The share of renewable and nuclear energy use in Angola has shown a consistent upward trend from 2013 to 2023. Starting at 2.55 units in 2013, it incrementally rose to 3.2 units by 2023. This steady increase is reflected in the year-on-year variations, which decreased from 26.21% in 2013 to 2.15% in 2023, indicating a stabilization in growth rates. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.35%, showing moderate but consistent growth.
Forecast data from 2024 to 2028 suggests continued growth, with the value expected to reach 3.52 units by 2028. Although the growth rate is predicted to slow down, the forecasted 5-year CAGR of 1.49% and overall growth rate of 7.7% indicate sustained, albeit slower, expansion in renewable and nuclear energy share.
Future trends to watch for:
- Technological advancements in renewable and nuclear energy that could drive efficiency and reduce costs.
- Government policies and incentives aimed at promoting clean energy.
- Global energy market shifts due to geopolitical dynamics and climate change initiatives.
- Investment in infrastructure to support energy transition and integration.
