Key Market Indicators
Belgium's renewable energy generation is projected to witness a significant surge over the next five years. By 2028, the nation's renewable output is expected to hit approximately 52 terawatt-hours, a notable increase from the roughly 34 terawatt-hours recorded in 2023. This growth corresponds to a compound annual growth rate (CAGR) of 6.7%. Since 1978, Belgium's renewable energy supply has demonstrated a robust year-on-year growth rate of 15.3%. In the context of 2023, Belgium secured the 8th position globally in renewable energy production, with Sweden leading the pack at 34 terawatt-hours. Other European nations also emerged as strong contenders in the renewable energy sector. The United Kingdom, Spain, and France were ranked 2nd, 3rd, and 4th, respectively, showcasing the continent's commitment to sustainable energy solutions.
