In 2023, renewable power generation in Switzerland stood at a certain level (2023 actuals not provided). The forecasts for the years 2024 to 2028 show a steady increase in renewable power generation, with values gradually rising from 6.29 Terawatt-hours (TWh) in 2024 to 7.88 TWh in 2028.
The year-on-year variations indicate a consistent growth pattern in renewable energy generation:
- 2024 to 2025: 6.37% increase
- 2025 to 2026: 5.98% increase
- 2026 to 2027: 5.64% increase
- 2027 to 2028: 5.21% increase
Over this five-year period, the compound annual growth rate (CAGR) averages around 5.78% per year, reflecting robust expansion in the sector.
Future Trends to Watch For:
- Technological advancements in renewable energy sources, especially in solar and wind power, which could further enhance efficiency and output.
- Government policies and incentives aimed at accelerating the transition to renewable energy.
- Potential investments and innovations in energy storage solutions which could address intermittency issues associated with renewable sources.
- The impact of public and private sector collaborations aimed at sustainable energy infrastructure development.