Based on the provided data, renewable energy supply in the UK is forecasted to increase steadily from 2024 to 2028. In 2023, the supply stood at 15.41% of Total Primary Energy Supply. Year-on-year variations indicate a growth of approximately 5.5% in 2024, 5.5% in 2025, 5.2% in 2026, 4.9% in 2027, and 4.7% in 2028, demonstrating a slight deceleration over the period. The Compound Annual Growth Rate (CAGR) over the five years is expected to be around 5.2%.
Future trends to watch for:
- Advancements in renewable energy technologies, such as wind and solar power.
- Government policies and subsidies that could promote further growth.
- International market dynamics and their impact on renewable energy investments.
- The role of energy storage solutions in stabilizing renewable supply.
- Integration of renewable energy into smart grids and the broader energy system.
