Between 2013 and 2023, the renewable energy supply in Finland consistently increased, starting from 29.8 in 2013 and reaching 36.4 in 2023. From 2024 onwards, the forecast predicts continued growth, with values expected to rise to 39 by 2028. The year-on-year variation over the past two years (2022-2023) showed modest growth, around 1.5%-1.7%. The average annual growth rate (CAGR) over the last five years stands at 1.49%. The forecasted CAGR for the next five years is slightly lower at 1.11%, suggesting a slower yet steady increase in renewable energy supply.
Future trends to watch for:
- Technological advancements in renewable energy production.
- Government policies and incentives promoting renewable energy investments.
- Market demand shifts towards greener energy sources.
- Impact of global energy market dynamics and geopolitical factors.
- Innovations in energy storage and grid integration technologies.
