In 2023, the onshore wind power electricity production capacity in Spain stood at 30.41 thousand megawatts. The data from 2013 to 2023 depicts a steady upward trend in installed capacities. Between 2013 and 2018, the capacity increased moderately from 22.96 to 23.41 thousand megawatts, reflecting slow growth rates with year-on-year variations ranging from -0.14% to 1.21%. A significant acceleration is noticeable from 2019 onwards, culminating in a strong year-on-year growth of 4.13% in 2023. The compound annual growth rate (CAGR) for the past five years leading up to 2023 is 5.38%, underscoring a more pronounced growth trajectory.
Future trends indicate a continued expansion of onshore wind power capacity, with forecasts predicting a rise to 36.27 thousand megawatts by 2028. The forecasted CAGR for the next five years is 2.79%, which, while lower than the recent historical growth, signifies sustained development. The industry should monitor advancements in turbine technology, grid integration challenges, and regulatory changes to better capitalize on this growth.
