Key Market Indicators
Austria's solar capacity is projected to reach approximately 8,100 megawatts by 2028, up from 4,300 megawatts in 2023. This growth represents an average annual increase of 9.7%. Since 2001, Austria's solar supply has expanded by an impressive 24.3% each year. In 2023, Austria ranked 12th globally in solar capacity, with Switzerland surpassing it at the same 4,300 megawatts mark. The Netherlands, Italy, and Spain held the 2nd, 3rd, and 4th positions, respectively. In terms of solar energy consumption, Austria is expected to reach 0.06 exajoules by 2028, up from 0.04 exajoules in 2023. The country is experiencing an average annual growth rate of 8.5% in this sector. Since 2015, Austria's solar energy demand has grown by 20.1% each year. In 2023, Austria was ranked 14th in global solar energy consumption, with Sweden moving ahead at 0.04 exajoules. Spain, Italy, and France occupied the 2nd, 3rd, and 4th spots, respectively.
