Forecast: Renewable Energy Supply in Belgium

The renewable energy supply in Belgium has shown a positive trend from 2013 to 2023. In 2023, it stood at 9.93 Unit of Total Primary Energy Supply. The year-on-year growth rate showed significant fluctuations, with notable increases such as 21.72% in 2020 and declines like -6.44% in 2021. The Compound Annual Growth Rate (CAGR) has also varied, settling at 4.95% for the last five years leading up to 2023. As of 2028, the forecasted 5-year CAGR is projected to be 2.39%, indicating a more conservative growth rate in the next five years compared to recent historical trends. Future trends to watch for include:

• Technological advancements in renewable energy sources.
• Government policies and incentives promoting renewable energy.
• Economic factors affecting investments in renewable energy infrastructure.