Between 2013 and 2023, Belgium's bioenergy gross electricity production saw several fluctuations. After peaking at 5.71 TWh in 2017, the value has shown a general decline. In 2023, production stood at 4.31 TWh. Year-on-year variations over the past two years indicated decreases of -2.67% in 2022 and -5.76% in 2023. The five-year compound annual growth rate (CAGR) dropped to -4.47% as of 2023.
From 2024 onwards, forecast data suggest a continuous decline at a five-year CAGR of -5.62%, projecting a reduction of 25.13% in production by 2028. Future trends to watch include advancements in bioenergy technology, governmental policies on renewable energy, and competitive pressures from other renewable sources like wind and solar.
