Primary solid biofuels gross electricity production in Finland demonstrates fluctuation over the past decade. While values dropped from 2013 to 2016, a notable increase was observed from 2018 to 2021, spiking by 17.73% in 2021. However, 2022 saw a 9.36% decline, followed by a 4% recovery in 2023, standing at 1030 Thousand Tonnes Of Oil Equivalent.
Key variations year-on-year for the last two years (2022 and 2023) were:- 2022: -9.36%- 2023: 4%
The Compound Annual Growth Rate (CAGR) over the past five years stands at approximately 0.2%. In the forecast extending to 2028, the expected growth is a moderate 1.01% annually, achieving a 5.17% increase overall by 2028, reaching 1090 Thousand Tonnes Of Oil Equivalent.
Future trends to watch for include technological advancements in biofuels, government policy shifts regarding renewable energy incentives, and market demand fluctuations, which may significantly impact Finland's solid biofuels electricity production trajectory.