The gross available energy from primary solid biofuels in Denmark has shown a generally positive trend from 2013 to 2023, with occasional fluctuations. In particular, between 2013 and 2023, the values increased from 28.25 to 42.88 thousand gigawatt-hours, representing solid growth in energy investments and biofuel policy incentives. The most significant annual increase occurred in 2021, with a 21.77% rise, followed by a slight decrease in 2022 and a rebound in 2023 by 3.51%. Over the past five years up to 2023, the Compound Annual Growth Rate (CAGR) was 3.98%, signaling steady growth in biofuel energy production.
Future trends indicate further growth, with forecasted values expecting to reach 49.94 thousand gigawatt-hours by 2028. This reflects a projected 5-year CAGR of 2.41%, consistent with sustainable but moderate growth. Watch for technological advancements in biofuel production, potential government policy shifts, and changes in global energy markets that could influence these trends.
