Forecast: Renewable Energy Supply in Spain

The renewable energy supply in Spain showed fluctuations over the past decade, starting at 15.1 units in 2013 and reaching 15.9 units in 2023. The actual data indicates a general upward trend with occasional declines, particularly in 2015 and 2017. In the last two years, the year-on-year variation was 1.96% in 2022 and 1.92% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years fluctuated, standing at 1.72% in 2023. Forecasts predict a steady increase in renewable energy supply, expected to reach 17.3 units by 2028, with a CAGR of 1.32% over the next five-year period.

Future trends to watch for include:

• The continued gradual increase in renewable energy supply, highlighting sustained investment and development in this sector.
• Potential impacts of government policies and technological advancements aimed at boosting the adoption of renewable energy sources.
• Monitoring of external factors such as economic conditions and international energy market trends that could influence growth rates.