In 2023, wind power production in Italy stood at 22.0 thousand gigawatthours. The forecasted data for 2024 reveals a production of 22.7 thousand gigawatthours, indicating an increase. This upward trend continues through to 2028, with production expected to reach 25.54 thousand gigawatthours.
Year-on-year percentage variations for the forecasted period are as follows:
- From 2024 to 2025: approximately +3.18%
- From 2025 to 2026: approximately +3.03%
- From 2026 to 2027: approximately +2.94%
- From 2027 to 2028: approximately +2.82%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is around +3.0%.
Future Trends to Watch For:
- Improvements in wind turbine technology that enhance efficiency and capacity.
- Policy changes or governmental incentives aiming to support renewable energy expansion.
- Integration of advanced grid management solutions to better handle the variability of wind power.
- Increased investment in offshore wind farms which typically have higher capacity factors.
- Potential environmental and regulatory challenges that could impact project timelines and approvals.