Austria's renewable and biofuels energy supply is forecasted to grow steadily from 2024 to 2028. Starting at 11.14 million tonnes of oil equivalent in 2024, it is projected to increase to 11.71 million tonnes of oil equivalent by 2028. Compared to 2023, this marks a consistent upward trend in renewable energy supply.
Year-on-year variation shows an annual growth rate of approximately 1.34% from 2024 to 2028. When looking at the compound annual growth rate (CAGR) over the last five years, the renewable and biofuels energy sector in Austria is expected to grow at an average annual rate of around 1.3%.
Future trends to watch for include advancements in renewable technology, government policy changes in support of green energy, and increased investment in biofuels. Monitoring these factors will be crucial for assessing the long-term sustainability and growth of Austria's renewable energy supply.
