Wind energy consumption in Chile has shown substantial growth over the past decade, starting from a modest 0.005 Exajoules in 2013 and reaching 0.1 Exajoules by 2023. The year-on-year variations indicate significant fluctuations, with notable peaks in 2014 and 2017 showing growth rates of 180% and 45.83%, respectively. However, there was also a downturn in 2018 with a -2.86% decrease. The Compound Annual Growth Rate (CAGR) for the last five years leading up to 2023 was 25.06%, reflecting a robust growth trend despite the fluctuations.
In the forecasted data from 2024 to 2028, the wind energy consumption is expected to continue its upward trajectory, reaching 0.19 Exajoules by 2028. The forecasted 5-year CAGR is 8.98%, which is lower than the historical CAGR, indicating a potential slowdown in growth rate. However, the overall forecasted growth rate of 53.72% for the next five years highlights sustained positive momentum.
Future trends to watch for include advancements in wind energy technology, policy changes supporting renewable energy, and potential investments in wind infrastructure. Monitoring global wind energy market trends and local economic conditions will be crucial for accurate future projections.