The wind power gross inland consumption in Finland stood at 0.92 Million Tonnes of Oil Equivalent (MTOE) in 2023. Starting from this base, the forecasted data from 2024 to 2028 shows a consistent upward trend. The year-on-year variation indicates an average growth of around 8-9% annually. Specifically, from 2023 to 2024, there is an approximate 8.7% increase, which continues in a similar pattern over the next few years, culminating in an estimated 1.33 MTOE by 2028.
Key points:
- 2023 baseline: 0.92 MTOE
- 2024 forecast: 1.0 MTOE (8.7% increase from 2023)
- 2025 forecast: 1.09 MTOE (9% increase from 2024)
- 2026 forecast: 1.17 MTOE (7.3% increase from 2025)
- 2027 forecast: 1.25 MTOE (6.8% increase from 2026)
- 2028 forecast: 1.33 MTOE (6.4% increase from 2027)
Over the five-year period, the Compound Annual Growth Rate (CAGR) is approximately 8%.
Future trends to watch for:
- Technological advancements in wind energy, which can improve efficiency and capacity.
- Government policies promoting renewable energy sources.
- Investment and infrastructure development in wind power projects.
- Market demand shifts and potential economic factors influencing energy consumption.
