Key Market Indicators
Finland's wind energy capacity is projected to hit 7,200 megawatts by 2028, a significant rise from the current 4,500 megawatts in 2023. This increase represents an average annual growth rate of 7.2%. Since 1996, the country's wind energy supply has seen an impressive annual growth rate of 17%. In 2023, Finland ranked 15th globally in wind capacity, with Ireland surpassing it at 4,500 megawatts. The top spots in this ranking are held by Spain, the United Kingdom, and France, occupying the second, third, and fourth positions, respectively. On the consumption front, Finnish wind power usage is expected to reach 0.2 exajoules by 2028, up from 0.12 exajoules in 2023. This equates to an 8% compound annual growth rate (CAGR). Since 2004, Finland's wind power demand has surged by 16.1% annually. In 2023, Finland ranked 13th globally in wind power consumption, with Belgium overtaking it at 0.12 exajoules. The United Kingdom, Spain, and France again lead the rankings, holding the second, third, and fourth positions, respectively.
