The share of renewable energy sources in Sweden's electricity mix has steadily increased from 61.74% in 2013 to 77.37% in 2023. Between 2022 and 2023, the year-on-year growth stood at approximately 2.28%. Over the last two years, the share rose by roughly 1.73%. The Compound Annual Growth Rate (CAGR) over the past five years has been 1.66%, leading to a forecasted share of 85.89% by 2028, marking an 8.6% increase from 2023.
Future trends to watch for include:
- Technological advancements in renewable energy production.
- Government policies and incentives aimed at reducing carbon emissions.
- The impact of global energy market dynamics on Sweden's renewable energy sector.