In Italy, the transformation output of renewables and biofuels is forecasted to grow from 1.53 million tonnes of oil equivalent in 2024 to 1.66 million tonnes by 2028, a significant perspective since the value was 1.47 in 2023. The projected year-on-year growth rates show a steady increase: 2025 at approximately 1.96%, 2026 at 2.56%, 2027 at 1.88%, and 2028 aligns at 1.84%, averaging at a five-year CAGR of 2.0%.
Future trends to watch for:
- Increased governmental support and subsidies.
- Technological advancements in renewable energy production.
- Potential market shifts due to evolving environmental regulations.
