The renewable and biofuels energy supply in Sweden is forecasted to grow steadily over the coming years. The actual supply in 2023 stood at 285.48 Thousand Gigawatthours. From 2024, the forecasted values are as follows: 291.31 in 2024, 297.31 in 2025, 303.26 in 2026, 309.14 in 2027, and 314.97 in 2028. This represents a year-on-year growth rate of approximately 2-3%.
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is expected to be around 2.01%.
Future trends to watch for:
- Technological advancements in renewable energy production, especially in wind and solar power.
- Government policy changes and incentives promoting green energy.
- Increasing investment in infrastructure for biofuel production and usage.
- Public and private sector initiatives aimed at reducing carbon emissions and combatting climate change.