Key Market Indicators
South Africa's solar capacity is poised for significant growth, with projections indicating an increase to approximately 7,500 megawatts by 2028. This marks a rise from the current 6,600 megawatts in 2023, reflecting an average annual growth rate of 1.9%. Since 2002, the country's solar supply has seen a robust year-on-year increase of 6.7%, underlining a strong upward trend in renewable energy adoption. In terms of consumption, South Africa's solar energy use is expected to reach 0.07 exajoules by 2028, up from 0.06 exajoules in 2023. This represents an average annual growth rate of 3.2%. Since 2016, the demand for solar energy in South Africa has climbed steadily, with a year-on-year increase of 6.8%, highlighting the nation's escalating commitment to sustainable energy solutions.
