The forecast data for wind power gross electricity production in Austria indicates a slight decline from 2024 to 2028. Starting at 569.04 Thousand Tonnes Of Oil Equivalent (ktoe) in 2024, we see a year-on-year decrease, falling to 553.79 ktoe by 2028. This represents an average annual decrease (CAGR) of approximately 0.7% over the forecast period.
Key Observations:
- There is a consistent downward trend from 2024 to 2028.
- Year-on-year declines range between 0.7% and 0.8%.
- The production in 2023 stood at approximately 573.00 ktoe, indicating a continuation of the decline starting from that year.
Future Trends to Watch For:
- Potential advancements in wind power technology which may reverse the declining trend.
- Changes in government policy or subsidies that could impact the growth or decline rate.
- Fluctuations in other energy markets that might affect the focus on wind power investments.