In 2023, Germany led the European renewables and biofuels energy supply with 15.01 Mtoe, followed by France and Italy at 9.88 Mtoe and 9.64 Mtoe respectively. The UK, Sweden, and Spain also maintained significant shares. Notably, the Netherlands exhibited the highest year-on-year growth at 17.39%, while Luxembourg and Malta followed closely at 10.25% and 7.84%. Kosovo, Macedonia, Montenegro, Iceland, Albania, and Moldova saw declines. Over the past five years, the sector saw steady growth across most countries, driven by policy shifts towards green energy.
Future trends to watch in European renewables and biofuels include advancements in green hydrogen technology, increased investment in offshore wind projects, and the potential impact of geopolitics on energy security and policy shifts. The continued financial support from the European Union towards renewable energy initiatives will likely drive further growth, particularly in emerging markets within Eastern Europe. The integration of digital technologies in energy management and the role of electric vehicles in shaping demand patterns will also be pivotal.
Top countries in Renewables and Biofuels Energy Supply Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.01 | 2023 | +1.86% | +2.24% | View data |
| 2 | 2 France | 9.88 | 2023 | +2.91% | +2.75% | View data |
| 3 | 3 Italy | 9.64 | 2023 | +2.06% | +1.24% | View data |
| 4 | 4 United Kingdom | 8.01 | 2023 | +4.19% | +5.09% | View data |
| 5 | 5 Sweden | 7.58 | 2023 | +2.19% | +3.95% | View data |
| 6 | 6 Spain | 6.61 | 2023 | +2.65% | +3.33% | View data |
| 7 | 7 Norway | 4.9 | 2023 | +1.55% | +1.57% | View data |
| 8 | 8 Finland | 4.33 | 2023 | +3.38% | +3.07% | View data |
| 9 | 9 Poland | 4.17 | 2023 | +2.15% | +2.15% | View data |
| 10 | 10 Austria | 3.4 | 2023 | +1.36% | +1.89% | View data |
