Germany's biogases gross electricity production stood at 94.11 Thousand Terajoules in 2023, showing a consistent decline in recent years after peaking at 121.96 Thousand Terajoules in 2017. The year-on-year variation for 2023 indicated a drop of 6.86%. Over the last two years, the production has sharply decreased by a total of 19.46%. The Compound Annual Growth Rate (CAGR) over the last five years reveals an average annual decline of 4.66%.
Looking ahead, the forecast predicts a continued downward trend, with production expected to fall to 60.45 Thousand Terajoules by 2028. This represents a forecasted 5-year CAGR of -7.07% and a total decline of 30.7% over the period.
Future trends to watch for:
- Technological advancements in biogas production to increase efficiency and output.
- Policy changes and incentives impacting renewable energy investments.
- Shifts in energy demand and market dynamics affecting biogas viability.
- Environmental regulations influencing the adoption of greener energy sources.