New prediction sees global installed wind power capacity to hit 2.38 TW in 2032

Wind Industry Profile of

10-year CAGR projected at 10.1%, short-term growth challenges persist

Increased activity in Western markets and Africa will drive a ten-year compound annual growth rate of 10.1% for grid-connected wind power, leading to 2.38 terawatts (TW) of cumulative installed capacity at the end of 2032, according to Wood Mackenzie. According to Wood Mackenzie’s “Global wind power market outlook update: Q3 2023” report, this long-term growth will take place despite short-term challenges that have caused a net downgrade of 10.1 gigawatts (GW) from 2023 to 2025. “There is encouraging activity in Western markets across North America, South America and Europe with revisions of national energy and climate plan (NECP) targets, positive auction... ... More: Official Press Release Wood Mackenzie

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