From 2013 to 2023, the production of renewables and biofuels in Denmark has shown a consistent upward trend, growing from 134.34 Thousand Terajoules to 203.37 Thousand Terajoules. The year-on-year variations fluctuated, with peaks of 11.39% in 2015 and a low of 0.16% in 2018. Over the last two years, there was an increase of 2.25% in 2022 and 3.24% in 2023. The last five-year CAGR from 2018 to 2023 stood at 4.07%. Looking ahead, the forecast suggests continued growth, with a five-year CAGR of 2.25%, leading to a projected production value of 234.31 Thousand Terajoules in 2028.
Future trends to watch for include:
- Technological advancements in renewable energy production.
- Government policies and subsidies promoting sustainable energy.
- Public and private sector investments in green energy infrastructure.
- Impact of global energy market fluctuations on local production.
