From 2013 to 2023, Denmark's renewable energy supply exhibited consistent growth, reaching 44.46 in 2023. Year-on-year variation demonstrated volatility, with peaks such as a 10.56% increase in 2017 and lows like a 0.88% decrease in 2018. Over the past five years, the compound annual growth rate (CAGR) averaged 6.34%. Looking ahead, the forecasted growth continues, albeit at a slower 5-year CAGR of 3.36%, leading to an estimated value of 54.96 in 2028. This represents a 17.99% growth over five years.
Future trends to watch for include:
- Technological advancements in renewable energy.
- Policy changes and governmental incentives.
- Market dynamics such as energy pricing and competition.
- Global economic factors influencing renewable energy investment.
