Key Points
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
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The Implementation, Target and Ambition 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.
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.
- Including: Australia, Azerbaijan, Brazil, China, Egypt, India, Japan, Kenya, The Philippines, Saudi Arabia, South Korea, The United States and Vietnam.
Contact Our Team For Media Enquiries
Alex Bath
Communications Director
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alex.bath@gwec.net