Forecast: Wind Energy Consumption in Italy

The wind energy consumption in Italy has shown a fluctuating trend from 2013 to 2023. In 2023, the wind energy consumption stood at 0.20 Exajoules. The year-on-year variation has displayed significant changes, with periods (2016, 2017, and 2019) of notable increase contrasted by years of decline or stagnation (2015, 2020, and 2022). The recent years reflect moderate growth with the 2023 consumption exhibiting a 3.09% increase year-on-year. Over the last five years, the compound annual growth rate (CAGR) stands at 3.43%, reflecting a modest upward trend.

Looking ahead, the forecasted data for 2024-2028 suggests a steady but slow growth in wind energy consumption, projecting an average annual growth rate of 1.16%, accumulating to a forecasted growth rate of 5.91% by 2028. Future trends to watch for include advancements in wind turbine technology, government policies favoring renewable energy, and Italy’s adherence to European Union renewable energy targets, which could further influence consumption patterns.