Forecast: Renewable Energy Consumption in Angola

The renewable energy consumption in Angola saw a general upward trend from 2013 to 2023, with the value standing at 64.53 units of final energy consumption in 2023. The initial years from 2013 showed minimal increases with fluctuations, but the jump in 2017 and subsequent steady rises highlight an accelerated adoption of renewable energy sources. Notable year-on-year spikes were in 2017 (14.73%) and 2020 (12.19%), with the last two years showing smaller increments of 2.94% in 2022 and 2.53% in 2023. The CAGR over the last five years (2018-2023) stood at 2.9%, indicating consistent growth.

Future trends to watch for include advancements in renewable energy technology, government policies promoting clean energy, and increased investments in renewable infrastructure. These factors are likely to sustain and potentially accelerate the growth rate in renewable energy consumption in Angola beyond 2028, despite the forecasted 5-year CAGR rate of 1.25% and a growth rate of 6.43% over that period.