Europe’s wind power industry saw a remarkable resurgence in 2023 with record investments of €30 billion in offshore wind projects and 16.2GW of new capacity installed, paving the way to achieve clean energy targets. Despite positive prospects, caution is advised due to sluggish investments in grid upgrades.
The global wind industry is not out of trouble yet
The global wind power industry faced challenges in 2023, with leading companies like Siemens Energy, Orsted, and Vestas projecting ongoing struggles due to project delays, equipment issues, and inflation. Rising costs and the need for sector reform further complicate the industry’s outlook for 2024.
The UK had a record wind power year in 2022
National Grid says that 2022 was a record year for wind power in the UK
The wind power industry has a record year as competition heats up
2020 was a record-breaking year for wind power.
Analysis: Is the UK doing everything it can to tackle climate change?
How much is the UK government doing to tackle climate change?