Wind Power Growth Sputters as China Takes Top Supplier Spot

Wind power industry growth dropped to the lowest in three years in 2022, hit by rising costs and shifting government policies.

That’s according to the latest analysis from clean energy researchers at BloombergNEF. While global governments are relying on a rapid scale-up of the wind industry to hit climate goals, shrinking profit margins and soaring costs have cooled development.

“Alarm bells should be ringing,” said Cristian Dinca, an analyst at BloombergNEF. “Governments around the world are increasing their ambition on decarbonization and, at the same time, new additions are slowing on the ground.”

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