Key Market Indicators
By 2028, Bulgaria's solar energy consumption is projected to hit 0.03 exajoules, up from 0.02 exajoules in 2023. This marks an average annual growth rate of approximately 3.6%. Since 2016, the country's demand for solar energy has seen a significant increase of 9% each year. In 2023, Bulgaria was ranked 18th globally, with the Czech Republic slightly ahead at 0.02 exajoules. Leading the rankings are Spain, Italy, and France, occupying the second, third, and fourth positions respectively. On the capacity front, Bulgaria's solar capability is expected to expand to 2,730 megawatts by 2028, up from 2,080 megawatts in 2023. This represents an average annual growth rate of 4.3%. Since 2012, the nation's solar supply has surged by 15% each year. In 2023, Bulgaria again ranked 18th, with the Czech Republic edging ahead with 2,080 megawatts. Dominating the capacity rankings are the Netherlands, Italy, and Spain, holding the second, third, and fourth spots respectively.
