In 2023, Italy's renewables and biofuels gross available energy was at a lower level compared to the forecasted values from 2024 onwards. Starting in 2024, the sector is expected to grow steadily, with an annual increase of approximately 1.9% from 2024 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period reflects a positive trend catalyzed by policy shifts prioritizing green energy and ongoing investments in the sector.
Future trends to watch for:
- Technological advancements in biofuel production.
- Potential policy changes impacting renewable energy incentives.
- Investment and development in photovoltaic and wind power.
