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

The analysis of Angola's renewable energy supply (excluding solid biofuels) reveals a significant upward trend from 2013 to 2023, with variations in the growth rate across these years. The year-on-year increase for 2023 stood at 4.17%, while the Compound Annual Growth Rate (CAGR) over the previous five-year period averaged 5.38%. Noticeable surges occurred in years like 2017 with a 37.08% YoY increase and 2016 with a 28.46% rise, reflecting periods of substantial expansion in renewable energy initiatives.

Projected data from 2024 to 2028 suggest a continued, albeit slower, growth trajectory with a forecasted five-year CAGR of 2.72%, leading to an estimated 14.36% total growth by 2028. This deceleration indicates a maturation phase in Angola's renewable energy market but maintains a positive growth outlook.

Future trends to watch for:

• Government policies and investment in renewable infrastructure that might reinvigorate higher growth rates.
• Technological advancements and international collaborations that could enhance efficiency and scalability.
• Potential market disruptions, including economic shifts or environmental considerations, impacting growth dynamics.