Benin's renewable electricity production has demonstrated fluctuations over the 2013-2023 period. After a rise from 0 in 2013-2014 to 1.82 units by 2015 and reaching 3.62 units in 2016, production fell to a low of 0.76 in 2020. By 2023, production rebounded to 1.77 units, an increase of 10.62% from 2022. The Compound Annual Growth Rate (CAGR) for the last five years stands at -8.1%, indicating a decline overall.
Over the forecasting horizon (2024-2028), production is expected to stabilize, inching up from 1.78 units in 2024 to 1.80 units in 2028. The forecast five-year CAGR is projected at 0.22%, suggesting minimal growth and relative stability in output.
Future trends to watch for:
- Advances in renewable energy technology and their adoption in Benin.- Governmental policies and incentives focused on green energy.- Impact of global economic trends on energy investments.- Regional collaborations and shared renewable infrastructure projects.
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