Denmark's solar thermal energy supply has shown significant growth from 2013 to 2020, with a peak in 2020 at 909.19 Gigawatthours. However, starting in 2021, there has been a consistent decline. By 2023, the value stood at 739.03 Gigawatthours, reflecting a year-on-year reduction of 5.21% from 2022. The Compound Annual Growth Rate (CAGR) over the last five years was -0.74%.
Future trends to watch for:
- Continued decline in solar thermal energy supply, with a forecasted 5-year CAGR of -2.75%.
- Monitoring technological advancements and policy changes, which could potentially reverse or accelerate the current declining trend.
