Forecast: Share of Renewable Energy Sources in Electricity in Belgium

Belgium has shown a consistent increase in the share of renewable energy sources in electricity, rising from 12.55 units in 2013 to 29.85 units in 2023. This indicates a notable shift towards renewable energy over the last decade. Year-on-year variation shows a 7.18% increase from 2021 to 2022 and a further 6.7% increase from 2022 to 2023. The average annual growth rate (CAGR) over the past five years stands at 5.38%, reflecting strong momentum.

Future forecasts predict an upward trajectory, reaching 39.03 units by 2028, with a forecasted 5-year CAGR of 4.25% and an overall growth rate of 23.12%. This highlights Belgium's commitment to expanding its renewable energy capacity.

Trends to watch for include advancements in renewable technologies, policy shifts supporting green energy, and investment in infrastructure to accommodate higher renewable energy integration.