Key Market Indicators
Macedonian Renewable Generation is projected to reach approximately 0.24 Terawatt-hours by 2028, marking a slight increase from its current 0.22 Terawatt-hours in 2023. This growth represents a 1% annual compound growth rate (CAGR). The country's renewable energy supply has shown a steady increase since 2016, with an average yearly growth rate of 5%. Despite this progress, Macedonia ranked 34th in global renewable energy generation in 2023. Slovenia narrowly surpassed Macedonia with a generation of about 0.22 Terawatt-hours. In the broader European context, the United Kingdom, Spain, and France secured the 2nd, 3rd, and 4th positions, respectively, in renewable energy generation.
