Wind power gross electricity production in Spain shows a fluctuating trend from 2013 to 2023, with a significant recovery in recent years. As of 2023, the production stood at 67.79 thousand GWh. Observing the percentage variations, the biggest increase was seen in 2013 (12.48%), while other years experienced minor declines and growth, especially from 2016 to 2018. The last two years (2022-2023) marked stable growth with 4.63% and 4.41%, respectively. The 5-year CAGR from 2018 to 2023 illustrates a consistent annual growth rate of 5.90%.
Future forecasts indicate a continuous growth trend, projecting an increase to 81.68 thousand GWh by 2028, with a forecasted 5-year CAGR of 2.95% and an overall growth rate of 15.65% during this period.
Future trends to watch for:
- Technological advancements in wind turbine efficiency and grid integration
- Potential policy changes and incentives for renewable energy
- Market demand shifts towards sustainable energy sources
- Geopolitical and economic factors impacting energy supply chains