Key Market Indicators
**Taiwanese Solar Energy Consumption to Nearly Double by 2028** TAIPEI — Taiwan's solar energy consumption is projected to surge to 0.24 exajoules by 2028, up from 0.13 exajoules in 2023. This marks a robust average annual growth rate of approximately 10.4%. Since 2016, the demand for solar energy in Taiwan has seen a dramatic increase, growing around 37% year on year. Meanwhile, Taiwan's solar capacity is also on a significant upward trajectory. By 2028, it is expected to reach 21,440 megawatts, a substantial rise from 11,730 megawatts in 2023. This represents a compound annual growth rate (CAGR) of 9.4%. Historical data reveals a consistent expansion in solar energy supply, with Taiwanese solar capacity growing nearly 34% year on year since 2005. The nation’s aggressive push towards renewable energy underscores its commitment to reducing carbon emissions and enhancing energy security.
