Global Wind Power Expected to Reach 2 TW by 2030 Led by China, US Faces Setbacks

The global wind power market is poised for historic growth, with capacity expected to add 170 GW in 2025 and reach its second terawatt by 2030, significantly faster than the first terawatt achieved in 2023. China is driving much of this expansion, particularly in onshore wind, with its capacity forecast to double from 2024 levels by 2032, despite challenges faced by other markets such as the US where policy uncertainty and setbacks are slowing growth. Offshore wind projects in the US have faced political obstacles under the Trump administration, including a halt on new leasing and stop-work orders on ongoing projects like the Revolution Wind farm, leading to legal battles from state governments and developers. Southeast Asia has seen progress with the region's largest wind farm in Laos beginning cross-border energy exports to Vietnam under a 25-year agreement, marking a milestone in regional renewable cooperation. Despite policy-driven uncertainties and regional challenges, the wind industry’s unprecedented expansion is expected to continue, underscoring wind power’s crucial role in global decarbonization efforts. Analysts highlight that China's dominance is reshaping the wind energy landscape, even as the US and other markets grapple with regulatory and political hurdles.