Forecast: Renewable Energy Supply in Italy

The renewable energy supply in Italy has shown a steady upward trend from 2013 to 2023, starting from 17 units of total primary energy supply and reaching 19.9 units by 2023. The year-on-year variation showed fluctuations, with significant positive growth in the initial years, followed by periods of minor declines and recoveries. The CAGR from 2019 to 2023 stood at 2.26%, indicating a stable yet moderate growth rate. The forecasted data from 2024 to 2028 continues this positive trend, projecting the supply to reach 21.8 units by 2028. This period expects a 5-year forecasted CAGR of 1.44%, with a total growth rate of 7.39% from 2024 to 2028.

Future trends to watch for:

• Technological advancements in renewable energy sources boosting efficiency.
• Government policies and incentives promoting renewable energy adoption.
• Investment in infrastructure and grid modernization to accommodate increasing renewable supply.
• Potential external factors such as economic conditions, climate change, and international energy prices influencing the pace of growth.