In 2023, European countries exhibited varied performances in gross heat production from renewables and biofuels. Sweden led with steady growth of 1.97%, while Denmark and Finland saw increases of 5.9% and 4.47%, respectively. Notably, the Netherlands surged by 16.32%, whereas Italy experienced a decline of 2.14%. Luxembourg and Malta had the highest growth rates, with 29.94% and 42.62%, respectively. Countries like Bulgaria and Serbia also posted impressive increases of 18.02% and 41.02%. Overall, the five-year CAGR indicates a continually growing sector across Europe.
Future trends to watch include:
- Potential for further expansion in high-growth countries like Malta and Luxembourg.
- The impact of energy policies and investments in renewable technologies driving production in larger markets such as Germany and France.
- Continual assessment of changes in geopolitical circumstances influencing energy production in Eastern European countries like Ukraine and Poland.
Top countries in Gross Heat Production of Renewables and Biofuels 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 | -2.21% | -2.14% | View data |
| 9 | 9 Ukraine | 794.51 | 2023 | +0.2% | +0.79% | View data |
| 10 | 10 Netherlands | 716.05 | 2023 | +10.31% | +16.32% | View data |
