Global Wind Day: Harnessing the power of wind

Wind energy is one of the fastest-growing sources of renewable energy worldwide. In 2023, the global wind energy market continued its impressive growth trajectory, with a 17% increase in new installations, adding 93 GW of capacity. This brings the total global wind capacity to over 837 GW, highlighting the rapid pace at which the industry is expanding. In 2022, wind accounted for 7.8% of the world's electricity generation.

Notably, the I-RECs issued by GCC for wind energy increased from 9 million in 2019 to an impressive 72 million by 2022. To put the scale of this growth into perspective, 72 million I-RECs are sufficient to meet the energy needs of several major cities and countries. For example, this amount of wind energy could power the entire city of London for almost 2 years. 72 million I-RECs could also supply all the electricity needs of Singapore for over a year, cater to Finland's energy requirements for nearly a year, and sustain Morocco for over 1 and a half years!

As a clean, inexhaustible resource, wind power reduces greenhouse gas emissions, decreases dependence on non-renewable energy sources, and helps mitigate the impacts of climate change. With technological advancements, the efficiency and capacity of wind turbines have significantly improved, making wind energy more accessible and affordable than ever before.

As we celebrate Global Wind Day, it's a reminder of the power of collective action and the possibilities that arise when we harness the forces of nature responsibly.