The UK's wind power production has shown significant growth from 2013 to 2023, with the actual value reaching 77.32 Thousand Gigawatthours in 2023. The year-on-year variation between 2022 and 2023 was 4.87%. The compound annual growth rate (CAGR) for the last five years stands at 6.32%, reflecting a steady upward trend despite minor fluctuations such as the decline in 2016 and 2020.
Observing the forecast data from 2024 to 2028, the expected CAGR is 3.4%, with an overall growth rate of 18.19% over the next five years, indicating a moderate but consistent increase in wind power production.
Future trends to watch for include:
- Technological advancements in turbine efficiency
- Government policies and subsidies aiming at renewable energy
- Investments in offshore wind farms
- Potential economic and environmental impacts on renewable energy initiatives