Wind power production in Finland has exhibited strong growth from 2013 to 2023, with a remarkable rise from 773.69 GWh in 2013 to 10,660 GWh in 2023. Over the years, this growth has varied significantly, showing high year-on-year percentages especially in the early years, for instance, 110.21% in 2015. The five-year compound annual growth rate (CAGR) also shows a decelerating trend, reducing from 40.33% in 2019 to 12.8% in 2023. This indicates slowing yet sustained growth as the market matures.
Future trends to watch for include:
- Efficiency improvements in wind technology that may lead to higher production rates.
- Government policies and investment towards renewable energy infrastructure.
- Potential market saturation which might further decelerate growth rates.
- Environmental factors impacting wind patterns and consequently production volumes.
With a forecasted CAGR of 5.69% from 2024 to 2028, Finland's wind power sector is expected to continue growing steadily, reaching 15,320 GWh by 2028.
