The total renewable energy supply in the UK for 2023 stood at 18.45% of the Total Primary Energy Supply. From 2024 to 2028, the forecast shows a steady increase in renewable energy supply: 19.79%, 21.24%, 22.68%, 24.12%, and 25.55%, respectively. The year-on-year percentage increase for 2024 is 7.24%, for 2025 is 7.33%, for 2026 is 6.79%, for 2027 is 6.33%, and for 2028 is 5.93%. The Compound Annual Growth Rate (CAGR) over this period is approximately 7.12%, indicating a robust upward trend in the adoption of renewable energy.
Future trends to watch for include advances in renewable energy technologies, government policy adjustments favoring green energy, and market shifts towards sustainability that may accelerate growth even more. Additionally, the impact of international climate agreements and economic factors such as energy pricing and investment in renewable infrastructure will be critical determinants of future growth rates.
