Record Year for Wind Energy Shows Momentum, Highlights Need for Policy-Driven Action

The global wind industry installed a record 117GW of new capacity in 2023, making it the best year ever for new wind energy. Despite a turbulent political and macroeconomic environment, 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.
Record Year for Wind Energy Shows Momentum, Highlights Need for Policy-Driven Action
Courtesy of GWEC

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

Still, 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 and 1.5C degree pathway targets.

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.

Ben Backwell, CEO of GWEC, said, "It's great to see wind industry growth picking up, and we are proud of reaching a new annual record. However much more needs to be done to unlock growth by policymakers, industry and other stakeholders to get on to the 3X pathway needed to reach Net Zero. Growth is highly concentrated in a few big countries like China, the US, Brazil and Germany, and we need many more countries to remove barriers and improve market frameworks to scale up wind installations.

"Geopolitical instability may continue for some time. But as a key energy transition technology, the wind industry needs policymakers to be laser-focused on addressing growth challenges such as planning bottlenecks, grid queues and poorly designed auctions. These are the measures that will significantly ramp up project pipelines and delivery, rather than reverting to restrictive trade measures and hostile forms of competition. Enhanced global collaboration is essential to fostering the conducive business environments and efficient supply chains required to accelerate wind and renewable energy growth in line with a 1.5C pathway."

Mohamed Jameel Al Ramahi, CEO of Masdar, said, "With the historic UAE Consensus achieved at COP28, the world has committed to tripling global renewable energy capacity by 2030. Wind energy will play a critical role in reaching these ambitions, with the Global Wind Report highlighting a record year for growth in 2023 and outlining the steps needed to triple wind capacity in line with this commitment.

"Masdar looks forward to continuing to work with our partners and fellow GWEC members to advance the global wind energy industry in support of these ambitions and delivering on the promise of the UAE Consensus."

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).