The Global Wind Report 2024 Was Released, With A Record Breaking Increase In Installed Capacity Showing Good Momentum

On April 16, 2024, the Global Wind Energy Council (GWEC) released the Global Wind Report 2024 in Abu Dhabi. The report shows that in 2023, the world's newly installed wind power capacity reached a record breaking 117GW, which is the best year in history. Despite the turbulent political and macroeconomic environment, the wind power industry is entering a new era of accelerated growth, as reflected in the historic COP28 goal of doubling renewable energy by 2030.

截屏2024-04-22 15.07.57

The Global Wind Report 2024 emphasizes the trend of global wind energy growth:

1. The total installed capacity in 2023 was 117GW, an increase of 50% compared to the same period last year;

2. 2023 is a year of sustained global growth, with 54 countries representing all continents having new wind power installations;

3. The Global Wind Energy Council (GWEC) has raised its 2024-2030 growth forecast (1210GW) by 10% to adapt to the formulation of industrial policies in major economies, the potential for offshore wind power, and the growth prospects of emerging markets and developing economies.

However, the wind power industry still needs to increase its annual installed capacity from 117GW in 2023 to at least 320GW by 2030 in order to achieve the goals of COP28 and a temperature rise of 1.5 degrees Celsius.

The Global Wind Report provides a roadmap on how to achieve this goal. GWEC calls on policymakers, investors, and communities to work together in key areas such as investment, supply chain, system infrastructure, and public consensus to create conditions for wind energy growth until 2030 and beyond.

截屏2024-04-22 15.24.30

Ben Backwell, CEO of the Global Wind Energy Council, said, "We are pleased to see the growth of the wind power industry accelerate, and we are proud to reach a new annual record. However, policymakers, industries, and other stakeholders need to do more to unleash growth and enter the 3X path required to achieve net zero emissions. Growth is highly concentrated in a few major countries such as China, the United States, Brazil, and Germany, and we need more countries to eliminate barriers and improve market frameworks to expand wind power installation."

"Geopolitical instability may persist for a period of time, but as a key energy transition technology, the wind power industry requires policymakers to focus on addressing growth challenges such as planning bottlenecks, grid queues, and poorly designed bidding. These measures will greatly increase project numbers and deliveries, rather than reverting to restrictive trade measures and hostile forms of competition. Strengthening global cooperation is crucial for promoting a favorable business environment and efficient supply chains, which are necessary to accelerate wind and renewable energy growth and align with a path of 1.5 degrees Celsius temperature rise."

1. 2023 is the year with the highest onshore wind power installed capacity on record, with a single year installed capacity exceeding 100 GW for the first time, reaching 106 GW, a year-on-year increase of 54%;

2. 2023 is the second best year in the history of offshore wind power installation, with a total installed capacity of 10.8GW;

3. In 2023, the global cumulative wind power installed capacity exceeded the first TW milestone, with a total installed capacity of 1021GW, a year-on-year increase of 13%; 

4. The top five global markets - China, the United States, Brazil, Germany, and India;

5. China's newly installed capacity reached 75GW, setting a new record, accounting for nearly 65% of the world's newly installed capacity; 

6. China's growth supported a record breaking year in the Asia Pacific region, with a year-on-year increase of 106%; 

7. Latin America also experienced record growth in 2023, with a year-on-year increase of 21%, with Brazil's new installed capacity of 4.8GW, ranking third globally;

8. Compared to 2022, wind power installed capacity in Africa and the Middle East has increased by 182%.

截屏2024-04-22 15.27.20

Mohammed Jameel Al Ramahi, CEO of Masdar, said, "With the historic UAE consensus reached on COP28, the world is committed to doubling global renewable energy capacity by 2030. Wind energy will play a crucial role in achieving these goals, and the Global Wind Energy Report highlights the record growth in 2023 and outlines the steps required to double wind power installed capacity based on this commitment."

"Masdar looks forward to continuing to collaborate with our partners and GWEC members to drive the development of the global wind energy industry, support these ambitions, and fulfill the commitments of the UAE consensus."

"The detailed Global Wind Energy Report provides a comprehensive interpretation of the wind power industry and is a key document for utilizing wind energy to achieve the world's net zero target," said Girith Tanti, Vice President of Suzlon

"This report further confirms my position that every country's government must strive to balance local and global priorities to achieve our common goal of doubling renewable energy. This report calls on policymakers and governments to support regional friendly policies and systems based on their own regulatory and geopolitical scenarios to expand and maintain a secure renewable energy supply chain, while eliminating implementation barriers and achieving rapid growth."

截屏2024-04-22 15.29.42

"Whatever I emphasized is not too much: we cannot prevent the climate crisis in isolation. So far, the global North has largely taken on the green energy revolution and requires the support of the global South in cost-effective technology and supply chains to unleash the true potential of renewable energy. Renewable energy is the equalizer that our fragmented world currently needs because it can achieve decentralized power generation, ensure millions of new jobs, and meet the basic needs of clean air and public health."

截屏2024-04-22 15.31.07

"Wind energy is the cornerstone of renewable energy and a key determinant of its global expansion and adoption speed. We at GWEC are working hard to bring this industry together to achieve our goal of achieving a global wind power installation capacity of 3.5 TW (3.5 billion kilowatts) by 2030." 

The Global Wind Energy Council (GWEC) is a membership organization aimed at the entire wind energy industry, with members including businesses, government organizations, and research institutions. GWEC's 1500 members come from over 80 countries, including whole machine manufacturers, developers, component suppliers, research institutions, wind or renewable energy associations of various countries, power suppliers, financial and insurance institutions, etc.


Post time: Apr-22-2024