Forecast: Renewable Energy Consumption in Finland

Renewable energy consumption in Finland has shown a steady increase from 38.52 units in 2013 to 49.19 units in 2023, reflecting a consistent upward trend with minor fluctuations. Notable variations include a peak year-on-year increase of 7.09% in 2014 and a decline of -1.92% in 2016. From 2022 to 2023, the year-on-year increase was 1.4%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.12%, indicating a steady growth trajectory.

Looking ahead, the projected data from 2024 to 2028 forecasts a continued increase in renewable energy consumption, reaching 52.58 units by 2028. The forecasted five-year CAGR is 1.06%, suggesting a slower but still positive growth rate. Key trends to watch for include advancements in renewable energy technologies, government policies supporting green energy, and market-driven factors influencing energy consumption patterns.