Global Wind Power Poised For Record Share Of Electricity Market

Global wind-powered electricity generation could reach a new high in 2024 as winter winds boost output across most of the world’s wind farms, potentially setting a record share of global electricity production.

While wind generation rose by only 7% in the first nine months of 2024 compared to 2023, historical trends suggest a late-year surge due to higher winter wind speeds, particularly in the northern hemisphere where over 90% of wind farms are located. If this occurs, wind power could surpass 10% of global monthly electricity output for the first time in November and December.

Wind generation in China, the United States and Germany (responsible for 64% of global capacity) will be key to hitting this milestone. China, with 43% of global wind capacity, saw an 11% increase in wind generation in the first nine months of 2024, while the U.S. and Germany also posted gains of 6.2% and 7%, respectively.

Despite recent slowdowns in capacity growth due to supply chain issues and inflation, experts predict a rebound in the coming years. Installations in Germany are expected to accelerate following infrastructure repairs, and the U.S. may see a surge in projects as developers rush to complete them before potential political changes. Asia, led by China, continues to drive robust wind capacity expansion, with China installing 39,000 MW of new capacity so far in 2024.

While challenges remain, the coming months and projected capacity increases in 2025 suggest wind power is set to play an increasingly significant role in the global energy market.

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