Asia Pacific Leads Global Wind Power Sector Growth

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.

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.

Growth Around the Globe:

  • 2023 was the best year on record for onshore wind capacity, surpassing 100GW in a single year for the first time with a total of 106GW – representing Year-on-Year growth of 54%
  • 2023 was the second-best year in history for offshore wind installations with 10.8 GW total installed
  • Global cumulative wind power capacity passed the first 1 TW milestone in 2023, and now totals 1021GW following YoY growth of 13%
  • Top 5 markets for new wind installations  – China, US, Brazil, Germany, India
  • China set a new record with 75 GW of new installations commissioned – nearly 65% of the global total
  • China’s growth underpinned a record year for the Asia-Pacific Region with year-on-year growth of 106%
  • Latin America also experienced record growth in 2023, with year-on-year growth of 21%, led by Brazil’s new installations of 4.8GW, which registered as third globally
  • Wind installations in Africa & Middle East increased by 182% compared with 2022

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.”