Even as the wind power generation technology is now relatively advanced, the industry is reaching a stage of maturity in the key markets, with some other markets still evolving. In 2019, around 60.4 GW of new wind power capacity was added globally, making it the second-largest year in history and close to the largest year in 2015 (63.8 GW), bringing global cumulative wind power capacity up to 651 GW. The massive wind turbine installation was primarily the result of a strong year in both China and the US – the world’s two largest markets ahead of the expiry of Feed-in Tariffs (FiT) for onshore in the first country and the PTC (extended until the end of 2020 in Dec 2019) in the second. Blackridge Research’s Luxembourg Wind Power Market Outlook report provides comprehensive market analysis on the historical development and targets, the current state of wind power installation scenario, and its outlook.
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The insights in the research report – market data, policies and regulations, project data, company profiles, and competitive landscape analysis – have been derived primarily from our proprietary databases, and offerings – Wind Intelligence Huband Project Tracker Service. The report discusses the impact of the ongoing COVID-19 pandemic on the wind power market, economic trends, and investment & financing scenario in Luxembourg. It gives insights into the market dynamics and the challenges of wind power development in the country. It also comprises significant market development trends and highlights how the socio-economic, environmental, and political factors affect the nation’s wind market.
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