Forecast: Wind Energy Generation in South Korea

South Korea's wind energy generation stood at 3.5 Terawatt-hours in 2023. Over the past decade, wind energy grew from 1.15 TWh in 2013 to 3.5 TWh in 2023, experiencing fluctuations. Specific trends include a 17.6% rise in 2020, a minor 0.95% increase in 2021, and a 5.6% boost in 2022. The most recent year-on-year increase was 4.2% in 2023. Over the last five years, the CAGR averaged 7.26%, down from 18.61% five years prior. Future projections indicate moderate growth, with a forecasted 2.11% CAGR and a total 11% increase by 2028, reaching 4.02 TWh.

Future trends to watch for include policy adaptations, technological advancements, and integration challenges, which will significantly influence South Korea's wind energy landscape.