Even by the standards of the fast-moving wind industry, the pace of change this year has been breathless, as companies struggled with the effects of inflation and demanded that regulators reflect these new economic realities in tenders – with some success.
The industry and its professional bodies called on policymakers worldwide to help create the market conditions in which wind power can thrive, and there were signs of tentative green shoots for most of the western turbine firms as they began to head towards profitability.
Meanwhile, it was all change at the top with senior appointments and departures across key companies.
Senior hires and departures
Major turbine firms and developers, including Vestas, Siemens Gamesa and Ørsted, all saw changes to the line-up of their senior teams in 2023.
The year for turbine firms and developers
Wind turbine makers and developers faced headwinds from supply chain disruption and inflated costs – including for raw materials and transport – in 2023, with these challenges commonly blamed for ongoing quarterly losses.
The year in auctions
The year saw a range of successful wind energy auctions and the opening of new markets but it was also beset by widespread issues, including inflation and supply chain bottlenecks that damaged the success of several large offshore wind auctions.
The year in global wind power policy
Building inflation-protection measures into tenders, speeding up permitting and unblocking grid-connection queues were common issues faced by global wind policymakers while in Europe, there were concerns about China’s seemingly unstoppable market dominance and its implications for the wider market.