Germany leads in European renewables and biofuels electricity production with 257.85 TWh, followed by Norway and the UK. Notably, the Netherlands saw a significant 24.3% increase from 2022. Poland and Hungary also showed strong growth with 9.65% and 19.15% respectively. In contrast, Croatia saw a slight decline. Years 2019-2023 had significant CAGR increases in nations like the Netherlands and Cyprus. The market indicates positive upward trends overall through 2023.
Future trends to watch include increased investments in offshore wind in the UK, solar expansions in Spain and Italy, and potential policy impacts from Europe's Green Deal. Growth in Eastern Europe’s renewables sector is also anticipated.
Top countries in Renewables and Biofuels Gross Electricity Production by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 257,850 | 2023 | +1.04% | +2.47% | View data |
| 2 | 2 Norway | 152,150 | 2023 | +1.15% | +1.14% | View data |
| 3 | 3 United Kingdom | 145,640 | 2023 | +4.38% | +5.29% | View data |
| 4 | 4 France | 135,660 | 2023 | +2.9% | +2.66% | View data |
| 5 | 5 Spain | 128,710 | 2023 | +2.23% | +3.89% | View data |
| 6 | 6 Italy | 121,680 | 2023 | +1.73% | +1.1% | View data |
| 7 | 7 Sweden | 112,230 | 2023 | +2.48% | +4.24% | View data |
| 8 | 8 Austria | 56,970 | 2023 | +1.02% | +1.22% | View data |
| 9 | 9 Netherlands | 56,090 | 2023 | +16.07% | +24.3% | View data |
| 10 | 10 Finland | 38,770 | 2023 | +3.63% | +3.82% | View data |
