Forecast: Total Renewable Energy in the US

In 2023, renewable energy in the US reached 188.00 million tonnes of oil equivalent. The forecasted figures illustrate a steady increase, with an average annual growth of roughly 1.73% from 2024 through 2028. Specifically, from 2024 to 2025, the growth is anticipated at 1.79%. The following years show a similar trend: 2025 to 2026 at 1.73%, 2026 to 2027 growing by 1.66%, and 2027 to 2028 at 1.60%. The compound annual growth rate (CAGR) over the five years 2024-2028 is projected to be modest, reflecting consistent but moderate expansion in the renewable energy sector.

Future trends to monitor include the potential impact of policy changes, advancements in renewable technologies, and economic factors contributing to increased investment and capacity expansions. Additionally, the alignment of US energy strategies with global sustainability goals may drive further growth in this sector.