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Energy Transition Update - North America Wind Power Market Set For Strong Growth

The North America wind power equipment market is projected to reach USD 39 billion by 2035, growing at a 5.0% CAGR on clean energy policies and repowering of existing assets. In the U.S., Inflation Reduction Act tax credits have generated substantial project commitments, while Canada’s clean electricity standards also boost demand. Offshore wind is growing on state-level mandates and larger, more efficient turbines. In other market news, Ryohin Keikaku rose 9.7% to ¥4,811, while Hyosung Heavy Industries fell 15.9% to ₩1,795,000; Tesla closed at $367.16 (down 2.2%), GE Vernova at $941.78 (down 6.2%), and Vistra at $151.79 (down 6.5%).

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