In Austria, renewable power generation has been steadily increasing over the past decade. In 2023, the value stood at 15.62 TWh. This marks a consistent upward trend as compared to previous years, highlighting a strong commitment to renewable energy. A detailed year-on-year analysis reveals significant growth in certain years, such as a 15.78% increase in 2017 and a 14.65% rise in 2015. However, fluctuations were also observed with slight declines in 2018 and 2020. Over the last two years, the growth rates have slowed down to 4.3% in 2022 and 4.11% in 2023. The average annual growth rate over the past five years (CAGR) is 4.7%, showing moderate but steady progress.
Looking ahead, forecasted data suggests continued growth, with renewable power generation expected to reach 18.66 TWh by 2028. The forecasted 5-year CAGR is 2.82%, indicating a slower growth rate but an overall 14.93% increase from 2023 to 2028.
Future trends to watch for include advances in renewable technology, government policies encouraging green energy adoption, and investment in sustainable infrastructure. These factors could significantly influence the trajectory of renewable power generation in Austria.