South Korea's total renewable energy supply has witnessed a consistent upward trajectory from 2013 to 2023. The actual data from 2013 to 2023 shows significant growth, starting at 1.01 units in 2013 and reaching 2.55 units in 2023. The most substantial year-on-year increase occurred in 2014 with a 45.72% rise, while the average annual growth rate (CAGR) over the last five years is 5.54%. The forecast from 2024 to 2028 anticipates a continued but slower growth trend, with a forecasted 5-year CAGR of 1.24% and an overall growth rate of 6.37% by 2028.

Future trends to watch for:

Technological advancements that could drive efficiency and lower costs in renewable energy production.
Government policies and incentives aimed at boosting renewable energy adoption and investment.
Emerging partnerships and collaborations between public and private sectors to enhance infrastructure.
Global energy market fluctuations and their impact on renewable energy competitiveness.