Forecast: Renewable Power Generation in North America

In North America, renewable power generation has shown impressive growth over the past decade, reaching 8.7 Exajoules in 2023. From 2013 to 2023, the annual values illustrate a consistent upward trend with a CAGR of 11.19%, marking a robust expansion. From 2021 to 2023, the year-on-year increase was 11.46% and 13.03%, respectively, reflecting strong momentum in recent years.

Looking ahead, the forecast indicates continued growth, with renewable power generation expected to reach 13.11 Exajoules by 2028. The five-year CAGR from 2024 to 2028 is projected at 6.45%, with an overall growth rate of 36.68%. Future trends include advancements in technology, policy support, and investments in renewable infrastructure, which will likely drive further growth in this sector.