The renewable power generation in Sweden has experienced notable growth over the past decade. Standing at 0.23 Exajoules (EJ) in 2013, it reached 0.52 EJ in 2023, reflecting a consistent upward trend. Notably, the year-on-year variation highlights specific periods of significant growth, such as 2015 (21.46%), 2020 (15.7%), and 2022 (15.24%). Despite some minor fluctuations, the Compound Annual Growth Rate (CAGR) over the past five years was 11.62%, pointing towards robust development in recent years. From 2024 onwards, the projected CAGR is 5.81%, with an expected growth rate of 32.62% by 2028, indicating sustained, albeit more moderate growth.
Going forward, key trends to watch include advancements in renewable technology and government policies promoting green energy. There may also be shifts in energy demand and supply dynamics, influenced by innovations and climate change initiatives, further shaping the landscape of Sweden's renewable power sector.