Italy's renewable power generation has shown a steady increase from 2013 to 2023, reaching 71.93 Terawatthours (TWh) in 2023. Significant growth was observed in earlier years, with notable year-on-year increases such as 17.65% in 2013. However, growth rates have decelerated over the years, evident in the recent lower year-on-year variations like 0.61% in 2023. The Compound Annual Growth Rate (CAGR) has also reduced from 29.07% in 2013 to 1.85% in 2023, indicating a stabilization phase in recent years.
Future forecasts from 2024 to 2028 indicate a modest growth with a forecasted 5-year CAGR of 0.25%, suggesting a plateau in expansion. By 2028, renewable power generation is expected to reach 73.2 TWh, with an average annual growth rate of 1.27% over the five years.
Future trends to watch for include technological advancements in renewable energy and policy changes that could impact growth rates. Expanded investments in solar and wind infrastructure, along with supportive regulations, could reignite higher growth rates. Additionally, climate change initiatives and international commitments may play pivotal roles in shaping Italy's renewable energy landscape.