Key Market Indicators
**Greek Solar Capacity to Nearly Double by 2028** ATHENS — Greece's solar capacity is projected to nearly double over the next five years, reaching approximately 12,970 megawatts by 2028, up from 6,820 megawatts in 2023. This impressive growth represents a compound annual growth rate (CAGR) of 9.9%. Since 2006, Greece's solar supply has surged by an average of 20.8% annually. In 2023, Greece ranked 10th globally in solar capacity, with Belgium narrowly ahead, also at 6,820 megawatts. Leading the pack were the Netherlands, Italy, and Spain, holding the second, third, and fourth positions, respectively. **Rising Solar Energy Consumption in Greece** In tandem with its expanding capacity, Greece's solar energy consumption is on track to reach 0.15 exajoules by 2028, up from 0.08 exajoules in 2023. This growth also reflects a 9.9% annual increase. Since 2014, Greek demand for solar energy has risen by an average of 17.9% each year. As of 2023, Greece occupied the 8th spot in global solar energy consumption, with Poland slightly ahead at 0.08 exajoules. Spain, Italy, and France ranked second, third, and fourth, respectively, in this category.
