Forecast: Renewables and Biofuels Energy Supply in Finland

The data on Finland's renewables and biofuels energy supply from 2013 to 2023 shows a general upward trend, with significant yearly variations. In 2023, the energy supply stood at 587.1 Thousand Terajoules. Key milestones include a notable increase in 2021 by 14.13% and a decrease in 2020 by 1.62%. The average variation per year over the last five years (CAGR) has been 3.07%. Looking forward, from 2024 to 2028, the forecasted average annual growth rate is expected to be 2.33%, culminating in a 12.23% growth over this period.

Future trends to watch for include advancements in renewable technologies, government policies supporting sustainable energy, and potential fluctuations in global energy markets. Continued investments in renewable infrastructure and innovations in biofuel production will be key drivers of this sector’s growth. Monitoring these factors will be critical for understanding and anticipating shifts in Finland's energy landscape.