The wind power energy supply in Malta has seen a consistent yet stagnant trend from 2014 to 2023, maintaining a value of 5.0 units of Tonnes of Oil Equivalent. As of 2023, the wind energy supply still stands at 5.0 units. The year-on-year variation has been nonexistent since 2014, reflecting no growth or decline in this period. The last two years (2022 and 2023) also showed no variation.
Looking at the last five years, the Compound Annual Growth Rate (CAGR) indicates an average growth rate of 0%, signifying a flat trend. However, forecasted data from 2024 to 2028 shows a slight increase, with the value expected to rise to 6.0 units, representing a 20% growth and a 5-year CAGR of 3.71%.
Future trends to watch for:
- Potential technological advancements that boost wind energy efficiency.
- Government policies and regulations promoting renewable energy investment.
- Emerging opportunities for integrating wind energy with other renewable sources.
- Public and private sector partnerships to expand wind power infrastructure.
