Forecast: Renewable Energy Supply in Denmark

Renewable energy supply in Denmark has shown a consistent upward trend from 2013 to 2023. The actual data indicated that the value stood at 39.1 units in 2023. From 2024 onward, the forecasted data predicts a steady growth up to 43.8 units by 2028. Over the past decade, we've observed several notable shifts. The most significant year-on-year increase occurred in 2017 with a 15.18% rise, while the largest decline was in 2018 at -4.3%. Despite fluctuations, the Compound Annual Growth Rate (CAGR) over the last five years settled at 3.2%, showing a moderate yet steady expansion in renewable energy supply.

Looking ahead, the forecasted five-year CAGR from 2024 to 2028 is estimated at 1.78%, reflecting a deceleration in growth compared to the previous period. Nevertheless, the overall growth rate for these five years is projected at 9.23%, indicating ongoing commitment to renewable energy investments. Future trends to watch for include technological advancements, policy changes, and global market dynamics, which will play crucial roles in shaping the renewable energy landscape in Denmark.