OVERVIEW
The global wind industry installed a record 117GW of new capacity in 2023, making it the best year ever for new wind energy, finds this year’s Global Wind Report from the Global Wind Energy Council.
The report finds the wind industry is entering a new era of accelerated growth driven by increased political ambition, manifested in the historic COP28 adoption of a target to triple renewable energy by 2030.
Key Highlights
From GWEC's Global Wind Report 2024
- The report highlights increasing momentum on the growth of wind energy worldwide:
- Total installations of 117GW in 2023 represents a 50% year-on-year increase from 2022
- 2023 was a year of continued global growth – 54 countries representing all continents built new wind power
- GWEC has revised its 2024-2030 growth forecast (1210GW) upwards by 10%, in response to the establishment of national industrial policies in major economies, gathering momentum in offshore wind and promising growth among emerging markets and developing economies
The Ambition Implementation Target Gap
Looking forward, the report makes it clear that there is plenty to do to deliver on the increased ambition. The wind industry must roughly triple its annual growth from a level of 117 GW in 2023 to at least 320 GW by 2030 to meet the COP28 targets, and steer us back on to the 1.5 degree pathway.
The Global Wind Report provides a roadmap for how this can be done. GWEC calls on policymakers, investors and communities to work together across the key areas of investment, supply chains, system infrastructure and public consensus, to set the conditions for wind energy growth to take off through to 2030 and beyond.
Key Graphs
From GWEC's Global Wind Report 2024
Markets To Watch
This year’s Global Wind Report 2024 also includes the largest Markets to Watch ever. With 13 countries profiled, the report provides in-depth analysis from GWEC’s global team of industry experts.
- Australia
- Azerbaijan
- Brazil
- China
- Egypt
- India
- Japan
- Kenya
- The Philippines
- Saudi Arabia
- South Korea
- The United States
- Vietnam
