From 2013 to 2023, the share of renewable energy sources in Spain increased from 15.08 to 21.55 units, marking a steady upward trend. The most notable growth occurred between 2019 and 2020, with a year-on-year increase of 18.9%. However, the growth rate stabilized, with a slight dip in 2021 and a recovery in 2022. By 2023, the share stood at 21.55 units.
Year-on-year growth for 2022-2023 was 3.01%, while 2021-2022 saw a modest rise of 0.92%. The five-year CAGR from 2024 to 2028 is forecasted at 2.04%, with a cumulative growth rate of 10.65% over this period.
Future trends to watch for include technological advancements in renewable energy, policy changes incentivizing green energy, and shifts in consumer demand towards sustainable sources, all of which could impact the growth trajectory positively.
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