In 2023, Italy's renewables and biofuels transformation output stood at 1.50 Million Tonnes of Oil Equivalent. The forecasted growth from 2024 to 2028 indicates a gradual increase, with the value reaching 1.66 Million Tonnes of Oil Equivalent by 2028. Year-on-year variations show a steady annual growth of around 1.9% to 2.0%. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is estimated at approximately 2.05%.
Future trends to watch for include technological advancements in renewable energy, policy shifts impacting green energy investments, and potential fluctuations in global energy prices that could influence Italy’s biofuel production and consumption.
