In 2023, Finland's wind power energy supply stood at 10,660 GWh, marking a year-on-year increase of 9.88%. Over the past two years, the growth rates were 9.88% and 14.06%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years was 12.8%. For the period from 2013 to 2023, the CAGR was impressive, reflecting increased investment and adoption of wind power energy during these years.
Future forecasts from 2024 to 2028 show continued growth, albeit at a moderating pace. The forecasted CAGR for the next five years is 5.69%, with total growth over the period expected to be 31.91%. This suggests a more stabilized and mature phase for wind power energy development in Finland.
Future trends to watch for include advancements in wind turbine technology, government policy changes, and investments in the energy grid infrastructure to support the increased supply. Additionally, the integration of wind power with other renewable energy sources and smart grid solutions will be crucial for sustainable growth.
