Forecast: Wind Power Gross Electricity Production in Belgium

The gross electricity production from wind power in Belgium has shown significant growth over the past decade, starting at 3.67 Thousand GWh in 2013 and reaching 14.89 Thousand GWh in 2023. The year-on-year variation highlights periods of remarkable growth, such as 2014 (25.93%) and 2020 (31.4%), as well as more modest increases in recent years, with 2023 showing an 8.72% rise. The compound annual growth rate (CAGR) peaked at 41.9% in 2013 but has slowed to 14.48% over the last five years. Looking ahead, the forecast predicts continued growth, albeit at a slower pace, with a five-year CAGR of 5.18% and total growth of 28.7% by 2028, reaching 20.69 Thousand GWh.

Future trends to watch for include technological advancements in wind turbine efficiency, government policies and subsidies for renewable energy, and the integration of wind power with other sustainable energy sources. These factors will play crucial roles in shaping the trajectory of wind power production in Belgium.