BNEF Brief: Record Wind Energy Forecasted for '19 & '20

The video discusses the significant growth in the global wind sector, reaching 70 gigawatts. Key factors include the end of subsidies in China and the US, and new merchant opportunities. The US market is crucial, with a slow ramp-up expected. Offshore wind is now competitive, with potential to expand from Europe to the US. Prices have fallen due to competitive auctions, leading to market consolidation and maturity, with the top ten players supplying 85% of the global market.

What are the main factors contributing to the recent surge in global wind energy?

• Technological advancements in solar energy

• Decrease in global energy demand

• Expiration of subsidies and rise of merchant opportunities

• Increased government subsidies

How is the US market expected to evolve as subsidies end?

• A slow ramp-up with new merchant opportunities

• Increased government intervention

• A rapid decline in wind energy projects

• Complete reliance on solar energy

What unexpected trend has emerged in the US wind energy sector?

• A shift towards nuclear energy

• A decline in wind energy investments

• The rise of offshore wind energy

• Increased reliance on coal energy

What has been the impact of competitive auctions on wind energy prices?

• Prices have become unpredictable

• Prices have fallen, accelerating recently

• Prices have remained stable

• Prices have increased significantly

What percentage of the global wind market is supplied by the top ten players?

• 50%

• 95%

• 65%

• 85%