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Global wind group sees potential for major expansion in developing nations

March 14, 2023

Argentina, Colombia, Egypt, Indonesia and Morocco could add 3500MW of wind energy capacity in the next five years, according to a new Global Wind Energy Council (GWEC) report. 

The five developing countries could generate an extra US$12.5bn for their economies and create 130,000 FTE work-years, GWEC said. 

"Capturing economic opportunities from wind power in developing economies", produced in collaboration with BVG Associates, focuses on the five countries with significant untapped wind energy resource that could unlock rapid economic growth under green recovery measures.

This report demonstrates the impact accelerated deployment of wind projects can have and provides an insight into how countries can tackle common barriers of clear policy, transmission and grids and permitting frameworks to deliver real action, GWEC argued. 

Ben Backwell, GWEC chief executive (pictured) said: "The energy transition is an opportunity for countries in every region in the world to rebuild and grow their economies on a foundation of clean energy, green jobs and secure power.

"This report sets out how making clear policy commitments, developing infrastructure and streamlining permitting rules will unlock renewable potential and large amounts of investment in these five countries.

"Pro-active policy-making and working in coordination with the industry and investors can deliver accelerated deployment of wind and renewable energy, which means new jobs, new high tech manufacturing, and accelerated growth for developing economies.

[Staff Report]

More: Five developing countries 'could add 3.5GW of wind energy'

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