Finland's wind power gross inland consumption has been on a robust upward trajectory since 2013. As of 2023, the consumption stands at 10,650 GWh, reflecting a year-on-year increase of 9.83%. The last two years observed a growth rate stabilizing around this figure. Over a five-year period, the compound annual growth rate (CAGR) is 12.77%, indicating a consistent expansion in wind power consumption.
Looking forward, the forecasted data from 2024 to 2028 suggests a moderation in growth. The five-year forecasted CAGR stands at 5.67%, with an overall growth rate of 31.76% predicted by 2028. This indicates a deceleration compared to past growth rates but still points to a strong underlying momentum in increasing consumption.
Future trends to watch for:
- Technological advancements in wind power generation enhancing efficiency and capacity.
- Government policy shifts and support measures for renewable energy.
- Market investments in wind power infrastructure and grid integration improvements.
- Environmental and societal push towards sustainable energy sources.
