The final consumption of renewables and biofuels in Germany's mining and quarrying sector is expected to rise from 68.62 gigawatt-hours in 2024 to 74.78 gigawatt-hours in 2028. This represents a compound annual growth rate (CAGR) of approximately 2.16% over this forecast period. The year-on-year growth is consistent, with an average annual increase of around 2.15%. No data for 2023 is available to establish a comparison for the immediate previous year.
Future trends to watch for include:
- Technological advancements improving renewable biofuel efficiency.
- Policy changes impacting renewable energy incentives in the industrial sectors.
- Fluctuations in global energy prices affecting the cost competitiveness of biofuels.