Key Market Indicators
Icelander Renewable Generation is projected to remain steady at approximately 6 Terawatt-hours by 2028, maintaining the same production level as in 2023. This indicates a zero percent average annual growth rate over the five-year period. Historically, since 1974, Iceland's renewable energy supply has seen a slight annual decrease of 0.1%. In the global rankings for 2023, Iceland stood at 23rd place with its renewable energy generation. Bulgaria, with a similar output of nearly 6 Terawatt-hours, edged ahead of Iceland. The top three positions were held by the United Kingdom, Spain, and France, respectively.
