The renewable energy supply in Sweden showed significant fluctuations over the last decade, with notable peaks in 2015 and 2020. In 2023, the supply stood at 25.71 Total Primary Energy Supply units, up by 3.92% from the previous year. Over the last two years, the trend stabilized with minor variations. The compound annual growth rate (CAGR) over the past five years was a robust 7%, highlighting a strong upward trajectory in renewable energy supply, despite certain annual dips.
Moving forward, forecasts indicate a steady growth in the renewable energy supply with a projected CAGR of 2.71% over the next five years, culminating in an overall growth rate of 14.32% by 2028. Key trends to monitor include technological advancements, policy changes, and investment levels in renewable energy infrastructure, which will be crucial in maintaining and accelerating this growth trajectory.
