From 2013 to 2023, the production of renewables and biofuels in Denmark increased from 134.34 thousand terajoules to 203.37 thousand terajoules, reflecting a robust growth trajectory. The year-on-year growth rate has varied, with notable peaks in 2015 (+11.39%) and 2017 (+6%). The compound annual growth rate (CAGR) over the past five years stood at 4.07%, illustrating steady growth amidst fluctuations.
For the future, the forecasted data project continued growth, reaching 234.31 thousand terajoules by 2028. The anticipated CAGR from 2024 to 2028 is 2.25%, indicating a moderate pace of increase compared to previous years.
Future trends to watch for:
- Technological advancements in renewable energy.
- Government policies and incentives supporting green energy.
- Market demand for sustainable and eco-friendly energy sources.
- Potential impacts of global energy market dynamics on local production.
