In 2023, Sweden led in the gross heat production of renewables and biofuels with a substantial share, showing modest growth. Denmark, Finland, and France followed with notable increases, reflecting robust renewable sector growth. The Netherlands, Bulgaria, and Croatia outpaced others with double-digit gains. Conversely, Italy and Moldova experienced slight declines. Substantial year-on-year changes in Luxembourg, driven by investment, and Malta, soared, while Serbia had a significant leap, suggesting burgeoning interest in renewable energy. Poland and Belgium also showed significant growth, with robust annual gains contributing to overall European renewable reach.
Future trends in the European renewables sector indicate potential sector consolidation, with burgeoning investments in technology. Countries like Luxembourg and Malta could see continued expansive growth, alongside renewed policy pushes in traditionally leading nations like Sweden, Denmark, and Finland. Watching for policy shifts and green investments will be crucial in predicting future trajectories of renewables and biofuels in Europe.
Top countries in Gross Heat Production of Renewables and Biofuels Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 17.69 | 2023 | +1.76% | +1.95% | View data |
| 2 | 2 Denmark | 11.35 | 2023 | +5.32% | +5.9% | View data |
| 3 | 3 Finland | 10.95 | 2023 | +2.41% | +4.71% | View data |
| 4 | 4 France | 9.85 | 2023 | +4.43% | +4.63% | View data |
| 5 | 5 Germany | 9.05 | 2023 | +2.2% | +1.34% | View data |
| 6 | 6 Austria | 6.02 | 2023 | +6.76% | +5.85% | View data |
| 7 | 7 Iceland | 4.3 | 2023 | +3.31% | +3.52% | View data |
| 8 | 8 Italy | 4.26 | 2023 | +2.52% | -0.62% | View data |
| 9 | 9 Ukraine | 3.68 | 2023 | +0.34% | +0.84% | View data |
| 10 | 10 Netherlands | 3.31 | 2023 | +10.15% | +16.34% | View data |
