The report highlights increasing momentum on the growth of wind energy worldwide:
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."
