The UK's exports of renewables and biofuels are projected to increase steadily from 2024 to 2028, rising from 17.62 thousand terajoules in 2024 to 19.98 thousand terajoules in 2028. This represents an annual growth, with notable year-on-year increases of approximately 3.5% on average. This growth suggests a compounded annual growth rate (CAGR) over this forecast period. As of 2023, these exports stood at 17.05 thousand terajoules, making the current outlook optimistic with consistent growth.
Future trends to monitor include:
- Advancements in renewable technology.
- Government policies promoting green energy exports.
- Fluctuations in global energy demand.
- Competitiveness in international markets.
