Key Market Indicators
Iceland's wind capacity is projected to witness steady growth, reaching approximately 2.9 megawatts by 2028, up from 2.6 megawatts in 2023. This marks an average annual growth rate of 2.1%. Since 2018, Iceland's wind energy supply has increased at a yearly rate of 1.2%. Despite these gains, the nation ranked 36th in 2023, with Slovenia surpassing it with a capacity of around 2.6 megawatts. Leading the European rankings, Spain, the United Kingdom, and France secured the second, third, and fourth positions, respectively, in wind capacity.
