Header Image - Energy

Energy in Europe

€ 6 844 mil.

Source: CapitalIQ

Energy - Graph 1

The Czech Republic's power generation industry has experienced fluctuations in total electricity generation from 2018 to 2021, followed by a forecast of relative stability and growth from 2022 to 2028. In 2018, the country generated 86,981.4 GWH of electricity, which slightly decreased to 85,863.9 GWH in 2019. A more significant drop occurred in 2020, with total electricity generation at 80,224.1 GWH. However, generation rebounded in 2021 to 83,696 GWH.

Looking ahead, projections for the Czech Republic's power generation industry indicate gradual growth. In 2022, electricity generation is expected to reach 82,350 GWH, followed by a consistent increase, with generation levels estimated at 83,199 GWH in 2023, 83,763 GWH in 2024, and 84,290 GWH in 2025. This upward trend is forecasted to continue through 2028, with total electricity generation reaching 86,407 GWH.

Energy - Graph 2

The Czech Republic power generation industry has experienced changes in value across various category segments from 2018 to 2028F. Coal, oil, and natural gas power plants have seen a decline in generation from 47,428.8 GWh in 2018 to an estimated 37,353 GWh in 2028F. Conversely, renewable energy sources, including wind, hydro, and solar, have exhibited growth, increasing from 4,597.03 GWh in 2018 to a projected 8,978 GWh in 2028F.

Biomass power generation has also shown an upward trend, rising from 5,034 GWh in 2018 to an expected 8,592 GWh in 2028F. Similarly, nuclear power generation has experienced steady growth from 29,921.3 GWh in 2018 to a forecasted 31,484 GWh in 2028F. Overall, the Czech Republic's power generation industry is gradually shifting towards renewable and sustainable energy sources while reducing its reliance on fossil fuels.

Energy - Graph 3
Energy - Graph 4

The Czech Republic power generation industry is segmented into four main categories: coal, oil, and natural gas power plants; renewable energy sources (wind, hydro, and solar); biomass; and nuclear. Fossil fuels and nuclear power hold a predominant share, while there is an increasing focus on renewable energy sources and biomass.

In 2022, hydroelectric power accounted for 30.12% of the total electricity generated from renewables and wastes, while solar power contributed 27.81%, and wind power produced 9.25%. Biomass, biogas, and waste energy sources made up 71.68%. Trends suggest increasing emphasis on solar and wind power, with capacity expected to reach 3,278 GWh and 3,195 GWh, respectively, by 2028. Hydroelectric power is anticipated to grow modestly to 2,505 GWh by 2028, while biomass, biogas, and waste energy sources are projected to reach 8,592 GWh by 2028. The country's focus on diverse renewable energy sources underscores its commitment to cleaner and more sustainable power generation.

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