The global wind industry installed a record 117GW of new capacity in 2023. Total installations of 117GW in 2023 represent a 50% year-on-year increase from 2022.
2023 was a year of continued global growth, with 54 countries representing all continents building new wind power. The top 5 markets for new wind installations in 2023 were China, the US, Brazil, Germany, and India. China set a new record with 75GW of new installations commissioned, accounting for nearly 65% of the global total. Latin America also experienced record growth in 2023, with year-on-year growth of 21%, led by Brazil’s new installations of 4.8GW. Wind installations in Africa and the Middle East increased by 182% compared to 2022.
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 117GW in 2023 to at least 320GW by 2030 to meet the COP28 and 1.5°C pathway targets. GWEC calls on policymakers, investors, and communities to work together across 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.
