The data indicates that from 2013 to 2023, Sweden's renewable electricity production has demonstrated a generally upward trend with some variations. The year-on-year change has fluctuated. Major growth was seen in 2015 (13.31%) and 2020 (16.56%), while declines were apparent in 2016 (-9.64%) and 2018 (-3.59%). The CAGR over the last five years to 2023 is 3.06%, showing a steady increase.
Looking forward, the forecasted data from 2024 to 2028 projects a continued gradual rise in renewable electricity production. The average CAGR over these five years is 1.06%, suggesting moderate growth. By 2028, the total increase from 2023 is expected to be 5.43%.
Future trends to watch for include advancements in renewable technology, potential policy changes towards sustainability, and the impact of global energy prices. These factors could significantly influence the pace and magnitude of growth in Sweden's renewable electricity sector.
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