The Global Wind Energy Council (GWEC) expects an addition of 5 gigawatts (GW) on average to reach 55 GW of new onshore and offshore wind installations up to 2023, according to GWEC report on Thursday.
Last year, the wind industry worldwide added a total of 51.3 gigawatts, the report showed, consistent with annual installations topping 50 GW since 2014 despite fluctuations in some markets.
Globally, installed capacity reached 591.54 GW as at the end of 2018. Global onshore wind capacity reached 568.40 GW while offshore wind capacity totaled 23.14 GW, the report said.
The Global Wind Energy Council's Market Intelligence platform, which provides a series of insights and data-based analysis for wind energy statistics, country profiles, market outlooks and policy updates for key wind energy markets, estimates that wind energy growth will come from developing markets in Africa, the Middle East, Latin America and South-East Asia.
"Mature markets in Asia, Europe and North America will continue with stable volumes," the report stated.
By Gulsen Cagatay