Analyzing the historical data of gross electricity production from wind power in Germany, there is a noticeable overall upward trend from 189.85 in 2013 to 460.94 in 2023 (expressed in Thousand Terajoules). Despite some fluctuations and a significant drop in 2021 (-13.21% year-on-year), the sector has shown resilience with subsequent recovery in the following years, with a 3.91% increase in 2023. The average annual growth rate (CAGR) over the past five years has been modest at 3.09%, slightly lower than earlier periods, but still positive.
Looking forward, the forecast predicts continued growth, reaching 545.18 by 2028. The forecasted average annual growth rate (CAGR) is 2.66%, marking a steady, albeit slightly slower, rate of increase. The total growth over the five-year forecast period is expected to be 14.02%, indicating a sustained commitment to wind power expansion.
Future trends to watch for: