The production of renewables and biofuels in Finland for 2023 stood at 12.70 Million Tonnes Of Oil Equivalent. Based on the forecasted data, this production is expected to steadily increase year-on-year, reaching 13.59 Million Tonnes Of Oil Equivalent by 2028. The yearly variation from 2024 to 2028 is marginal but positive. The compound annual growth rate (CAGR) over the last five years also indicates a consistent upward trend.
Variation trends:
- 2024: +1.42%
- 2025: +1.40%
- 2026: +1.38%
- 2027: +1.38%
- 2028: +1.34%
The average increase per year over the last five years (CAGR) is approximately 1.38%. This trend signifies a stable but slow growth pattern in Finland's renewables and biofuels production.
Future trends to watch for include technological advancements in renewable energy, government policies supporting green energy initiatives, and market demand shifts that could accelerate or decelerate this growth. Additionally, monitoring global energy price trends will be essential to understand their impact on the renewable energy sector in Finland.
