The primary solid biofuels gross electricity production in the Netherlands saw fluctuations from 2013 to 2018 with a notable drop from 2.9 TWh in 2013 to 1.51 TWh in 2018. A significant upward trend started in 2019, with a remarkable increase of 103.85% in 2020 and a substantial growth rate continuing into 2021 and 2022. By 2023, the value stood at 12.02 TWh, marking a year-on-year increase of 20.78%. The compound annual growth rate (CAGR) over the last five years was 51.38%, highlighting a robust growth trajectory. Forecasting up to 2028 suggests a maintaining growth, with a 5-year CAGR forecasted at 9.41%.
Future trends to watch for include:
- Technological advancements in biofuel production that may drive efficiencies.
- Government policies and subsidies impacting the renewable energy sector.
- Market demand for renewable energy sources amidst global sustainability efforts.
- Potential supply chain disruptions or innovations affecting biofuel availability.