Wind Industry Predicts Record Growth Despite Recent Setbacks.

The wind power industry is expected to experience rapid growth in 2023, with the installation of 680 gigawatts of new onshore and offshore wind by 2027, according to the Global Wind Energy Council. The industry stalled in 2022 due to government policies that encouraged "race to the bottom" pricing, inflation, higher logistics costs, and inefficient permitting and licensing rules. However, incentives and policy changes in key nations are expected to help overcome these factors. The industry will reach a historic milestone of 1 terawatt of wind energy installed worldwide this year, with the 2-terawatt milestone expected to come in 2030.