Key Market Indicators
Belgium's wind capacity is projected to reach 8,100 megawatts by 2028, up from 5,900 megawatts in 2023. This represents an average annual growth rate of 5%. Since 1995, the nation's wind energy supply has increased by an average of 12.2% per year. In 2023, Belgium ranked 11th in wind capacity, with Norway surpassing it with 5,900 megawatts. Leading the ranking were Spain, the United Kingdom, and France, holding the second, third, and fourth positions, respectively. Belgium's wind power consumption is anticipated to rise to 0.15 exajoules by 2028, increasing from 0.12 exajoules in 2023. This reflects a compound annual growth rate (CAGR) of 3.9%. Since 2007, the country's demand for wind power has surged by an average of 10.6% annually. In 2023, Belgium was ranked 12th in wind power consumption, just behind Portugal, which also recorded 0.12 exajoules. The United Kingdom, Spain, and France occupied the second, third, and fourth spots in this ranking.
