Based on the provided data, the mean feed-in tariff for biomass energy in China for 2023 stood at 0.12 USD. From 2013 to 2015, the value remained stable at 0.12 USD, then saw a slight decline to 0.11 USD between 2016 and 2020. It returned to 0.12 USD from 2021 to 2026 and is expected to increase to 0.13 USD from 2027. Over the last two years, there was a slight year-on-year increase of 1.67% for 2023. The CAGR over the last five years showed a moderate annual growth rate of 1.02%. The forecasted 5-year CAGR indicates an anticipated annual growth rate of 1.18%, reaching a forecasted growth rate of 6.02% by 2028.
Future trends to watch for include potential policy changes aimed at promoting renewable energy, advancements in biomass technology that could impact tariffs, and global economic factors influencing energy markets. Monitoring these factors could provide insights into deviations from the forecasted trends.
