Wind-power industry predicts rapid growth in 2023, just in time for Biden's offshore push

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'Twin challenges of secure energy supplies and climate targets will propel wind power into new phase of extraordinary growth,' Global Wind Energy Council says.

An optimistic global report on the outlook for wind energy issued Monday bodes well for recent announcements in the U.S., which is pushing offshore to try to harness more green-energy replacements for coal, oil and gas.

The group said rising concern about climate change derived from burning fossil fuels, as well uncertainty around secure energy supplies following Russia’s invasion of Ukraine, is pushing more nations to tap wind and regain some control over a market less dependent on Middle East oil or Russian natural gas.

Read: How to invest in ‘green steel’ disrupters: U.S. company gets ArcelorMittal backing and more stocks to watch That includes in the U.S., the group said, where last year’s passage of the Inflation Reduction Act spending bill included incentives for renewable energy development. These actions, and lease sales last year in the Pacific, expand the map for offshore wind in the U.S. and support the president’s goal of deploying 30 gigawatts of offshore wind by 2030, groups backing wind power said in a release at the time.

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Needs to be 4x faster

😆sure

Too bad it is not effective.

More lib green bs

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