The electricity supply in Finland was 22.06 thousand GWh in 2023. Historically, there have been fluctuations; significant drops in 2020 were followed by stable growth, leading to a 9.09% increase in 2023. The last two years showed strong positive growth, highlighting resilience and a returning demand trajectory post-2020. The compound annual growth rate (CAGR) for the last five years stood at 2.05%, reflecting positive momentum despite previous volatility.
Looking forward, the forecast indicates a steady rise, leading to a projected supply of 25.89 thousand GWh by 2028. The expected five-year CAGR is 2.54%, with an overall growth of 13.36% from 2023 to 2028.
Future trends to watch for include:
- Increased investments in renewable energy sources, possibly altering traditional supply patterns.- Technological advancements in energy efficiency and storage capabilities.- Policy changes and regulations aimed at sustainability and carbon neutrality.
