Analyzing the energy supply for renewables and biofuels in Finland, the recorded value in 2023 stood at 163.27 Thousand Gigawatthours. From 2024 to 2028, the forecast indicates a steady increase. In 2024, the supply is expected to be 168.36 Thousand Gigawatthours, rising to 188.95 Thousand Gigawatthours by 2028.
Year-on-year variations show a growth trajectory with a percentage increase in the range of approximately 3.1% to 2.8% annually over the period. Over the last two years, the energy supply has grown markedly, highlighting an upward trend.
The Compound Annual Growth Rate (CAGR) through the forecast period from 2024 to 2028 is approximately 2.9%. This suggests a consistent and stable expansion of the renewables and biofuels energy supply in Finland over the next five years.
Trends to watch for in the future include technological advancements in renewable energy production, government policy shifts fostering greener energy solutions, and economic factors influencing energy demand and supply dynamics. Enhanced sustainability practices and increased investment in renewable infrastructure may also play significant roles in shaping the future landscape of energy supply in Finland.
