Forecast: Renewable Power Generation in Sweden

Renewable power generation in Sweden has seen a general upward trend from 2013 to 2023, with a notable increase from 21.33 TWh in 2013 to 45.55 TWh in 2023. Particularly, 2023 stood at 45.55 TWh. Over the last two years, there was a year-on-year increase of 7.15% in 2022 and 6.64% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years up to 2023 was 9.51%, highlighting strong growth in this sector.

Looking ahead, forecasted data predicts sustained growth, with figures potentially reaching 59.53 TWh by 2028. The forecasted 5-year CAGR is expected to slightly decrease to 4.24%, indicating a slight slowdown but still robust growth within the sector.

Trends to watch for in the future include:

• Technological advancements in renewable energy sources
• Government policies and incentives for renewable energy adoption
• Investment trends in green energy projects
• Market responses to climate change initiatives and carbon reduction targets