Global Wind Installations Reach New High in 2023
POWER & RENEWABLE ENERGY

Global Wind Installations Reach New High in 2023

According to recent data, global wind energy installations surged to a new high in 2023, indicating robust growth and increasing adoption of renewable energy sources. The report highlights significant investments and advancements in wind power technology, driving the expansion of clean energy generation across various regions.

In 2023, the global wind industry installed a record-breaking capacity of XX gigawatts (GW), surpassing previous years' figures and demonstrating the sector's resilience and momentum. This remarkable growth underscores the growing importance of wind energy in the transition towards a low-carbon future and the decarbonization of the global energy sector.

Several factors contributed to the record installations of wind energy capacity in 2023, including supportive government policies, declining costs of wind power generation, and technological innovations in turbine design and efficiency. These factors have enabled wind energy to emerge as a competitive and reliable source of electricity generation in many parts of the world.

Asia-Pacific emerged as a key driver of global wind installations in 2023, with significant contributions from countries such as China, India, and Australia. The region's expanding renewable energy market, coupled with ambitious clean energy targets, has propelled the rapid deployment of wind power projects across diverse landscapes.

The record-breaking wind installations in 2023 mark a significant milestone in the global energy transition towards sustainability and climate resilience. As countries continue to prioritise renewable energy deployment and accelerate efforts to mitigate climate change, wind power is expected to play an increasingly pivotal role in shaping the future of the global energy landscape.

According to recent data, global wind energy installations surged to a new high in 2023, indicating robust growth and increasing adoption of renewable energy sources. The report highlights significant investments and advancements in wind power technology, driving the expansion of clean energy generation across various regions. In 2023, the global wind industry installed a record-breaking capacity of XX gigawatts (GW), surpassing previous years' figures and demonstrating the sector's resilience and momentum. This remarkable growth underscores the growing importance of wind energy in the transition towards a low-carbon future and the decarbonization of the global energy sector. Several factors contributed to the record installations of wind energy capacity in 2023, including supportive government policies, declining costs of wind power generation, and technological innovations in turbine design and efficiency. These factors have enabled wind energy to emerge as a competitive and reliable source of electricity generation in many parts of the world. Asia-Pacific emerged as a key driver of global wind installations in 2023, with significant contributions from countries such as China, India, and Australia. The region's expanding renewable energy market, coupled with ambitious clean energy targets, has propelled the rapid deployment of wind power projects across diverse landscapes. The record-breaking wind installations in 2023 mark a significant milestone in the global energy transition towards sustainability and climate resilience. As countries continue to prioritise renewable energy deployment and accelerate efforts to mitigate climate change, wind power is expected to play an increasingly pivotal role in shaping the future of the global energy landscape.

Next Story
Real Estate

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

Next Story
Infrastructure Transport

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

Next Story
Infrastructure Urban

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App