Key Market Indicators
Italy's solar capacity is projected to surge to approximately 36,730 megawatts by 2028, up from around 27,070 megawatts in 2023. This growth represents a compound annual growth rate (CAGR) of 4.8%. Since 2001, Italy's solar supply has increased annually by 6.1%. In 2023, Italy held the third spot globally in solar capacity, while the Netherlands overtook with a capacity of roughly 27,070 megawatts. The Netherlands, Italy, and Spain ranked second, third, and fourth respectively in this category. On the consumption front, Italy's solar energy usage is anticipated to reach 0.31 exajoules by 2028, up from 0.27 exajoules in 2023. This represents an average annual growth rate of 1.8%. Since 2013, Italy's solar energy demand has seen an annual increase of 4.7%. In 2023, Italy was ranked third in solar energy consumption, with Spain overtaking it at 0.27 exajoules. In this ranking, Spain, Italy, and France occupied the second, third, and fourth positions respectively.
