The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry’s trade association.

The latest Global Wind Report, published Tuesday by the Global Wind Energy Council, explores the state of the global wind industry and the challenges it’s facing in its expansion.

The increase in wind installations “shows that the world is moving in the right direction in combating climate change,” the report said.

But the authors warned that the wind industry must increase its annual growth to at least 320 gigawatts by 2030 in order to meet the COP28 pledge to triple the world’s installed renewable energy generation capacity by 2030, as well as to meet the Paris Agreement’s ambition of capping global warming to 1.5 degrees Celsius (2.7 Fahrenheit).