Forecast: Renewable Energy Consumption in Kenya

From 2013 to 2017, Kenya's renewable energy consumption showed a steady decline, with an average yearly drop of up to -3.16% in 2015, and a CAGR of -1.92% by 2017. This trend reversed post-2017, as seen with an increase of 1.51% in 2020, resulting in a positive CAGR of 0.4% by 2021. However, 2022 and 2023 experienced minimal variation, stabilizing the consumption level.

In 2023, the renewable energy consumption stood at 72.51 units. Forecasts from 2024 to 2028 suggest minimal yearly growth, with a 5-year CAGR of approximately 0%, indicating stability rather than significant growth or decline.

Future trends to watch for:

• Technological advancements that may significantly boost renewable energy capacity and efficiency.
• Government policies and international collaborations focused on renewable energy development.
• Market dynamics, such as demand fluctuation and investment trends in the renewable energy sector.