Infographic: Targets Propel Turbines
Nearly 78 GW of new wind power capacity was connected to the global power grid in 2022. This number is expected to grow to 136 GW each year over the next five years.
These numbers are even more intimidating if you look back at 2022. Overall the market added 77.6 GW worldwide last year with onshore providing 68.8 GW and offshore providing 8.8 GW. The onshore wind installation market came in at 5 percent lower than the previous year primarily because of falling installations in the United States, GWEC reported. Offshore additions, however, made 2022 the second highest year in history for offshore wind installations.
Total installed wind capacity stands at 906 GW. GWEC Market Intelligence expects that 680 GW of new capacity will be added over the next five years.This means there will be more than 136 GW of new installations per year until 2027. But despite a revised growth rate by GWEC Market Intelligence (YoY growth of 13 percent), the market will achieve 68 percent of the wind power capacity required to stay on track with net zero goals.