Key Market Indicators
Norway's wind capacity is projected to soar to approximately 12,000 megawatts by 2028, up from around 7,000 megawatts in 2023. This signifies an average annual growth rate of 8.3%. Since 1998, the country's wind energy supply has seen a substantial increase, growing by 32.8% each year. In 2023, Norway ranked 10th globally in wind capacity, with Denmark surpassing it by reaching the same level of 7,000 megawatts. Spain, the United Kingdom, and France held the 2nd, 3rd, and 4th positions, respectively. Turning to wind power consumption, Norway is expected to reach 0.29 exajoules by 2028, up from 0.16 exajoules in 2023. This represents an average annual growth rate of 8.7%. Since 2007, the country's wind power demand has surged, increasing by 34.7% annually. In terms of consumption, Norway also ranked 10th globally in 2023, with Denmark again taking the lead at 0.16 exajoules. The United Kingdom, Spain, and France occupied the 2nd, 3rd, and 4th spots, respectively.
