The renewable power generation in the Netherlands in 2023 reached 57.9 TWh, demonstrating significant growth from 12.1 TWh in 2013. Over the past decade, the sector has witnessed sharp year-on-year fluctuations. The most notable increase occurred in 2020 with a 41.26% rise. From 2018 to 2023, the compound annual growth rate (CAGR) stood at 25.19%, indicating a strong upward trend.
Over the last two years, growth has been substantial but has shown a slight deceleration: 21.21% in 2022 and 17.41% in 2023. Future forecasts predict continued expansion, with a five-year CAGR of 8.56%, suggesting the market will grow by 50.8% by 2028.
Future trends to watch for:
• Innovations in renewable energy technology.
• Policy changes and government incentives.
• Integration of renewable sources into the national grid.
• Climatic and environmental factors impacting renewable output.