Key Market Indicators
Belgium's solar energy consumption is projected to hit 0.12 exajoules by 2028, up from 0.07 exajoules in 2023. This marks an average annual growth rate of 8%. Since 2014, the country's solar energy demand has increased by nearly 15% annually. In the 2023 rankings, Belgium secured the 9th spot, with Greece just ahead at 0.07 exajoules. Spain, Italy, and France held the 2nd, 3rd, and 4th positions, respectively. In terms of solar capacity, Belgium is expected to reach 11,990 megawatts by 2028, rising from 7,770 megawatts in 2023. This represents an average annual growth rate of 6.8%. Since 2007, Belgium's solar supply has grown by approximately 14% each year. In 2023, the country ranked 9th, with Ukraine overtaking it at 7,770 megawatts. The Netherlands, Italy, and Spain were the 2nd, 3rd, and 4th in the rankings, respectively.
