Global wind industry achieves record growth

Staff
By Staff
2 Min Read

The global wind industry soared to new heights in 2023, installing a record 117GW of new capacity, marking a 50% increase from the previous year.

This surge in installations was noted across 54 countries spanning all continents.

The Global Wind Energy Council (GWEC) has revised its growth forecast for the period between 2024 and 2030 upwards by 10%, now projecting a total capacity of 1210GW.

This upward adjustment is attributed to the implementation of national industrial policies in major economies, the burgeoning offshore wind sector and promising developments in emerging markets and developing economies.

However, despite this remarkable progress, the industry faces a daunting challenge to meet the ambitious targets set forth by COP28 and the 1.5-degree Celsius pathway.

To achieve these goals, the wind industry must triple its annual growth rate from the 2023 level to at least 320GW by 2030.

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