Forecast: Wind Energy Generation in Australia

By 2023, Australia's wind energy generation reached 36.13 Terawatthours, continuing its steady growth trend from 9.26 Terawatthours in 2013. Over the past decade, year-on-year growth fluctuated, peaking at 23.09% in 2018 and showing a slight deceleration to 14.16% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was robust at 17.31%, showcasing sustained momentum in the sector.

Future trends to watch for:

• The forecasted 5-year CAGR at 7.7% from 2024 to 2028 indicates continued expansion but at a more moderate pace compared to the previous decade.
• By 2028, wind energy generation is expected to reach 59.08 Terawatthours, a 44.92% growth from 2023 levels.
• Technology advancements, policy changes, investment in infrastructure, and integration with other renewable sources will be key drivers.