Analysis of the share of renewable energy sources in Belgium shows that the share was 13.39% in 2023. Over the forecasted period from 2024 to 2028, the following year-on-year percentage variations emerge: 4.2% increase in 2024, 4.2% increase in 2025, 4.1% increase in 2026, 3.8% increase in 2027, and a 3.7% increase in 2028. The compound annual growth rate (CAGR) over this five-year span averages at 4% per year.
Future trends to watch for include advancements in technology, governmental policies supporting renewable energy, and increasing public and private sector investments. Renewable energy innovation and infrastructure expansion are crucial factors that will impact these projections going forward.
