The Asia-Pacific (APAC) region will lead global wind power expansion in the 2020s – both on- and offshore – while the German market will stabilise after a lull next year, finance giant Commerzbank predicts in a study released ahead of the Global Wind Summit industry conference and exhibition in Hamburg next week.
“We continue to observe a solid global expansion of renewable energies amid a still-falling levelised cost of energy (LCOE),” said Berthold Bonanni, head of the energy area at Commerzbank
Onshore wind additions in the APAC region are estimated to increase from 24.3GW
