HUTCHINSON, Kan. — As state and local government officials hash out possible wind energy regulations, Siemens Gamesa Renewable Energy held its 2021 Annual General Shareholders' Meeting on Wednesday.
The company reported the prospects of renewable energy have never been more promising as governments are prioritizing green investment in strategies for economic recovery and there is growing global commitment to address the decarbonization challenge.
According to Wood Mackenzie´s global market outlook from December 2020, 850 GW of new wind power will be added between 2020 and 2029 — 85 GW per year — at an average annual growth rate of 5%. Miguel Ángel López, chairman of Siemens Gamesa, explained during his speech how this momentum is increasing opportunities for the company:
“The realization of the immediate need to address the climate threat is driving a growing global focus on sustainability that in turn provides bright prospects for our industry and our company,” Lopez said. “I am optimistic about the future and look forward to what lies ahead. We will remain focused on disciplined implementation of our business plan and on achieving sustained value creation.”
The presentation comes as Kansas legislators are considering much stricter guidelines for establishing wind farms where Hutchinson is the home to Siemens Gamesa’s North American nacelle facility. Reno County is also in the middle of establishing wind regulations, which proponents of wind energy say are too restrictive. Opponents of wind say it’s not enough.
CLICK HERE to download the Hutch Post mobile app.
CLICK HERE to sign up for the daily Hutch Post email news update.