The share of renewable electricity generation in Austria has shown a consistent upward trajectory from 2013 to 2023, rising from 78.02% to 83.61% of total electricity output. The year-on-year increase has averaged between 0.81% and 4.69%, with a Compound Annual Growth Rate (CAGR) of 0.86% over the past five years. From 2024 onwards, forecasted data suggest a continuous increase in renewable electricity share, reaching 86.76% by 2028, with a forecast 5-year CAGR of 0.59% and a forecast 5-year growth rate of 2.96%.
Key Trends and Insights:
- Consistent year-on-year growth in renewable share, indicating stable progress.
- Recent CAGR shows a moderate yet steadily increasing trend.
- Forecasts indicate continued growth, albeit at a slightly slower annual rate.
For the future, trends to watch include technological advancements in renewable energy, potential policy shifts favoring green energy, and economic factors affecting energy investment and consumption. Monitoring these variables could provide insights into the long-term sustainability and feasibility of Austria's renewable energy targets.
