Key Market Indicators
South Korea's solar energy consumption is projected to hit 0.37 exajoules by 2028, up from 0.27 exajoules in 2023. This represents an annual growth rate of 4.7%. Since 2012, the country's demand for solar energy has surged by 23% each year. Meanwhile, South Korea's solar energy capacity is expected to reach approximately 38,050 megawatts by 2028, rising from 23,930 megawatts in 2023. The capacity is growing at an annual rate of 7.3%. Since 2005, the nation's solar supply has expanded by 24.2% annually.
