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Things to Watch: Wind
Feb 3, 2024
BloombergNEF's Head of Wind Research, Oliver Metcalfe, joins Dana to discuss the wind sector in 2024. They talk about stable environment for offshore wind development, success of auctions, and challenges for Chinese turbine makers.
15:49
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Quick takeaways
- 2024 is expected to be a positive year for wind installations with stability in offshore wind and increased demand for turbines from Chinese manufacturers.
- Falling interest rates in 2024 are likely to boost new financing activity and investment in the wind sector, but Chinese turbine manufacturers might face strain on profitability due to low prices and negative margins.
Deep dives
Wind Sector in 2024
In this podcast episode, the head of wind research discusses key factors to watch for in the wind sector in 2024. He highlights the stability of offshore wind following last year's turbulence, the potential for low prices and margins for turbines from Chinese manufacturers, and the outlook for auctions in 2024. It is expected to be a positive year for wind installations, with the US and China leading the way. Additionally, the manufacturing sector is anticipated to catch up with increased demand, particularly in Europe. Overall, the wind industry is on an exciting growth trajectory.
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