Primary Solid Biofuels Gross Electricity Production in the Netherlands experienced significant fluctuations from 2013 to 2023. After a steady decline from 2013 to 2018, there was a remarkable rebound starting in 2019. A surge in production led to an annual growth rate of 87.66% in 2019, and the trend continued with a peak growth rate of 103.85% in 2020. From 2022 to 2023, the production stood at 43.27 Thousand Terajoules, marking a 20.78% increase from the previous year. Over the last five years, the Compound Annual Growth Rate (CAGR) was an impressive 51.38%, demonstrating a strong upward trend.
Looking ahead, the forecast from 2024 to 2028 anticipates continued growth, with a forecast five-year CAGR of 9.41%, resulting in a projected gross electricity production of 79.39 Thousand Terajoules by 2028. Future trends to watch for include advancements in biofuel technology, policy support, and increased focus on renewable energy sources, which could further accelerate growth in this sector.