Global installations forecast to grow 47% in 2023

New wind installations are set to rise 47% annually from 78GW in 2022 to 115GW in 2023, the Global Wind Energy Council (GWEC) has predicted.

GWEC has today published its ‘Global Wind Report 2023’, in which it forecasts year-on-year growth each year until 2027, when it expects 157GW of new installations (see graph, below). It also forecast that annual offshore wind installations would grow from 8.8GW in 2022 to 35.5GW in 2027.

However, it also warned that 2022 was a crucial year for investment in the wind energy supply chain.

Morten Dyrholm, chairman of GWEC, said: “Healthy industries require thriving markets. At present, permitting and grid bottlenecks are limiting volumes to a crippling degree. Profitable companies must be able to set cost-covering prices. Policies must seek a balance between cost-competitive electricity, viable projects and healthy supply chains.”

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