The historical data on wind onshore power electricity production capacities in Finland shows significant growth. From 2013 to 2023, the capacity has increased from 444.7 MW to 4500 MW. Most remarkable growth phases occurred between 2014 and 2016, with year-on-year increases of over 40% each year. However, growth has slowed in recent years, with 17.03% growth in 2023.
In 2024, the capacity is expected to reach 5150 MW, and by 2028, it is forecasted to hit 7670 MW, indicating a forecast 5-year CAGR of 8.32%. The overall 5-year growth rate from 2023 to 2028 is estimated at 49.12%.
Future Trends to Watch For:
- Advancements in wind turbine technology increasing capacity and efficiency.
- Policy and regulatory changes in Finland promoting renewable energy.
- Investment trends from both public and private sectors in renewable energy infrastructure.