- 2024 to 2025: (9.48 - 9.05) / 9.05 * 100 = 4.75%
- 2025 to 2026: (9.90 - 9.48) / 9.48 * 100 = 4.43%
- 2026 to 2027: (10.31 - 9.90) / 9.90 * 100 = 4.14%
- 2027 to 2028: (10.73 - 10.31) / 10.31 * 100 = 4.08%
Using the formula for CAGR:
CAGR = (10.73 / 9.05)^(1/5) - 1 = 3.40%
As bioenergy gross electricity production in Denmark is forecasted to experience steady growth with varied annual growth rates around 4%, investing in technological improvements and sustainable practices will be crucial. Additionally, monitoring regulatory changes and renewable energy policies will be important for predicting long-term trends in the bioenergy sector.