Gross electricity production from primary solid biofuels in Spain demonstrated a fluctuating but upward trend over the past decade. Notable annual increases were seen in 2013 (22%) and substantially in 2020 (16.89%), culminating in a production value of 457.71 Thousand Tonnes Of Oil Equivalent by 2023. The period from 2021 to 2023 recorded consistent annual growth rates of 12.2%, 2.25%, and 2.18%, respectively. From 2018 to 2023, a 5-year compound annual growth rate (CAGR) of 4.75% was achieved, highlighting stable growth in recent years.
Looking ahead, forecasts indicate a continued rise in production, albeit at a more moderate pace, with projections for 2028 revealing a 1.57% 5-year CAGR equivalent to an 8.08% total growth rate. The expected future growth underscores ongoing expansion in the biofuels sector, though at a decelerated pace compared to the previous five years.
Future trends to watch for include advances in technology and regulatory changes that could spur higher production efficiency and output, as well as potential shifts in energy policy and market demand that could impact the trajectory of biofuels' contribution to Spain's energy mix.