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

In 2023, the share of renewable energy (excluding solid biofuels) in Singapore's total primary energy supply stood at 0.95%. From 2024 to 2028, the forecast values demonstrate a relatively stable trend, maintaining a 0.95% share until 2026, and slightly declining to 0.94% in 2027 and 2028.

- 2024: 0.95% (Forecast)

- 2025: 0.95% (Forecast)

- 2026: 0.95% (Forecast)

- 2027: 0.94% (Forecast)

- 2028: 0.94% (Forecast)

The year-on-year variation from 2024 to 2026 shows no change, indicating a stable share. However, there is a slight annual decline of approximately 1.05% from 2026 to 2028. Over the last two years, the share of renewable energy dropped by approximately 1.05%. The compound annual growth rate (CAGR) over the five-year forecast period highlights a near-stable growth, with minor negative fluctuations towards the end.

For future trends, watch for potential technological advancements in renewable energy sources and government policy changes that could influence the share of renewables. Investments in solar and wind energy infrastructure, as well as innovations in energy storage solutions, may play a significant role in shaping the future energy landscape in Singapore.