Key Market Indicators
Estonia's renewable energy generation is projected to reach approximately 3.3 terawatt-hours by 2028, up from around 2.7 terawatt-hours in 2023. This growth reflects an average annual increase of 3.4%. Since the turn of the century, Estonia has experienced a yearly increase of 7% in its renewable energy supply. In 2023, the nation ranked 27th globally in renewable energy generation, with Lithuania surpassing it with a similar 2.7 terawatt-hours output. On the international stage, the United Kingdom, Spain, and France held the second, third, and fourth positions respectively in renewable energy generation rankings for the same year.
