Renewables and Biofuels Gross Available Energy in Sweden is forecasted to grow steadily from 2024 to 2028. Starting from an actual value of 24.56 Million Tonnes Of Oil Equivalent (Mtoe) in 2023, the forecasted values show a consistent year-on-year increase:
- 2024: 25.05 Mtoe
- 2025: 25.56 Mtoe
- 2026: 26.08 Mtoe
- 2027: 26.58 Mtoe
- 2028: 27.08 Mtoe
The annual percentage variations for the forecasted period are as follows:
- 2023-2024: 2.00%
- 2024-2025: 2.04%
- 2025-2026: 2.03%
- 2026-2027: 1.92%
- 2027-2028: 1.88%
The compound annual growth rate (CAGR) over the 5-year forecasted period is approximately 2.0%.
Future trends to watch for include advancements in renewable energy technologies, government policies promoting sustainable energy, and potential shifts in consumer behavior towards greener energy alternatives. Monitoring these factors will be crucial to understanding and anticipating further growth in Sweden's renewable energy sector.