The forecasted data for wind power gross electricity production in Norway from 2024 to 2028 suggests a steady year-on-year increase. The production in 2024 stands at 20.03 thousand gigawatthours, which reveals a significant growth trajectory from previous years.
In percentage terms, the increase from 2024 to 2025 is approximately 13.1%, followed by an 11.5% increase from 2025 to 2026, an increase of 10.2% from 2026 to 2027, and finally an increase of 9.2% from 2027 to 2028. This translates to a compound annual growth rate (CAGR) of around 11% over the 5-year period from 2024 to 2028. In 2023, the production was notably lower, highlighting the robust growth anticipated.
Future trends to watch for in the wind power sector include potential technological advancements, shifts in government policies toward renewable energy incentives, and the impact of international energy market fluctuations. These factors could further influence the growth rate and overall production capacity in Norway's wind power sector.