Forecast: Total Renewable Energy in Angola

In 2023, Angola's total renewable energy stood at a value of 47.49 Units of Total Primary Energy Supply, marking a slight decline from the previous year. Over the last two years, the year-on-year variation has shown a consistent decrease, though marginally: -0.84% in 2022 and -0.83% in 2023. Analyzing the longer-term trend, the Compound Annual Growth Rate (CAGR) from 2018 to 2023 was mildly negative at -0.2%. This suggests a period of stability with slight declines. Forecasts from 2024 to 2028 indicate a continued, albeit gradual, downturn with a forecasted 5-year CAGR of -0.71%, equating to a 3.48% overall decrease over this period.

Future trends to watch for include potential governmental policies aiming to bolster renewable energy investments, advancements in technology that could improve efficiency, and global market shifts that may influence Angola's renewable energy sector. Keeping an eye on international collaborations and funding opportunities could also play a pivotal role in altering the current trajectory.