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sees almost 60 GW of new wind installations in 2017, rising to an annual market of about 75 GW by 2021, to bring cumulative installed capacity of over 800 GW by the end of 2021.Growth will be led by Asia: China will continue to lead all markets, but India set a new record for installations this past year and has a real shot at meeting the government’s very ambitious targets for the sector; and there are a number of exciting new markets in the region with great potential.Market fundamentals are strong in North America, and Europe’s steady if unspectacular march towards its 2020 targets has been given a big boost by the year’s most exciting new development: the dramatic price reductions for offshore wind. Europe will continue to lead the offshore market, but the low prices have attracted the attention of policymakers worldwide, particularly in North America and Asia.Offshore wind has had a major price breakthrough in the past year, and looks set to live up to the enormous potential that many have believed in for years. We see the technology continuing to improve and spread beyond its home base in Europe in the next 5-10 years. GWEC’s Global Wind Energy Outlook outlines scenarios where wind could supply 20 per cent of global electricity by 2030. The report looks at four scenarios exploring the future of the wind industry out to 2020, 2030 and 20506.By 2030, wind power could reach 2,110 GW, and supply up to 20 per cent of global electricity, creating 2.4 million new jobs and reducing CO2 emissions by more than 3.3 billion tonnes per year, and attract annual investment of about €200 billion. With dramatic price decreases in recent years for wind, solar and other renewables, a decarbonised power sector is not only technically feasible, but is economically competitive as well.Decarbonising the global energy system includes the transport sector as a major emitter of carbon. The market for electric mobility, both in regard to electric vehicles as well as public transport, will continue to grow significantly with this electricity demand for the transport sector. Austria, China, Denmark, Germany, Ireland, Japan, the Netherlands, Portugal, Korea and Spain have set official targets for electric car sales. The United States does not have a federal policy, but several states have set out goals. Countries are moving forward with plans for electrifying their transport fleets. Wind power is in a pole position to supply this future power demand.According to BNEF’s New Energy Outlook, renewable energy sources are set to represent almost three quarters of the US$10.2 trillion that the world will invest in new power-generating technology until 2040. This will happen largely due to rapidly falling costs, and a growing role for batteries, including electric vehicle batteries, in balancing supply and demand. The report expects wind to account for almost 30 per cent of this new investment out to 2040. Various leading Industry experts and publications have estimated that the cost of producing energy using wind has dropped to around €100 per MWh. This makes the energy source almost as cost effective as conventional coal and nuclear energy in most markets.048 SUSTAINABLE ENERGY