into the 'wind reset' concept, aiming to tackle structural hurdles for growth. Despite the industry's struggles against misinformation and political opposition, Ben highlights wind energy's critical role in the transition to clean, secure power. Hope remains despite the turmoil!
26:25
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Quick takeaways
- The wind industry, though facing supply chain challenges and competition from solar, continues to grow with over one terawatt of capacity installed globally.
- China's dominance in wind energy is evident, but regions like India and the UK are making significant strides in development through regulatory reforms and investments.
Deep dives
Current State and Growth of the Wind Industry
The wind industry has experienced significant growth over the past two decades, evolving from a niche market to a robust global sector. Recently, it achieved monumental milestones, surpassing one terawatt of installed capacity and anticipating an increase of up to 140 gigawatts in new installations in the coming year. Despite challenges such as supply chain and technical issues, wind energy continues to expand in various regions, notably in China, which leads the market. However, the industry faces pressure to accelerate growth globally to meet energy and climate targets effectively.
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