Biomass is an essential pillar of the bioeconomy as it serves as its main resource. Biomass energy plays an important role in energy sector. According to long wave theory, a sharp breakthrough in biotechnology is due over the next few years. As the price for energy wood increases, wood as a resource will not be sustainable in energy sector. In the case of Latvia, the price of energy wood as a resource is predicted to increase from 0.04 EUR/kWh to 0.12 EUR/kWh per unit of energy.