Electricity in Denmark in 2024

As of 2024, Denmark's electricity consumption is largely dominated by low-carbon sources, with more than three-quarters (almost 80%) of its electricity being generated from such sources. Wind power leads the way, contributing over half of the country's electricity, while biofuels also play a significant role at almost 17%. Solar energy accounts for just over 10%, illustrating its growing significance in Denmark's energy portfolio. In contrast, fossil fuel-based electricity is now below 11%, with coal making up just over 6% and gas contributing a little more than 2%. Net imports supplement the country's energy needs, contributing another close to 10%, which indicates room for increased self-reliance through more low-carbon generation.

Suggestions

Denmark has tremendous potential to further bolster its low-carbon electricity generation by expanding wind and solar power, building on the substantial contributions they are already making. As the leading source of clean power, increasing wind capacity offers a clear opportunity to enhance its already significant impact. Similarly, solar energy, which has seen a steady rise, can be a key focus area. Denmark can also look to countries like Finland and Sweden, both of which, despite their geographic and economic similarities, have successfully integrated nuclear energy into their electricity generation mix, with Finland at 38% and Sweden at 29%. These nations illustrate the viability and benefits of adopting nuclear energy as an additional pillar of a low-carbon future, further minimizing reliance on fossil fuels and reducing carbon emissions.

History

Throughout its history, Denmark has made notable strides in increasing its low-carbon electricity generation. Starting in the late 1990s and early 2000s, wind energy saw consistent annual increases, with noticeable advancements in 1998, 2000, and 2004. The years following 2010 marked another period of significant growth for wind and biofuels, with both showing substantial incremental rises, most prominently in 2011 and 2014. Recent years have seen Denmark amplify its solar generation, particularly in 2022 and 2023, indicating a shift toward diversification in its clean electricity portfolio. While Denmark has constantly progressed in wind and biofuel adoption, its solar energy development in recent years signposts a promising trajectory toward a wider green energy framework.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources