Forecast: Renewable Energy Supply in Austria

The renewable energy supply in Austria has shown a steady but moderate increase over the past decade. In 2023, the supply stood at 31 units of Total Primary Energy Supply. Yearly data from 2013 to 2023 reflects minor fluctuations, with the highest annual decrease of 2.31% in 2015 and the highest increase of 2.04% in 2019. The Compound Annual Growth Rate (CAGR) over the last five years was 1.07%, indicating stable growth.

Looking ahead, forecasts indicate a continual upward trend in renewable energy supply, reaching 32.2 units by 2028. The forecasted five-year CAGR is 0.57%, suggesting a moderate growth rate of approximately 2.88% over the period.

Future trends to watch for include:

• Technological advancements that could accelerate renewable energy production.
• Government policies and subsidies that may further boost renewable energy investments.
• Global energy market dynamics impacting Austria's renewable energy strategy.
• Consumer demand and corporate shifts towards sustainable energy solutions.