Norway's share of renewable energy sources in electricity stood at approximately 113% in 2023. The forecasted data for the upcoming years show a gradual increase:
- 2024: 114.5
- 2025: 115.3
- 2026: 116.1
- 2027: 116.89
- 2028: 117.68
The year-on-year percentage variations show an incremental gain, with projected increases hovering around 0.7% per year. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 0.82%.
Future trends to watch for include advancements in renewable technology, government policies incentivizing green energy, and potential improvements in energy storage solutions. These factors will likely further enhance the share of renewable energy in Norway's electricity mix.
