The primary solid biofuels energy supply in Spain saw fluctuations from 2013 to 2023, experiencing a mix of growth and declines. In 2023, it stood at 62.44 Thousand Gigawatthours, marking a year-on-year increase of 0.94%. Analyzing recent years, there was a 0.76% increase in 2022 and a 4.54% rise in 2021. The Compound Annual Growth Rate (CAGR) for the last five years is 1.67%.
Future forecasts indicate a steady upward trend, with the primary solid biofuels energy supply projected to grow to 65.26 Thousand Gigawatthours by 2028. The forecasted 5-year CAGR is 0.7%, suggesting a moderate yet consistent increase.
Future trends to watch for include technological advancements in biofuel production, government policies promoting renewable energy, and market shifts affecting energy demand and supply dynamics in Spain.
