In 2023, Denmark's geothermal power energy supply stood at 19.5 Gigawatthours. Forecasted data for the upcoming years shows a gradual increase: from 19.65 Gigawatthours in 2024 to 20.3 Gigawatthours in 2028. Year-on-year variations are modest, indicating a stable growth pattern. Specifically, the growth from 2024 to 2025 is 0.92%, from 2025 to 2026 is 0.86%, from 2026 to 2027 is 0.75%, and from 2027 to 2028 is 0.74%. The Compound Annual Growth Rate (CAGR) over the 5-year period (2024-2028) stands at approximately 0.79%.
Future trends to watch for:
- Technological advancements that could boost geothermal energy efficiency.
- Investment inflows for geothermal projects.
- Policy changes promoting renewable energy adoption.
- Competitive dynamics within the renewable energy sector.
