The primary solid biofuels production in Norway is experiencing steady growth. Based on the forecasted data, the production is expected to rise from 50.28 thousand terajoules in 2024 to 53.24 thousand terajoules by 2028. This marks a year-on-year increase of approximately 1.49% from 2024 to 2025 and continues at a similar growth rate at around 1.47% per annum over the subsequent years. The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 stands at about 1.46%.
Future trends to watch for include advancements in bioenergy technology, government policies on renewable energy incentives, and potential fluctuations in raw material availability. Monitoring these factors will be crucial for estimating the sustainability and scalability of biofuels production in Norway.
