The supply of renewables and biofuels energy in Denmark has shown a steady upward trend from 2013 to 2023, with an actual value standing at 7.45 Million Tonnes of Oil Equivalent in 2023. Year-on-year variations indicate significant growth spurts, notably in 2017 (10.99%) and 2021 (13.71%), while a brief dip occurred in 2018 (-0.64%). The 5-year CAGR up to 2023 was 5.48%, highlighting consistent compound annual growth.
Forecasted data from 2024 onward suggests continued growth, with a forecasted 5-year CAGR of 3.25% and an overall growth rate of 17.32% by 2028, reaching 9.14 Million Tonnes of Oil Equivalent. This slower yet consistent growth indicates maturity in the market with ongoing advancements.
Future trends to watch for include:
- Technological advancements enhancing energy conversion efficiency.
- Increased investment in renewable infrastructure.
- Policy changes fostering green energy adoption.
- Innovations in biofuel production processes.
