The renewable power generation in Denmark stood at 25.99 Terawatt-hours in 2023, reflecting a steady year-on-year increase of 3.61%. Over the last five years leading to 2023, the sector saw an average annual growth rate (CAGR) of 4.46%. Notably, the sector experienced fluctuations with significant increases in 2017 and 2019. Forecast data from 2024 to 2028 suggests continued growth, with an expected CAGR of 2.52%, reaching 30.45 Terawatt-hours by 2028, marking an overall growth rate of 13.24% in five years.
Future trends to watch for:
- Technological advancements in renewable energy systems.
- Government policies and incentives supporting renewable energy.
- Corporate investments and partnerships in renewable energy projects.
- Potential market shifts driven by global energy demands and sustainability goals.