Forecast: Renewable Energy Supply in Australia

Renewable energy supply in Australia demonstrated consistent growth over the years, with an increase from 6.01 in 2013 to 8.67 in 2023 units of total primary energy supply. The average yearly growth rate (CAGR) from 2018 to 2023 was 4.25%, with a year-on-year rise of 3.46% from 2022 to 2023. Notable spikes were in 2017 with a 6.1% increase and a significant 10.45% rise in 2021. The forecasted data suggests continued growth, reaching 9.9 units by 2028, at an average annual rate of 2.04%.

Future trends to monitor include technological advancements in renewable energy, governmental policies affecting energy production, and their impact on Australia's energy mix. Additionally, increased investments in renewable energy infrastructure will play a key role in shaping the supply dynamics.