Key Market Indicators
Slovakia's solar energy consumption is projected to reach 0.01 exajoules by 2028, maintaining the same level as in 2023. This represents an average annual growth rate of 3.1%. Despite the growth, Slovak demand has remained stable since 2016. In 2023, Slovakia ranked 23rd globally in solar energy consumption, with Cyprus surpassing it by achieving the same level of 0.01 exajoules. Spain, Italy, and France took the 2nd, 3rd, and 4th spots, respectively, in this ranking. On the capacity front, Slovakia's solar capacity is expected to increase to 638 megawatts by 2028, up from 555 megawatts in 2023. This reflects an average annual growth rate of 2.2%. Since 2015, Slovak solar supply has seen a year-on-year growth of 3.3%. In 2023, Slovakia was ranked 21st in terms of solar capacity, with Romania surpassing it with the same capacity of 555 megawatts. The Netherlands, Italy, and Spain were ranked 2nd, 3rd, and 4th, respectively, in this category.
