Forecast: Share of Renewable Electricity Generation in Kenya

Analysis of the share of renewable electricity generation in Kenya from 2013 to 2023 shows a steady increase, reaching 94.57% in 2023. The CAGR over the last five years is 1.29%. Year-on-year variations have shown a consistent upward trend, with minor fluctuations, indicating the nation’s sustainable focus on increasing renewable energy share.

From 2024 onwards, forecasted data suggests continued growth, albeit at a slower pace, with a forecasted five-year CAGR of 0.86% and an overall forecasted growth rate of 4.4% by 2028. This indicates a sustained commitment to the renewable energy transition, although the rate of increase is expected to taper off.

Future trends to watch for include further technological advancements in renewable energy, policy changes, and innovation in energy storage solutions, which could significantly impact the pace of growth in this sector.

In conclusion, Kenya is making commendable progress in increasing its renewable energy output, with a forecasted stable but slower growth rate in the coming years.