In 2023, renewables and biofuels gross inland consumption in Italy stood at 31.26 million tonnes of oil equivalent. Forecasts indicate a steady growth from 2024 to 2028, reaching 34.35 million tonnes. The expected year-on-year growth from 2024 to 2025 is approximately 2.0%, followed by 1.9% from 2025 to 2026, 1.9% from 2026 to 2027, and 1.8% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is about 1.9%.
Future trends to watch for:
- Technological advancements in renewable energy conversion and storage.
- Policy changes and government incentives to further boost the adoption of renewables.
- Impact of global energy market fluctuations on local renewable investments.
- Continued evolution in consumer demand for sustainable energy sources.