Between 2013 and 2023, Denmark's wind power production showed a general upward trend, with 2023 reaching 1500 ktoe. The period experienced variability with notable increases in 2014 (17.58%), 2017 (15.63%), and 2019 (16.17%), and slight declines in 2016 (-9.56%) and 2018 (-5.94%). The last assessed CAGR over a five-year span up to 2023 was approximately 4.63%, indicating steady growth.
Looking forward, wind power production in Denmark is forecasted to continue its rise, reaching 1730 ktoe by 2028. The forecasted five-year CAGR from 2024 to 2028 is estimated at 2.24%, reflecting a slower yet sustained growth trajectory.
Future trends to watch for include:
- Technological advancements in turbine efficiency
- Policy shifts towards renewable energy incentives
- Market dynamics influenced by European energy regulations
- Infrastructure investments in offshore wind farms
