The gross electricity production from renewables and biofuels in Sweden has shown a consistent upward trend. In 2023, the production stood at 9.66 million tonnes of oil equivalent (MTOE). Forecasts for the coming years indicate steady growth: 9.88 MTOE in 2024, 10.11 MTOE in 2025, 10.34 MTOE in 2026, 10.56 MTOE in 2027, and 10.78 MTOE in 2028. This represents a year-on-year variation of approximately 2.27% between 2024 and 2025, 2.27% between 2025 and 2026, 2.13% between 2026 and 2027, and 2.08% between 2027 and 2028. The compound annual growth rate (CAGR) over these five years is projected to be around 2.26%.
Future trends to watch for include advancements in renewable energy technologies, potential changes in government policies favoring green energy, and increased investment in biofuel infrastructure. These factors will likely continue to support the upward trend in renewable and biofuels gross electricity production in Sweden.