Forecast: Renewables and Biofuels Gross Available Energy in the UK

In 2023, the UK's gross available energy from renewables and biofuels stood at 26.0 million tonnes of oil equivalent. The forecasted growth from 2024 to 2028 shows a steady increase, with year-on-year growth rates ranging from approximately 3.7% to 3.2%. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be around 3.5% annually.

Future trends to watch for include:

  • Technological advancements in renewable energy production increase efficiency.
  • Government policies and subsidies influencing growth and development in the sector.
  • Integration of biofuels in transportation as a contributor to reducing emissions.

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