Wind is booming. With or without the embattled production tax credit (PTC)‚Äîwhich is currently allowing American wind producers to compete with fossil fuels and expand their market share‚Äîwind power will be integral to the world’s future energy mix. The IEA concluded as much in its big energy outlook report earlier this week, and now, here comes another vote of confidence:
The Global Wind Energy Council has just released a major forecast, and it predicts a few tough years ahead for the wind industry. But the longterm outlook is strong. In fact, the GWEC projects that in just under 10 years, wind could supply one tenth of the world’s power. In 20, it could be twice that.