The wind power energy supply in Norway is set to increase steadily based on the forecasted data from 2024 to 2028. In 2023, the actual supply stood at approximately 18.22 thousand gigawatthours. From 2023 to 2024, there is an immediate jump by around 9.9%, followed by an increase of about 13.1% from 2024 to 2025. The subsequent years build upon this with steady year-on-year growth percentages: 11.5% from 2025 to 2026, 10.2% from 2026 to 2027, and 9.2% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is expected to be about 10.8%, illustrating robust growth potential.
Future trends to watch for include advancements in wind turbine technology, governmental policy shifts favoring renewable energy, and the potential impacts of grid infrastructure improvements. These factors will be pivotal in sustaining and potentially accelerating the growth of wind energy supply in Norway.
