The renewables and biofuels production in Finland has shown a consistent upward trend with some variability over the years. Standing at 147.75 Thousand Gigawatthours in 2023, the year-on-year change was a 1.45% increase. Previous years saw fluctuations, such as a significant 14.7% uptick in 2021 followed by a -5.02% decline in 2022. The five-year CAGR indicates a modest growth rate of 1.55% from 2018 to 2023.
Forecasts suggest continued growth, reaching 158.02 Thousand Gigawatthours by 2028, with a five-year CAGR projected at 1.07%. The total forecasted growth rate over the next five years is 5.46%.
Future trends to watch for:
- Technological advancements in renewables and biofuels.
- Policy changes and government incentives.
- Market adoption rates of green energy solutions.
- Global energy demand and price fluctuations.
