The share of renewables and biofuels in all energy sectors' final consumption in the UK is expected to grow from 7.23% in 2024 to 8.35% in 2028. This indicates a steady increase in renewable energy adoption, with a forecasted annual increase of around 4.3% in 2025 and 3.7% in 2026. From 2024 to 2028, the compound annual growth rate (CAGR) is projected at approximately 3.7%.
Future trends to watch for include:
- The impact of government policies on accelerating renewable energy infrastructure development.
- Technological advancements that could reduce costs and increase the efficiency of renewable energy sources.
- Potential shifts in consumer demand towards cleaner energy options.