In 2023, bioenergy production in Norway stood at 1.49 Million Tonnes Of Oil Equivalent. The forecasted data from 2024 to 2028 indicates that bioenergy production is expected to experience a relatively modest growth. The value remains steady at 1.5 million tonnes from 2024 through 2025, with a slight increase to 1.51 million tonnes in 2026, maintaining this level through 2028.
Year-on-year variations show a minimal growth rate especially between 2026 and 2028, averaging approximately 0.67% per annum over the five-year period.
Future trends to watch for include advancements in bioenergy technology, governmental policy changes, and shifts in market demand which could drive a more substantial increase in production levels. Enhanced investment in renewable energy infrastructure could also play a critical role in boosting bioenergy output in Norway.
Key points:
- Bioenergy production was 1.49 million tonnes in 2023.
- Production levels are forecasted to remain stable at 1.5 million tonnes from 2024 through 2025.
- A minor increase to 1.51 million tonnes is projected from 2026, continuing through 2028.
- Average annual growth rate over the next five years stands at around 0.67%.
- Trends to watch: technology innovations, policy changes, market demand shifts, and renewable energy investments.