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Wind Power by Country in 2023: Top 5

In this article, we will take a look at Wind Power by Country in 2023: Top 5. For a detailed look into countries that are leading the world in wind power generation and capacity, read our article Wind Power by Country in 2023: Top 15.

5. United States

Installed Wind Power Capacity (MW) 2022: 140,862

Share of Wind Power as Total Consumption: 13.1%

Final Score: 9.5

The US Department of Energy has shown that the United States holds one of the top positions when classifying wind power by country in 2023. It is one of the region’s fastest-growing and lowest-cost sources of electricity and is poised for rapid growth. 

According to new reports, wind power accounted for 22% of new electricity capacity installed in the United States in 2022, second only to solar, representing $12 billion in capital investment and employing more than 125,000 Americans.

4. Denmark

Installed Wind Power Capacity (MW) 2022: 7,088

Share of Wind Power as Total Consumption: 55%

Final Score: 9

GlobalData has revealed that wind power accounted for 44% of Denmark’s total installed electricity generation capacity and 50% of total electricity generation in 2021. Meanwhile, installed capacity has been forecasted to consistently rise from 2022 to 2035, at which point wind power is expected to stand at 53% of total installed generation capacity.

3. United Kingdom

Installed Wind Power Capacity (MW) 2022: 28,537

Share of Wind Power as Total Consumption: 25.2%

Final Score: 6.5

In 2023, offshore wind power accounts for around 13% of the United Kingdom’s electricity mix. The country also has around 12.7 gigawatts (GW) of connected offshore wind energy capacity spread across 44 wind farms with over 2,500 turbines. In 2021, the UK installed over 2.3 GW of new offshore wind capacity, which made up 70% of all new offshore wind installations in Europe that year.

2. Spain

Installed Wind Power Capacity (MW) 2022: 29,308

Share of Wind Power as Total Consumption: 32.9%

Final Score: 4

According to the Spanish Wind Energy Association, wind power was the leading source of electricity generation in Spain in 2021, with 28,139 MW of installed capacity and meeting over 23% of electricity demand. Furthermore, over 21,500 wind turbines in the country generated 60,485 gigawatt-hours (GWh) of wind power in 2021, a 10% increase from 2020.

1. Germany

Installed Wind Power Capacity (MW) 2022: 66,315

Share of Wind Power as Total Consumption: 28.8%

Final Score: 4

When classifying wind power by country in 2023, Germany stands at the top due to its high capacity for renewable energy. In the first half of 2023, Germany installed 60% more onshore wind capacity than in the same period in 2022, for a total of 1,565 megawatts (MW). 

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at the 15 Countries that Produce the Most Wind Energy and 11 Best Wind Energy Stocks To Buy.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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