The wind power electricity production capacities in the UK have seen significant growth from 11.28 Thousand Megawatts in 2013 to 28.94 Thousand Megawatts in 2023. Year-on-year variations have fluctuated, peaking at a 24.94% increase in 2013 and experiencing a slight decline in 2020. The CAGR has shown a steady reduction from 26.77% in 2013 to 5.86% in 2023. Notable trends over the last two years show a modest growth rate with 2.95% in 2022 and 4.67% in 2023.
Future trends to watch for:
- Forecasted CAGR for the next 5 years is 3.28%, indicating a slower but steady growth rate.
- Total growth over the next five years is expected to be 17.51%, reaching 35.72 Thousand Megawatts by 2028.
- Technological advancements and policy changes may significantly influence future growth rates.