Key Market Indicators
**Swiss Solar Capacity to Double by 2028** Switzerland's solar energy capacity is projected to soar to 8,100 megawatts by 2028, up from 4,800 megawatts in 2023. This represents an average annual growth rate of 8.1%. Since 2001, the nation's solar supply has experienced a robust year-on-year increase of 17.2%. In 2023, Switzerland was ranked 11th globally in solar capacity, with Greece surpassing it with an identical capacity of 4,800 megawatts. The top three positions in the rankings were held by the Netherlands, Italy, and Spain, respectively. **Solar Energy Consumption on the Rise** Swiss solar energy consumption is also expected to see significant growth, reaching 0.07 exajoules by 2028 from 0.04 exajoules in 2023. This marks an annual compound growth rate of 8.1%. Since 2014, the country's solar energy demand has risen by 15.5% each year. In 2023, Switzerland was again positioned 11th in the global rankings for solar energy consumption, with Hungary narrowly ahead at 0.04 exajoules. Spain, Italy, and France occupied the second, third, and fourth spots, respectively, in this category.
