Is the wind industry entering a new era of accelerated growth?

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. Looking forward, the report makes it clear that there is plenty to do to deliver on the increased ambition.

Where does wind power come from?

Since 2010, more than half of all new wind power was added outside the traditional markets of Europe and North America, mainly driven by the continuing boom in China and India. China alone had over 40% of the world's capacity by 2022. Wind power is used on a commercial basis in more than half of all the countries of the world.

How did wind power grow in 2022?

In 2022 wind electricity generation increased by a record 265 TWh (up 14%), reaching more than 2 100 TWh. This was the second highest growth among all renewable power technologies, behind solar PV.

How much wind power does the world need?

The world's installed wind power capacity now meets around 10% of global electricity demand – another important milestone. More than ten countries now have a wind power share of more than 20%, led by Denmark, which generates an astonishing 56% of its electricity from wind.

What is the wind energy sector?

Press releases The wind energy sector is currently the most well-developed area of industry in the renewable energy sector around the world. Over the past 30 years, an efficient wind energy sector has developed due to the development of research and funding programmes in many countries.

Why is wind energy important?

Wind energy is an important, clean, and renewable resource that can be harnessed to generate electricity. Wind energy is produced through the movement of air over the Earth’s surfaces. To generate usable electricity, the kinetic energy from the wind is converted into electrical energy.