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May 7, 2020

Covid-19 lockdown pushes WindEnergy Hamburg back to December

By JP Casey

Originally scheduled for 22–25 September, the biennial WindEnergy Hamburg conference has been postponed to 1–4 December, with travel restrictions and uncertainty triggered by the Covid-19 pandemic making the event untenable in the current climate.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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“Hamburg Messe und Congress GmbH (HMC) is postponing WindEnergy Hamburg 2020 because of the Coronavirus pandemic and its global impact on major events and international travelling,” announced co-organisers HMC.

“HMC is in constant communication with the responsible health authorities to jointly assess the situation,” the group continued. “Comprehensive health protection measures appropriate for the given conditions will be taken and announced publicly in a timely manner for the rescheduled WindEnergy Hamburg in December 2020.”

The event will aim to bring together more than 35,000 visitors, from more than 100 countries, to discuss the future of onshore and offshore wind power. This year’s event prioritises “audience engagement and interactivity”, scrapping parallel sessions in favour of a more streamlined structure, and includes discussions on the impacts of the clean energy transition on both people and global business interests.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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