Key Market Indicators
Latvia's wind capacity is projected to reach approximately 93 megawatts by 2028, up from around 82 megawatts in 2023. This represents an average annual growth rate of 2%. Since the year 2000, Latvia's wind power supply has experienced a modest annual increase of 0.9%. In 2023, Latvia ranked 31st globally in wind capacity, with Moldova surpassing it slightly with the same capacity of around 82 megawatts. Leading the rankings were Spain, the United Kingdom, and France, occupying the second, third, and fourth positions respectively. Meanwhile, Latvia's wind power consumption is expected to remain constant at 0 exajoules by 2028, mirroring the consumption level from 2023. Since 2008, the country has seen its wind power demand rise significantly by 14.9% annually. In 2023, Latvia was placed 27th in terms of wind power consumption, with Cyprus just ahead, also at 0 exajoules. The United Kingdom, Spain, and France were the top three countries in this category.
