Offshore Wind to Grow 6-Fold, Aiding Suzlon, Vestas: HSBC
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Offshore wind power is set to grow six-fold by 2020, benefiting turbine makers Suzlon Energy Ltd., Vestas Wind Systems A/S and Gamesa Corp. Tecnologica SA, HSBC Holdings Plc said.
Total global installed capacity of wind turbines at sea is forecast to rise to 43 gigawatts by 2020 from 6.5 gigawatts at the end of 2013, the bank said today in an e-mailed report. The U.K., with 11 gigawatts, China with 10 gigawatts and Germany with 7 gigawatts will be the biggest offshore wind markets.