Between 2013 and 2018, renewable energy consumption in Spain experienced fluctuations, starting at 16.92 units and varying between 15.18 and 17.33 units. The robust growth of 16.01% in 2020 boosted the consumption to 19.35 units. From 2020 to 2023, there was a continuous increase, with a year-on-year growth rate of 3.29% in 2023, resulting in 21.04 units consumption by 2023.
Looking forward, the forecasted data from 2024 onward suggests a stable upward trend with an annual growth rate of approximately 1.15%, leading to an expected consumption of 22.85 units by 2028. This growth indicates a moderate but steady increase in renewable energy consumption.
Future trends to watch for:
- Government policies and incentives impacting renewable energy investment
- Technological advancements in renewable energy sources
- Market demand for renewable energy and its impact on consumption patterns
- Global energy market fluctuations and their influence on Spain's renewable energy sector