Forecast: Bioenergy Energy Supply in Denmark

The bioenergy supply in Denmark has shown consistent growth from 2013 to 2023, reaching 5.92 Million Tonnes Of Oil Equivalent in 2023. The year-on-year variation since 2013 has generally been positive, with a notable leap of 17.37% in 2021 and a steady increase over the last two years: 5.29% in 2022 and 5.42% in 2023. The compound annual growth rate (CAGR) over the last five years stands at a robust 7.43%, reflecting strong upward momentum in this sector.

Future trends to watch for include:

  • Projected annual growth slowing slightly, with a forecasted 5-year CAGR of 3.52% from 2024 to 2028.
  • The need for technological innovation and regulatory support to sustain and possibly enhance bioenergy supply growth.
  • Shifts in energy policy, both within Denmark and at the EU level, that could impact future supply rates.

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