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 impact have competitive auctions had on prices and margins in the wind energy industry?

What does the concentration of the top ten players in the global wind market indicate?