Wind Energy Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Wind Power Market in South Africa is segmented by Location (Onshore and Offshore). The Market Size and Forecasts Are Provided in Terms of Revenue (USD Million) for All the Above Segments.

Wind Energy Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Wind Energy Market Size

South Africa Wind Energy Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 3.00 %
Market Concentration Low

Major Players

South Africa Wind Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Wind Energy Market Analysis

The South Africa Wind Energy Market is expected to register a CAGR of greater than 3% during the forecast period.

COVID-19 negatively impacted the market in 2020. Currently. The market has reached pre-pandemic levels.

  • Over the long term, increasing population, energy crisis, rising power demand, and auctioned wind energy projects will be the market's key drivers in the forecast period. With auctions for multiple projects and ambitious goals to achieve in the future, South Africa is investing significantly in the growth of wind energy.
  • On the other hand, the high initial cost of wind energy installation, the development of new grid networks, and delays in new projects are expected to restrain the market.
  • Nevertheless, Government Initiatives, favorable policies, and upcoming projects are likely to provide opportunities for the wind energy market during the forecast period.

Wind Energy Industry Overview

The South African wind energy market is partially fragmented. Some of the major companies include (in no particular order) Nordex SE, Vestas Wind Systems AS, Electricite de France SA, Siemens Gamesa Renewable Energy SA, Enel SpA, and others.

Wind Energy Market Leaders

  1. Electricite de France SA

  2. Enel S.p.A

  3. Nordex SE

  4. Vestas Wind Systems A/S

  5. Siemens Gamesa Renewable Energy SA

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-South Africa Winnd Energy Market.png
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Wind Energy Market News

  • On April 2022, the Department of Mineral Resources and Energy (DMRE) launched Bid Window 6 to secure 2600 MW of alternative energy. It opened the doors for Independent Power Producers to bid for 1,600 MW of onshore wind capacity. The Bid Window 6 is expected to ramp up power capacity in South Africa and enhance consumer energy supply.
  • On September 2022, Eskom, a public electricity utility, announced the launch of three new programs that would encourage IPPs to add wind capacities and would enable more installations of cumulative Wind Energy in South Africa.

Wind Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, 2020
  • 4.3 Installed Capacity and Forecast in MW, till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Location
    • 5.1.1 Onshore
    • 5.1.2 Offshore

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Vestas Wind Systems AS
    • 6.3.2 Enel SpA
    • 6.3.3 Siemens Gamesa Renewable Energy SA
    • 6.3.4 Electricite de France SA
    • 6.3.5 Nordex SE
    • 6.3.6 Mainstream Renewable Power Ltd
    • 6.3.7 Eskom Holdings SOC Ltd
    • 6.3.8 Hexicon AB
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Wind Energy Industry Segmentation

The wind energy market refers to using wind energy resources for electricity generation. Wind energy is harnessed by wind turbines that channel the power of the wind to produce electricity. A wind turbine consists of three blades: a rotor and a generator. The electricity generated by a wind turbine is fed into the grid for its consumption by an end-user.

The South African wind energy market is segmented by location - (onshore and offshore). The market sizing and forecasts for each segment have been done based on Installed Capacity (in MW) during the forecast period.

Location Onshore
Offshore
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Wind Energy Market Research FAQs

What is the current South Africa Wind Energy Market size?

The South Africa Wind Energy Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in South Africa Wind Energy Market?

Electricite de France SA, Enel S.p.A, Nordex SE, Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy SA are the major companies operating in the South Africa Wind Energy Market.

What years does this South Africa Wind Energy Market cover?

The report covers the South Africa Wind Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the South Africa Wind Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Wind Energy in South Africa Industry Report

Statistics for the 2025 South Africa Wind Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Africa Wind Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.