Forecast: Renewable Energy Supply (Excluding Solid Biofuels) in Angola

In Angola, the renewable energy supply, excluding solid biofuels, has shown a significant upward trend over the past decade. In 2023, the supply reached 11.07 units of Total Primary Energy Supply. From a year-on-year perspective, recent growth continues steadily with an 11.26% increase from 2022. The Compound Annual Growth Rate (CAGR) over the past five years has stabilized at 15.23%, signaling robust growth in the renewable energy sector.

Looking forward, forecasts suggest a continued increase in the renewable energy supply, with a projected CAGR of 6.38% from 2024 to 2028. This forecasted period is expected to see a total growth rate of 36.26% by 2028, indicating promising expansion potential.

• Continued focus on policy support and investment in renewable infrastructure.
• Technological advancements in renewable energy production.
• Stable market and economic conditions to facilitate sustained growth.