By Vivek Dubey
CNBC-TV18.com
Published Sept 20, 2024
Global wind power installations hit a new peak in 2023, raising renewable energy's share to 30% of total power generation.
China drives global wind power, contributing nearly 66% of capacity additions in 2023, with major farms in Inner Mongolia and Xinjiang.
China aims to triple utility-scale wind and solar farms by 2030, supported by government investments in diverse renewable projects.
The US has the second highest wind capacity, reaching 148,020 MW in 2023, with an annual growth rate of 9.4% over the past decade.
Germany ranks third globally with 69,459 MW installed in 2023, maintaining a steady 7.6% growth rate from 2013 to 2023.
India is fourth with 44,736 MW capacity in 2023, showing a 9.3% growth rate, highlighting its ongoing commitment to wind energy.
Spain is fifth in wind capacity with 31,028 MW in 2023, growing at 3.1% annually, reflecting consistent renewable energy development.
The UK ranks sixth, with 30,215 MW installed in 2023 and a 10.4% annual growth rate, underscoring its focus on wind power.
Brazil is seventh with 29,135 MW in 2023, showcasing the fastest growth rate of 29.5% among the top wind power countries.
France ranks eighth with 22,196 MW capacity in 2023, growing at 10.5% annually, driven by expanding onshore and offshore projects.
Canada and Sweden close the top ten with capacities of 16,989 MW and 16,252 MW, growing at 8.1% and 14.5%, respectively.
Source: Energy Institute’s Statistical Review of World Energy 2024 report.