The production of renewables and biofuels in Finland exhibited consistent growth from 2013 through 2023, with the value standing at 147.75 Thousand Gigawatthours in 2023. Throughout this time, the sector experienced notable year-on-year variation peaking at 14.7% in 2021 and encountering declines such as the -2.39% in 2020. The last five years registered an average annual growth rate (CAGR) of 1.55%. From 2024 to 2028, production is projected to maintain a steady upward trajectory with a forecasted average annual growth rate (CAGR) of 1.07%.
Future trends to watch for include:
- Technological advancements in renewable energy production.
- Government policies and incentives promoting green energy initiatives.
- Market demand and investment in sustainability efforts.
- Impact of international climate agreements on national energy policies.
