Forecast: Total Renewable Energy in Argentina

The data indicates that Argentina's total renewable energy supply saw varied growth from 2013 to 2023. In 2023, the renewable energy supply stood at 8.62 in units of Total Primary Energy Supply, reflecting continued but slower growth compared to the peak increases seen earlier in the decade. The year-on-year variations reveal highs such as 10.84% in 2017 and lows like -1.32% in 2016, suggesting the sector has faced both expansions and contractions. The last two years before 2024 displayed subdued annual growth rates, registering at 0.48% for each of 2022 and 2023.

- 2013 to 2023: Mix of positive and negative annual variations.

- The last two years before 2024: Moderate growth at 0.48% each.

- The five-year CAGR to 2023 is 0.94%, showing tempered growth over this period.

From 2024 onward, the forecast predicts a gradual uptick with a five-year CAGR of 0.37%, and the total renewable energy supply is expected to grow to 8.82 units by 2028. This growth forecast is modest, indicating a more measured pace of development in the renewable energy sector.

Future trends to watch for:

- Advances in renewable technologies that could accelerate growth.- Policy shifts or incentives from the government that may spur further investment.- Global energy market fluctuations that might impact local renewable initiatives.