Paris Agreement Set To Boost Wind Turbine Sales, According To Moody’s



Visit website

Clean Technica

The Paris Agreement, which was agreed upon at COP21 in Paris in December, is set to boost wind turbine manufacturer sales, according to a new report from Moody’s.

According to a new report from Moody’s Investors Service, the Paris Agreement, which was agreed upon at the 21st session of the UN Framework Convention on Climate Change Conference of the Parties (COP21) and signed by at least 165 countries earlier this year, will give a tremendous boost to the sale of wind turbines in the coming years. Specifically, the commitments made in signing the Paris Agreement will lead to increases in investment, particularly in emerging markets, towards renewable energies such as wind and solar. Moody’s highlights several companies — Siemens Aktiengesellschaft, General Electric Company, Vestas, Gamesa, Goldwind, and Senvion TopCo GmbH — which are all expected to see sales increase as a direct result of the Paris Agreement over the next five to ten years.