The primary solid biofuels energy supply in Denmark stood at 154.38 thousand terajoules in 2023. Analyzing the year-on-year trends, it showed a 3.51% increase in 2023 and a notable 21.77% increase in 2021, although it experienced a 2.25% drop in 2022. On a longer horizon, the compound annual growth rate (CAGR) over the past five years was approximately 3.98%. Looking ahead, the forecasted CAGR for the next five years (2024-2028) is estimated to be 2.41%, reflecting a 12.67% growth rate over this period.
Future trends to watch for:
- Technological advancements in biofuel production efficiency.
- Regulatory changes impacting the bioenergy sector.
- Increasing investments in renewable energy projects across Denmark.
