The renewable energy supply in Sweden has shown overall growth from 2013 to 2023, with a value standing at 40.2 units of Total Primary Energy Supply in 2023. There were fluctuations in year-on-year variations, peaking in 2015 with an increase of 16.99%, while there were also periods of slight decline, such as in 2016 (-11.67%) and 2018 (-3.08%). Over the past five years, the compound annual growth rate (CAGR) has averaged at 1.24%, indicating steady improvement. Moving forward, from 2024 onwards, the renewable energy supply is forecasted to grow at a CAGR of 0.63% over the next five years, resulting in a total growth of 3.2% by 2028.
Future trends to watch for include:
- Advancements in renewable energy technologies and efficiency improvements.
- Government policies and incentives aimed at promoting renewable energy adoption.
- Investments in infrastructure to support the integration and distribution of renewable energy.
- Public and private sector collaboration in research and development to drive innovation.
- Global market trends and their impact on local renewable energy strategies.
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