Forecast: Bioenergy Gross Electricity Production in Austria

The forecasted data for bioenergy gross electricity production in Austria from 2024 to 2028 indicates a consistent downward trend. Starting at 4.26 Thousand Gigawatthours in 2024, it gradually decreases to 3.96 Thousand Gigawatthours by 2028. This represents a year-on-year decline approximately ranging from -1.88% to -2.22% over the forecast period, indicating a slight acceleration in the rate of decline towards the latter part of the forecast period. Considering the entire forecast span, the compounded annual growth rate (CAGR) reflects a consistent decrease in bioenergy production.

Looking ahead, factors such as technological advancements, policy changes, and market demand for renewable energy sources will be crucial in shaping the future of bioenergy gross electricity production in Austria. The observed decline highlights the importance of monitoring these trends, as they could significantly influence production capacities and sustainability goals.