Forecast: Wind Energy Consumption in South Africa

The wind energy consumption in South Africa saw substantial growth from 2013 to 2023, increasing from 0 Exajoules in 2013 to 0.099 Exajoules in 2023. This represents a robust rise, with notable year-on-year variations such as a 200% increase in 2015 and significant fluctuations thereafter. The last two years saw an 8.79% and a 10.98% year-on-year increase, respectively. Additionally, the Compound Annual Growth Rate (CAGR) over the past 5 years stood at 10.17%, indicating consistent growth in the sector.

Future trends to watch for in wind energy in South Africa include the forecasted increase to 0.14 Exajoules by 2028. The forecasted 5-year CAGR is 5.07%, and the overall growth rate for the next five years is projected at 28.04%. These trends suggest a steady albeit moderated continuation of the growth seen in the past decade, driven possibly by further investments, technological advancements, and supportive government policies.