The forecast for renewable electricity production in Norway shows stability from 2024 to 2028 with minor annual declines. Starting at 99.04% of total electricity production in 2024, the values slightly decrease each year to 99% by 2028. This shows negligible fluctuation, indicating a stable but slightly downtrend in the share of renewable electricity over the forecast period.
As of 2023, renewable electricity constituted 99.04% of total electricity production, depicting no variation from the forecasted data for 2024. This stability highlights Norway's strong commitment to renewable energy sources, although there's a slight year-on-year decrease each subsequent year.
Future Trends to Watch For:
- Policies and investments in emerging renewable technologies may influence future growth.
- Implementation of efficiency improvements in existing renewable infrastructure.
- Potential external factors such as energy demand shifts, global energy prices, and technological innovations.
- Monitoring impact of international climate agreements on Norway’s renewable energy policies.
