Forecast: Renewable Energy Supply in Sweden

The renewable energy supply in Sweden has seen various fluctuations over the past decade. In 2023, it stood at 47.14 units of Total Primary Energy Supply. There was a noticeable rise from 2013 to 2015, falling in 2016 and 2018 with significant growth in 2020. The last two years showed moderate growth rates of 2.77% and an average annual CAGR of 5.11% over the last five years. The forecast from 2024 to 2028 depicts a steady growth trajectory with a projected 5-year CAGR of 1.98%, achieving a total increase of 10.31% by 2028.

Future Trends to Watch For:

• Technological advancements in renewable energy will continue shaping growth rates.
• Government policies and regulatory support will be critical for sustained momentum.
• Investment in infrastructure and innovation will drive long-term sustainability.