Forecast: Share of Renewable Energy and Nuclear Energy Use in Kenya

In 2023, the share of renewable energy and nuclear energy use in Kenya stood at 2.46 units. From 2013 through 2023, Kenya experienced varying growth rates, with a significant initial increase followed by more modest year-on-year growth rates. The average annual compound growth rate (CAGR) over the last five years was 1.31%. The trend continues with forecasted data from 2024 to 2028, predicting an average annual growth rate of 0.88%.

Key points:

• 2013: Decline of 3.3%.
• 2014: Surge of 12.98%.
• 2015-2023: Small, consistent increases.
• Last five years average growth rate: 1.31%.
• Forecasted 5-year average growth rate: 0.88%.

While historical data shows fluctuating rates, forecast trends indicate steadier but slower annual increases. Future trends to watch for include advancements in renewable technologies, governmental policies favoring green energy, and potential investments in nuclear energy infrastructure to sustain the growth trajectory.