The transformation output of renewables and biofuels in Belgium is projected to grow as follows:
- 2024: 10.59 Thousand GWh
- 2025: 11.12 Thousand GWh
- 2026: 11.64 Thousand GWh
- 2027: 12.16 Thousand GWh
- 2028: 12.67 Thousand GWh
- 2024-2025: 5.01%
- 2025-2026: 4.68%
- 2026-2027: 4.46%
- 2027-2028: 4.20%
The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) is approximately 4.55%.
It is important to monitor advancements in renewable energy technologies, policy changes, and financial incentives aimed at boosting renewable energy production. Additionally, investments in infrastructure and grid modernization, as well as developments in energy storage solutions, will play a significant role in shaping the future of renewables and biofuels in Belgium.
