In 2023, Germany led in the share of renewable and biofuel consumption in Europe, followed by France and Italy. Noteworthy growth occurred in smaller markets, particularly Slovakia, Serbia, and the Czech Republic, which saw significant year-on-year increases. Conversely, Latvia and Moldova experienced declines, with Iceland marking the steepest decrease among all. The Netherlands and Belgium also showed dynamic growth rates, emphasizing the adoption momentum. However, growth rates varied substantially across different countries.
Future trends to watch include:
- Continued rapid expansion in Central and Eastern European countries, driven by policy incentives and investments.
- Fluctuations in market leadership roles as technological advances and regulatory environments evolve.
- The impact of geopolitical events on energy supply chains, potentially influencing renewable energy development.
- The increasing role of innovation in storage solutions and grid integration to manage variable renewable energy sources.
Top countries in Renewables and Biofuels Available for Final Consumption Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.31 | 2023 | +2.34% | +2.64% | View data |
| 2 | 2 France | 12.11 | 2023 | +1.92% | +2.01% | View data |
| 3 | 3 Italy | 9.06 | 2023 | +2.16% | +1.61% | View data |
| 4 | 4 Poland | 7.26 | 2023 | +2.53% | +0.36% | View data |
| 5 | 5 Sweden | 7.25 | 2023 | +2.46% | +3.58% | View data |
| 6 | 6 United Kingdom | 5.53 | 2023 | +3.99% | +4.89% | View data |
| 7 | 7 Finland | 5.42 | 2023 | +1.52% | +1.51% | View data |
| 8 | 8 Spain | 5.24 | 2023 | +1.68% | +1.02% | View data |
| 9 | 9 Austria | 3.48 | 2023 | +1.24% | +2.15% | View data |
| 10 | 10 Romania | 3.11 | 2023 | +1.94% | +2.37% | View data |
