Forecast: Total (Excluding Solid Biofuels) Renewable Energy in Kenya

The data on renewable energy in Kenya, excluding solid biofuels, shows a steady increase from 9.56 units in 2013 to 18.36 units in 2023. The annual growth rate fluctuated over the years, with notable increases in 2014 (65.36%) and 2015 (4.47%) and some declines, such as in 2016 (-9%). The most recent years show moderate year-on-year growth: 3.06% in 2021, 2.91% in 2022, and 2.77% in 2023. The 5-year CAGR as of 2023 stands at 2.07%, indicating consistent but modest growth.

Looking ahead, the forecasted data suggest a continued upward trajectory with an anticipated CAGR of 1.89% over the next five years, reaching 20.7 units by 2028. This indicates an overall growth rate of 9.8% from 2024 to 2028.

Future trends to watch for include advancements in renewable technology, government policies promoting sustainable energy, and investment in infrastructure. Additionally, external factors such as global energy prices and climate change initiatives could significantly influence growth rates.