Forecast: Total Renewable Energy in Malaysia

The total renewable energy supply in Malaysia has shown a significant increase over the past decade, progressing from 1.98 in 2013 to 3.77 in 2023. Observing year-on-year variations, there's been a general upward trajectory with occasional slower gains such as a slight dip in 2018 and modest increases in recent years. Notably, the growth rates were particularly strong between 2015 and 2017, with the CAGR peaking at 12.35% in 2017. However, growth rates have slowed recently, with the CAGR for 2023 reflecting a milder increase of 2.01%.

For the future, the renewable energy supply in Malaysia is forecasted to continue growing, albeit at a more modest pace. The forecasted CAGR from 2024 to 2028 is 1.33%, indicating a steady and sustainable growth trajectory with a total increase of 6.85% over the five-year period. Future trends to watch include the potential impact of new policies, technological advancements, and increased investments in renewable energy infrastructure. Monitoring these factors will be crucial for sustaining and potentially accelerating the growth in this sector.