The gross heat production from renewables and biofuels in the UK is forecasted to exhibit a steady upward trend from 2024 to 2028. In 2023, the gross heat production stood at 6.15 thousand terajoules. The year-on-year growth is projected as follows: 5.8% in 2025, 4.6% in 2026, 4.4% in 2027, and 4.1% in 2028. The compound annual growth rate (CAGR) over these five years is estimated at 4.7%, indicating a consistent increase in renewable heat production capacity.
Future trends to watch for include:
- The impact of government policies and incentives on further accelerating renewable investments.
- Technological advancements enhancing the efficiency and cost-effectiveness of renewable energy production.
- Potential shifts in energy demand and consumption patterns affecting renewable energy uptake.