Key Market Indicators
The Netherlands is poised for a significant surge in solar capacity, expected to hit approximately 66,800 megawatts by 2028, up from around 30,100 megawatts in 2023. This reflects a compound annual growth rate (CAGR) of 12.2%. Since 2001, the country's solar supply has impressively grown by 45.6% annually. In 2023, the Netherlands ranked second globally in solar capacity, with Germany leading the pack. Italy and Spain followed in the third and fourth spots, respectively. Meanwhile, Dutch solar energy consumption is forecasted to reach about 0.48 exajoules by 2028, up from 0.22 exajoules in 2023, also growing at a CAGR of 12.2%. Since 2015, the nation’s demand for solar energy has increased by 44% each year. In 2023, the Netherlands ranked fifth in solar energy consumption, with France taking the lead at 0.22 exajoules. Spain, Italy, and France occupied the second, third, and fourth positions in this ranking, respectively.
