Wind energy is recovering from a 2022 slump

Rows of wind turbines rising above the sea. Aerial view of an offshore wind farm on July 2nd, 2022, in Zhoushan, Zhejiang Province of China. | Photo by Yao Feng / VCG via Getty Images

The wind energy industry is recovering from a worrying slump in 2022, according to a new report from BloombergNEF. Growth in global capacity — encompassing offshore and onshore wind — dropped 15 percent last year. The decline in new offshore wind installations was more stark, falling 46 percent from 2021.

Until last year, winds looked favorable for the industry. Turbines have gotten Read Entire Article

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