In 2023, solid biofuels electricity production capacity in Finland stood at 2.49 thousand megawatts. As of 2024, forecasts indicate it will increase to 2.54 thousand megawatts, marking a year-on-year growth of approximately 2.0%. By 2025, this capacity is expected to rise to 2.58 thousand megawatts, maintaining a similar growth pattern of about 1.6%. This upward trajectory continues uniformly with capacities of 2.62 thousand megawatts in 2026 and 2.67 thousand megawatts in 2027, reflecting steady year-on-year growth rates of around 1.55% and 1.9%, respectively. By 2028, the production capacity is projected to reach 2.71 thousand megawatts, with an overall Compound Annual Growth Rate (CAGR) of about 1.7% over the five-year period from 2024 to 2028.
Future trends to watch for include technological advancements in biofuel production, potential regulatory changes aimed at reducing carbon emissions, and investment in sustainable energy infrastructure. Monitoring global biofuel market dynamics and local policy shifts will be crucial in anticipating further capacity growth.
