In 2023, Sweden led in European renewable and biofuel gross heat production with 3.84 MTOE. Denmark and Finland followed with 2.46 and 2.35 MTOE, respectively. Notable growth occurred in Bulgaria (18.02%), Serbia (41.02%), and Malta (42.62%). Luxembourg saw a significant increase of 29.94%, while Italy, Cyprus, and Moldova experienced slight declines. Over the past 5 years, countries like the Netherlands, Poland, and Croatia reported considerable average annual growth, while stable markets like Sweden and Germany showed modest increases.
Future trends to watch include policy shifts towards further renewable energy integration, technological advancements in biofuel production, and the influence of EU climate targets. Countries with significant growth rates may lead innovation and investment opportunities in the sector.
Top countries in Renewables and Biofuels Gross Heat Production by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 3,840 | 2023 | +1.77% | +1.97% | View data |
| 2 | 2 Denmark | 2,460 | 2023 | +5.32% | +5.9% | View data |
| 3 | 3 Finland | 2,350 | 2023 | +2.51% | +4.47% | View data |
| 4 | 4 France | 2,130 | 2023 | +4.38% | +4.6% | View data |
| 5 | 5 Germany | 1,940 | 2023 | +1.63% | +1.12% | View data |
| 6 | 6 Austria | 1,280 | 2023 | +5.62% | +5.46% | View data |
| 7 | 7 Iceland | 922.27 | 2023 | +2.79% | +3.3% | View data |
| 8 | 8 Italy | 854.05 | 2023 | +2.19% | -1.02% | View data |
| 9 | 9 Ukraine | 794.51 | 2023 | +0.2% | +0.79% | View data |
| 10 | 10 Netherlands | 716.05 | 2023 | +10.29% | +16.32% | View data |
