A common year starting on Wednesday is any non-leap year (i.e. a year with 365 days) that begins on Wednesday, 1 January, and ends on Wednesday, 31 December. Its dominical letter hence is E. The most recent year of such kind was 2014 and the next one will be 2025 in the Gregorian calendar or, likewise, 2015 and 2026 in the obsolete Julian calendar, see below for more.
In the (currently used) Gregorian calendar, the 15 types of years repeat in a 400-year cycle (20871 weeks). Forty-three common years per cycle or exactly 10.75% start on a Wednesday. The 28-year sub-cycle does only span across century years divisible by 400, e.g. 1600, 2000, and 2400.
In the now-obsolete Julian calendar, the 15 types of years repeat in a 28-year cycle (1461 weeks). Each leap-year dominical letter occurs exactly once and every common letter thrice.
The final two digits of Julian years repeat after 700 years, i.e. 25 cycles. When starting to count in 2001 for instance, every 3rd, 14th and 25th year of these Julian cycles is a common year that starts on a Wednesday, i.e. ca. 10.71 % of all years. They are always 6 or 11 years apart.